Author: Xiaoshidai Integration.
Today's takeawaysMondelēz increased sales last quarter, but sales volumes**
Grain merchant ADM reshuffles some of the leadershipDiageo's CEO is desperate to free up businessPotentialBeijing opened an investigation into the food safety of "Chinese New Year's Eve Dinner".Research has found when consumers prefer simple food packaging
Gates invests $5 million in a project at FrieslandCampina.
The latest company news
COFCO Coca-Cola relocation project started construction
Yesterday, the groundbreaking ceremony of COFCO Coca-Cola Beverages (Shaanxi)** relocation and new construction project was held in Jingwei Industrial Park, Xi'an Economic and Technological Development Zone. This project, a joint venture between COFCO and Coca-Cola, two Fortune 500 companies, took only 34 days from signing to starting, once again refreshing the "speed of economic development". According to reports, the project is planned to cover an area of 170 acres, and the plant construction area is about 790,000 square meters, with a total investment of 1 billion yuan, plans to lay out 8 beverage production lines, 1 syrup production line, with a maximum design capacity of about 1.1 million tons, and is expected to be put into operation in September 2025. (Xi'an Jingkai).
The founder of Wagas stepped down as chairman
A few days ago, industrial and commercial information showed that John Fohlmann Christensen, the founder of Wagas, stepped down as the chairman of Shanghai Wagas Catering. In September 2022, private equity investment** Advent Capital announced that it had acquired a 60% stake from the founders, saying at the time that he would continue to manage the day-to-day work of the group. (Snack generation).
Naixue Investment has invested in 8 projects
Nai Xue's tea CFO Shen Hao said a few days ago that there are now a total of eight investment projects, three of which belong to late-stage projects, namely Lele Tea, Tianye Shares and Youbao. The other five projects are early-stage investments. There is no strict time requirement for the investment cycle, and a five-year period is roughly set internally. (IPO knew earlier).
Pinvor Foods suffered its first loss after going on the market, and it wanted to rely on cheese to boost it
The abundant domestic milk supply and changes in the international environment have cast a shadow on the performance of Pinwo Food, the first imported food stock. On January 29, Pinwo Food released its 2023 performance forecast, with an expected net profit loss of 6800 yuan to 92 million yuan, and a profit of 1120 yuan in the same period last year380,000 yuan. Regarding the performance in 2023 from profit to loss, Pinwo Food said that during the reporting period, domestic consumption of dairy products and other products was weak, and market demand weakened, resulting in a decline in operating income this year. In search of new growth points, Pinvor extended dairy products to cheese. Recently, Pinwo Food announced that the Deya cheese factory in Songjiang District, Shanghai was officially put into operation, with an investment of more than 100 million yuan and an estimated annual output of 4,032 tons. (Interface).
Yonghui Supermarket's difficult year: pre-loss of 13400 million
Yesterday, Yonghui Supermarket announced a net profit loss of 13 in 2023400 million yuan. Prior to this, Yonghui Supermarket had suffered high losses for two consecutive years, with a loss of nearly 7.5 billion yuan. In just two years, Yonghui Supermarket has almost lost all the profits accumulated in the six years from 2015 to 2020. From 2020 to September 2023, the asset-liability ratio of Yonghui Supermarket was as follows: 54%。Yonghui said that as of the announcement date, the company's cash flow is abundant, and its sustainable operation ability has not been affected. (Blue Whale Finance).
Moutai regards internationalization as a major marketing topic this year
Yesterday, the second session of the 7th Workers' Congress of Moutai Group opened in the auditorium of Moutai Conference Center. Wang Li, general manager of Moutai Group, pointed out in the "Report on the Production and Operation of Moutai Group" that internationalization will be regarded as a major topic of marketing this year, and around the goal of 2027, strengthen the reform of international market institutions and team building, and continuously improve the level of internationalization. She also said that the main wine industry should focus on industry leadership, brand influence, and channel control. (Company Release).
Oriental Leaves Double Oolong Large Bottle Launched in New Year
Yesterday, according to Nongfu Spring's official WeChat, Oriental Leaf Oolong Tea and Black Oolong 900ml large bottles were fully launched, saying that "this Spring Festival and family and friends will share Chinese tea together", and at the same time released the brand's Year of the Dragon advertising film. Today, a box (12 bottles) of related products in Tmall Supermarket is priced at 75 yuan, and there are four flavors of 900ml large bottles of Oriental Leaf products on sale. (Company release, snack generation).
