PepsiCo this week announced it will have spent $400m between 2008 and 2013 in Vietnam as it looks to increase its manufacturing capacity, introduce new products and “strengthen” its existing brands in the country. Elsewhere, Danish firm Danisco said it aims to create the most competitive ingredients supplier in sub-Saharan Africa with its purchase of Research Solutions. Here’s the best of what was said this week:
“We knew we’d get probably about half of it wrong, not necessarily across the country, but on an individual store [basis]” – Loblaw executive chairman, Galen Weston, said the company’s IT system was not sophisticated enough to identify unpopular products
“Vietnam is one of the emerging markets labelled by Robert Ward, global forecasting director for the Economist Intelligence Unit (EIU), as the CIVETS, the next big growth opportunities of the new century, following the BRICs” – Saad Abdul-Latif CEO of PepsiCo Asia, Middle East, Africa talks about the firm’s investment in Vietnam
“Fighting private label isn’t about fighting everywhere, it’s about knowing where to fight, so which markets, which retailers, which shoppers” – Sean Seitzinger, senior vice president, consulting and innovation at SymphonyIRI Group advocates a targeted approach to competing with private label
“We are pooling the local skills and relationships from Research Solutions with Danisco’s local production and international backup of Danisco and aim to create the most competitive ingredients supplier in sub-Saharan Africa, both in terms of quality, cost and responsiveness” – Søren Olsen, vice president for systems at Danisco talks about its purchase of South African dairy ingredients business Research Solutions
“Cypress Grove Chèvre’s premium cheese specialties will be an ideal complement to our US product range. The expanded product line will allow us to strengthen our position in our largest foreign market, the US” – Urs Riedener, CEO of Emmi talks up the benefits of its latest buy
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“These products frequently experience multiple cycles of exposure to controlled and uncontrolled climates, and consumed sometime later having been carried on the person or in a handbag” – Nine Sigma, an ‘open innovation’ consultancy for Kraft Foods discusses the concept of heat-proof chocolate wrappers
“While I believe investors are confident that Ocado will grow sales, especially when the development of their new warehouse is completed, there is more of a question mark over underlying profitability” – Verdict Research analyst Neil Saunders evaluates Ocado’s share slump
“The launch of Diamond of California Nut Toppings demonstrates our continued focus on expanding category consumption by encouraging consumers to use Diamond nuts in a variety of ways and for occasions beyond baking” – Craig Tokusato, vice president of marketing for Diamond Foods on the firm’s latest innovation
“This is an ideal acquisition for Viterra that complements our existing industrial oat business, and further diversifies our product offering” – Karl Gerrand, Viterra’s senior vice president of processing discussed the purchase of US grain, oats and wheat processor 21st Century Grain Processing
“Despite some commentators expecting the Morrisons growth to run out of steam it still comfortably leads the top four in terms of year-on-year performance with growth of 6.9%” – Kantar communications director Ed Garner reflects on the relative performance of the UK’s big four food retailers
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By GlobalData
