The US popcorn sector has been resilient to a pinched and health-focused economy and is now fuelled by premium-priced healthier variants, according to a new report.
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.
FoodProductionDaily.com caught up with Ishida Europe’s Torsten Giese at the Emballage show in Paris last week to discover his take on how the sector is recovering from the global recession and how this is informing development trends.
Mondi Group announced yesterday its 2009 full year profits are likely to plummet by around 50 per cent on the back of a “pretty tough” first half of the year and restructuring costs of €128m.
Cargill has reported a huge drop in earnings during the fourth quarter of fiscal 2009 compared to a year earlier, but said that it had entered the economic downturn with several effective strategies in place.
Costs for agri-commodities will hover high in the short term with prices "more likely to rise than fall", despite a contraction in global demand, concludes a new report from Credit Suisse.
Debt restructuring and redundancy announcements from two UK packing firms this week provided further proof of the severity of the current economic headwinds facing the packaging industry.
Food firms looking to trim costs in the recession must be sure to complete due diligence in their ingredient sourcing and not compromise the long-term image of their brands by reduced quality, warns a food chain consultant.
New consumer research indicates shoppers are falling back on frozen food to keep bellies full through the recession, according to the Food and Drink Federation – and that, in turn, can stimulate new product development geared to pressing needs.
The American Peanut Council is expecting that the current economic climate will prompt an increase in demand for peanuts as manufacturers look to them as a potential replacement for more expensive tree nuts.
Despite an increasingly competitive environment and the impact of a
global economic downturn the biscuits market in Europe is alive and
well, according to a news report from Esmerk.