The CEO of Red Bull Thailand has outlined its business priorities for 2024Recently, Xu Xinxiong, CEO of Tencel Group, said in an exclusive interview with Thailand** that the business in 2024 will drive growth with three strategies, namely, awakening the power of product branding, awakening the power of enterprise growth, and awakening the power of paying close attention to the environment. He also said that the company still focuses on domestic and international markets when conducting its business, with China being a major market with great product growth potential, followed by Malaysia and Vietnam, and one of its marketing strategies for 2024 is to continue to release new and enhanced products. In terms of overall consumer purchasing power in 2024, the company still expects a full recovery. （bangkokbiznews）
Mondelēz increased sales last quarter, but sales volumes**
Today, Mondelēz International announced its fourth-quarter results. During the period, sales increased, but the demand for the product had an impact, resulting in its stock price exceeding 4% after hours. In the last quarter, Mondelēz's organic net income grew 98%, but sales fell by 04%, like other consumer staples companies, is facing a **large** shock. Mondelēz also said that from the fourth quarter, its performance was affected by the beverage company JDE Peet and the divestment of the developed market chewing gum business. (Reuters).
Walmart announced a 1-for-3 split
Today, Walmart announced a 1-for-3 split, saying that a lower one will help more employees buy. Walmart** will begin trading on a post-split basis on Feb. 26. Walmart shares were as high as 2% in after-hours trading** at 168$87. (Wall Street**).
ADM reshuffles some of its leadership
Grain merchant ADM is making a leadership change in its traditional crops** business. Ray Bradbury, who has been with the company for about 20 years, became president of ADM Investors Service this month, Bloomberg yesterday, citing the company** and "people familiar with the matter". He previously served as President of ADM's Renewable Fuels Solutions Division, where he was responsible for global commodity risk management. His former responsibilities will now be separated. ADM allegedly planned to make the changes before disclosing its ongoing accounting investigations, but there is no indication that the two things are linked. (Bloomberg).
Diageo's CEO said he was eager to unleash the potential of the business
Diageo boss Debra Crew vowed to get the business back on track after a "perfect storm" in Latin America saw U.S. consumers switch to cheaper spirits, leading to a drop in profits. "We ended the first half of the fiscal year based on the November business update. But I want to be clear, we are not happy with these results. "Personally, I'm desperate for the business to reach its full potential. Diageo consumers are resilient, but they are also cautious and selective, she said. Premiumization continues, but there are also some downgrades in consumption. (Financial Times).
Asahi has decided not to develop high-alcohol products
Recently, according to Kyodo News, Asahi Brewery intends to control the alcohol content of new "Suisu" products (canned alcoholic beverages) to less than 8% in the future. In recent years, low-cost, easy-to-drink, high-alcohol products have become popular, but there are concerns about their health risks. Asahi has decided not to develop high-alcohol products in order to create a healthy and sustainable drinking culture. As of the end of 2020, Asahi had a total of 79 high-alcohol "drunk" products with a high alcohol content of more than 8%, but only one is currently on sale (9%), which Asahi said would consider handling the product in a better way in the future. (Kyodo News).
Kirin whisky wants to increase its export percentage to 50%.
Recently, the head of Kirin's whisky business said that about 10% to 20% of the company's high-end brand Fuji is currently sold overseas, and the company aims to increase this proportion to 50%. Given Japan's declining population and declining alcohol consumption among young people, the company's focus on overseas markets is necessary. In addition, he believes that since only 4% of the global whisky** volume comes from Japan, there is still room for the company to grow without stiff competition. (Reuters).
Morinaga Seika will raise 50 kinds of sweeteners in the Japanese market**
Recently, Japan's Morinaga Confectionery Co., Ltd. announced that it will increase the shipping cost of about 50 kinds of confectionery including chocolate confectionery in Japan from April 1. **Magnitude is 33% to 18% due to the *** of raw materials and packaging materials, the company explained that it is expected that the cost increase factor will persist in the medium to long term, and it will be difficult to solve the situation with our company's own efforts. (Food News).
FrieslandCampina announces February Milk Guarantee**
Yesterday, FrieslandCampina announced on its website the February Farm Milk Guarantee**. The average guarantee** for farm milk in 2024 (up to and including February) is 45 per 100 kg of milk38 euros (about RMB 352.)9 yuan), compared with the previous month** by 125 euros; The guarantee of organic farm milk** remains stable at 55 per 100 kg50 euros (about RMB 431.)6 yuan). (Company Release).
