05 October 2023
05 October 2023
Recently installed CEO Xavier Unkovic confirmed that its stance had not changed under his watch.
The two companies are the two largest scampi suppliers to the UK foodservice channel.
Almarai has approved an investment of SR405m ($108m) to expand its bakery segment in light of recent growth.
Nearly two-thirds of B2B survey respondents view the metaverse as all hype, while only 6% think it will live up to its promise.
Droughts, irrigation restrictions and underinvestment in agri-tech are demanding an overhaul in water governance and sourcing.
Investors have called into question how committed Nestlé is to “driving healthier outcomes for society and the economy”.
The payout is intended to “help the Canadian dairy sector increase its competitiveness and adapt to new market realities”.
Newly-installed president and CEO Brendan Foley has signalled M&A is coming back into sight.
Capture inbound enquiries from sector-specific, high-intent buyers who are actively seeking your products and services through Buyer’s Guides.
Per GlobalData estimates, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary were identified as high-potential countries, primarily due to the large size of their food industries, their high projected value growth rates, and their rising per capita expenditure.
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