06 October 2023
06 October 2023
“The entire company has to reduce costs,” the Dutch dairy co-op insists.
The outbreak of avian influenza has led to fears that South Africa may face a shortage of chicken meat and eggs.
The confectionery giant launched the bars in 2019 as part of efforts to cut sugar in the products it sold in the UK and Ireland.
The US-based frozen-foods group was helped by prices, with volumes down year on year.
The company’s Riesa brand is sold through German retailers including Aldi, Lidl, Edeka and Rewe.
Nestlé has invested nearly Ft90bn ($245.5m) in the project, which will create 280 new jobs.
Recently installed CEO Xavier Unkovic confirmed that its stance had not changed under his watch.
Droughts, irrigation restrictions and underinvestment in agri-tech are demanding an overhaul in water governance and sourcing.
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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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