Gates invests $5 million in FrieslandCampina's Nigeria project
Recently, Bill & Melinda Gates** will invest $5 million in Value4dairy. Previously signed by FrieslandCampina Nigeria, Barenbrug, Agrifirm and Urus, the Nigerian dairy project aims to further develop the country's dairy chain, with the goal of providing dairy products to the country's population of more than 5 million through 40,000 dairy farmers. （foodbusiness）
Nutrition brand Bloom Nutrition has raised $90 million in funding
Recently, Bloom Nutrition, a nutritional supplement brand founded by American fitness blogger Mari Llewellyn, announced that it had received $90 million in financing, of which Nutrabolt, a well-known sports supplement company in the United States, acquired about 20% of the shares of Bloom Nutrition through this investment, becoming the largest investor in the brand. （gymsquare）
Pret a Manger accelerates internationalization
Recently, the British restaurant chain brand Pret A Manger opened its first independent store in Canada. Previously, since starting operations in Canada in July 2022, Pret has opened seven franchises within A&W's restaurants in Vancouver and Toronto. Currently, Pret A Manger operates nearly 700 stores in 17 regions around the world, including more than 470 stores in the UK and 61 stores in the US. After making its debut in India, Luxembourg, Italy, Spain and Qatar last year, PRET also entered the Greek market. （worldcoffeeportal）
Finnish dairy group Valio will lay off employees
Recently, as the Finnish dairy group Valio began a new round of restructuring, about 130 employees of the company will face losing their jobs. Valio plans to engage in "change talks" with about 1,170 employees, which are expected to last around six weeks and will involve employees in headquarters functions and on the factory floor. Currently, Valio employs around 4,300 people, 3,700 of whom are in Finland. （justfood）
Bear shape kit kat is selling well in Japan
Recently, a bear-shaped chocolate called "Kit Kat Heartful Bear" is selling well in Japan. The product was a limited-time product developed by Nestlé Japan for Valentine's Day last year, and it sold out about two weeks after its launch. This year, its production will be more than double last year's. The product is positioned as a ** product, and the suggested retail price including tax is 540 yen (about RMB 26) for 6 pieces (bags) (about RMB 26) and 1512 yen (about RMB 73) for 1080 yen (about RMB 52). (Food News).
Kraft Heinz launched a creative ad for ketchup in the United States
Recently, Kraft Heinz released a creative advertisement called "The Wait" in the US market. The ad shows a man sitting at a restaurant stall with a group of friends in front of him with a plate of untouched fries just waiting for the tomato sauce that the waiter hasn't brought yet. The company cites a recent survey by market research firm Toluna that found that 85% of U.S. respondents insist on condiments when delivering food at restaurants, and 61% of them will specifically insist on Heinz ketchup. （adweek）
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Mars is bringing 300 digital electric trucks to Europe
As part of its efforts to reduce carbon emissions, Mars has partnered with Einride, a trucking technology company, to expand a fleet of 300 electric and digital heavy-duty trucks across its European sales network by 2030. This initiative will save 20,000 tonnes of CO2e per year from electricity operations across Europe, and will also mean a 10% reduction in greenhouse gas emissions from road transport in Mars Europe per year. (Company Release).
Families will be charged for plastic tableware in Japan
Recently, FamilyMart announced that it will charge fees for plastic spoons, forks, and straws provided free of charge by about 100 directly operated stores across the country from January 29. There are six types of target tableware for charging, among which the dessert spoon (small and large) is priced at 4 yen (about RMB 0).2 yuan), spoons and forks cost 6 yen (about 0 yuan.)3 yuan), straws and bendable straws are priced at 4 yen. Once implemented, the use of plastic is expected to be reduced by about 4 tons per year. If it is successfully expanded to stores nationwide, it is expected to reduce the amount of plastic used by about 715 tons per year. (Food News).
