News & Analysis on the Bakery and Snacks Industries
JBT Corp has blamed a drop in demand for its decision is to cut 115 jobs in its food processing division and shift some operations out of Europe in a bid to make annual savings of US$9m by the end of next year.
Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
The US share of the global flexible packaging market will decrease as emerging markets such as India and China continue to grow at a “staggering” rate, according to an industry analyst.
Bakery manufacturers can capitalise on an emerging Scandinavian dietary trend with new low-carb offerings, according to an analyst from Euromonitor International.