07 November 2023
07 November 2023
The world’s largest food maker is to lay off more than 70 staff.
He will also step down temporarily from his position as executive chairman of Bellring Brands.
Sales and volumes rose in the third quarter, although the pet-food maker’s bottom line remained in the red.
The US private-label supplier said third-quarter volumes outpaced the competition.
The US-headquartered bank invested through its sustainability-focused fund 1GT.
Some of the funding has already been used to create a production facility in Sala Baganaza in Parma.
The study assessed the “true cost” of the agrifood system on the environment, health and society.
“We’re talking about 0.5% to 1% volume effect ten years down the road,” CEO Dirk Van de Put said.
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Rising urbanization coupled with the increasingly busy lifestyles of consumers have resulted in the increasing demand for RTD beverages that are easy to carry and quick to consume. Further, the pandemic has created a huge surge in demand for non-alcoholic beverages with functional benefits and value addition, including low sugar, added proteins, probiotics, and plant-based ingredients. The beverage manufacturers have been capitalizing on the trends by focusing on both value addition and convenience associated with the packaging of RTD beverages.
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