Industries at a glance
Beijing opened an investigation into the food safety of "Chinese New Year's Eve Dinner".The New Year is approaching, and the "Chinese New Year's Eve Dinner" is scheduled to be hot. The reporter learned from the Fengtai District Market Supervision Bureau that the catering units in Fengtai District that provide Chinese New Year's Eve meals increased by 17% compared with 2023, the highest in recent years. In order to ensure that consumers enjoy a comfortable, reassuring and reassuring Chinese New Year's Eve meal, the city's market supervision department launched a food safety supervision and inspection during the Spring Festival in 2024, focusing on the inspection of catering enterprises that provide "Chinese New Year's Eve Meal" meal services to ensure food safety during the Chinese New Year's Eve Meal and Spring Festival. (Beijing ** client).How to conduct spot checks and assessments for special food safety management personnel? Recently, the State Administration for Market Regulation issued the "Guidelines for the Supervision and Random Inspection and Assessment of Enterprise Food Safety Management Personnel" and the "Outline for the Supervision and Random Inspection and Assessment of Enterprise Food Safety Management Personnel", which clarified what content should be mastered by food safety management personnel of special food production and operation enterprises and how to organize random inspections and assessments, which will be implemented from March 1, 2024. (Beijing News).Notice of the State Administration for Market Regulation on the unqualified sampling of 16 batches of foodRecently, the State Administration for Market Regulation organized food safety supervision and sampling of 1476 batches of samples, and 16 batches of samples were found to be unqualified. For the substandard food found in the sampling, the relevant provincial market supervision departments have organized verification and disposal. It includes two batches of infant food: Grandma's Rice Field Infant Probiotic Formula Rice Flour (High Calcium) sold by Babbling Baby Supplies Store in Xihu District, Nanchang City, Jiangxi Province, which is claimed to be produced by each (Shanghai) Biotechnology *** and commissioned by Jiangxi Aolong Youke Health Industry ***, in which the total number of colonies does not meet the national food safety standards; Jiangsu Children's Hedonic Children's Products *** sales, Shanghai Juanhai *** commissioned Hubei Province Wuhan Beiyi Food *** production of He Yang Yang Infant Organic Rice Duck Original Puff Strip - Spinach Flavor, in which the total number of colonies does not meet the national food safety standards. (Snack generation).When do consumers like simple food packaging and when don't? Recently, a finding by researchers in the United States showed that when consumers see food packaging with less text, less color, and plain white or neutral boxes, they infer that the products inside contain very few ingredients. This, in turn, leads them to believe that the product is purer than its more compact counterparts and is worth paying a premium. There are some exceptions to this rule, and simplicity doesn't work when consumers are looking for store-owned brands or looking for delicious junk food; In these cases, packaging with bright colors, beautiful fonts, and bold shapes often resonates better with consumers. In addition, the researchers also noted that if consumers see minimalist packaging and then flip to the back to find a long list of ingredients and preservatives, they may lose trust in the brand in the future, so brands need to combine visual design with actual ingredients. (Wall Street**).
Internet+
Liang Rubo, CEO of ByteDance, criticized the organization for being sluggishYesterday, ByteDance held its 2024 annual all-staff meeting. Liang Rubo, CEO of ByteDance, said at the scene that the key word of ByteDance in 2024 is "always start a business and escape the gravity of mediocrity", and repeatedly mentioned the "sense of crisis" and included "strengthening the sense of crisis" as an annual goal. One of the biggest sense of crisis is the fear that ByteDance, as an organization, is becoming mediocre and unable to make new breakthroughs. Liang Rubo mentioned that the semi-annual technical review at the company level did not start discussing GPT until 2023. (CBN).Meituan Distribution invested in subsidies for job stabilization during the Spring FestivalOn January 25, in order to ensure the stability of transportation capacity and the income rights and interests of riders who stayed on duty during the Spring Festival, Meituan Distribution announced that it would invest in a special job stabilization subsidy for the Spring Festival, and riders who stayed on the job could receive additional income of up to more than 10,000 yuan in the same month. Since January, Meituan Delivery has successively carried out Spring Festival celebrations for riders in nearly 100 cities across the country, holding activities such as riders' Chinese New Year's Eve dinner, offline cultural-themed flash mobs, and annual honors and commendations, adding a festive atmosphere to the riders who stay on duty. (Oriental Net).Liu Qiangdong delivered New Year's goods to more than 1,300 villagers in his hometown in SuqianA few days ago, some netizens broke the news that when shopping online, they found that an account named "Dongge" placed an order for more than 1,000 down jackets and more than 1,000 supermarket gift boxes at the same time, and sent them to Lailong Town, Suqian. After verification, the user is Liu Qiangdong himself, and the New Year's goods will be delivered to Guangming Village, where his hometown is located, which has more than 1,300 villagers. (surging).