The head of Nestlé’s business in Asia has admitted the company has made mistakes in the way it has approached the India market by ignoring consumers in the country’s massive middle-class over the last decade.
There are plenty of cost-cutting strategies out there for bakers, from staffing, production efficiency, packaging and ingredients management. But how important is formulation? And are bakers looking that closely to reduce costs?
The food and beverage production industry is ramping up its innovation pipeline as a way of bucking the uncertain economic trend, Anuga FoodTec show director Peter Grothues told FoodProductionDaily.com at the event last week in Cologne, Germany.
British Polythene Industries (BPI) said raw material price hikes had cost the company ₤45m (€ 52.3m) in 2010 and said it would be accelerating investment in its recycling operations in a bid to insulate itself from future polymer cost instabilities.
The European adhesives industry said rising raw material costs triggered by a supply shortfall in the chemical sector is one reason behind its own price rises, as it seeks to response to customer concerns.
Recent acquisition activity in the bakery ingredients supply industry involving Dutch firm Sonneveld being bought out by Orkla Food Ingredients may signal a flurry of similar takeovers and could mean price benefits for bakers, claims a market analyst.
Nestle has indicated that the recession need not be all about cutting costs and keeping prices down, unveiling initiatives to tackle longer-term economic and social challenges, and create shareholder- and public-value.
FoodProductionDaily.com walked the floor at the recent Anuga FoodTec trade show to ascertain how the current economic climate is impacting on the food and beverage processing and packaging equipment manufacture sector.
Productivity improvements and energy efficiency schemes will constitute the majority of new projects next year in the US food and beverage manufacturing sector, claims a report from a US market analysis firm.
A report by the British Chamber of Commerce highlights the fact
that despite the UK manufacturing sector had its strongest
quarterly exports results for eight years at the end of 2004,
businesses are still not making the most of the...
Foreign companies' profits in China may have increased rapidly in
the past four years, but they remain modest in comparison with
other countries with smaller markets and slower growth, according
to a surprising new report. Anthony...
Changing attitudes to the health benefits of foods and an increased
effort to solve technical and economic issues has raised support
for flour fortification among industry members, showed a meeting
held in London yesterday.
A recent report from the Australian National University indicates
that food and beverage companies in the Asia Pacific region will
continue to benefit from strong economic growth in 2004, but that
growth is set to fall back next year.
Deliveries of aluminium foil recorded for the third quarter of 2003
have declined compared with the same period last year, according to
the latest figures from the European Aluminium Foil Association
Amcor's European packaging operations have come under the
microscope following a rash of profit warnings from global
companies with European operations. But analysts believe that the
company's strong presence in the food...
FMC Technologies, the global provider of energy processing and
production systems for a number of industries including the food
industry, has reported solid third quarter 2002 sales of $525.4
million (€538.6m) for the group as a whole,...