results
Inflation drop welcomed by industry, though cocoa and confectionery product prices remain impacted
Today’s news that UK inflation within the food and drink sector has fallen to 1.5% is something that the industry is clearly welcoming amid a time of ongoing operating challenges within supply chains in terms of broader operating costs, including sustained spikes in the price of ingredient sourcing.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Sustainability
Global confectionery sector seeks a kick-start after ongoing supply challenges dent some international markets
There’s no getting away from the fact that the past couple of years in the wake of the Covid-19 pandemic have served up a significant raft of challenges for the confectionery, snacks and bakery sectors on an international level.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing
Tate & Lyle’s performance impacted by reduced consumer demand, yet forecasts improvements
The Tate & Lyle Group has released its latest annual results, which reveal the business has endured challenging conditions with overall revenues down 2% against last year’s figures, to £1.6 billion, amid ‘softening consumer demand’ during a notably disrupted trading period, reports Neill Barston.
Mondelēz International posts first quarter upturn, despite ongoing market challenges
Mondelēz International has reported a net revenue increase of 1.4% to $9.29 billion for the first quarter of 2024, reflecting an upturn in performance from its European and Latin American operations, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Regulatory, Sustainability
Global confectionery sector set for growth to $421 billion, despite market disruption
The global confectionery market is projected to deliver a renewed upturn in growth into the next decade, reaching $421 billion by 2031, after reaching $298bn in 2022, despite a number of supply chain challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Regulatory, Sustainability
Nestlé posts sales dip, amid ongoing global supply chain challenges
Nestlé has reported trading challenges in the first quarter of 2024, with sales of CHF 22.09 billion, down 5.9% against CHF23.4bn for the same period last year, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut posts 11% sales growth, while operating profits drop amid challenging global markets
Swiss-headquartered Barry Callebaut has reported six-month sales growth of 11.1% to CHF 4.6 billion, amid a challenging backdrop that also saw its operating profit drop by 40% to CHF 178million for the period, which it attributed to investment in company restructuring, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
State of the Industry reflections: John Downs, NCA’s president and CEO interview
Seeming in relaxed form, John Downs concluded the event with some added notes of motivation for the assembled audience, reaffirming his view that there’s plenty of dynamism and determination that will see the industry within the US through its various supply chain challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Regulatory, Sustainability
Mondelēz International reaffirms focus on chocolate, biscuits and snacks
Mondelēz International has appeared at the US Consumer Analyst Group of New York (CAGNY) Conference, highlighting its strategy for furthering development across its complete snacking portfolio, reports Neill Barston.
Ferrero reveals strong annual results, in spite of market disruption
The Ferrero Group has confirmed strong financial momentum into 2024, as it records turnover of €17 billion, up by 20.7% for the period 2022/2023, according to its latest trading statement, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Mondelēz annual results reveal resilient fortunes, projecting further market growth
Mondelēz has released its annual and fourth quarter results, revealing net revenues of $36 billion, up by 14.4% as the business continues a pattern of global expansion that has seen it acquire fast-rising businesses in the snacking sector, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Hershey achieves annual sales boost, amid ongoing cocoa market challenges
The Hershey Company has released its fourth quarter and full-year results for 2023, revealing net sales of $11.16 billion, up by 7.2%, as the company acknowledged fast-rising global cocoa prices would impact growth rates, writes Neill Barston.
Barry Callebaut posts revenue upturn amid challenging global market conditions
The Swiss-headquartered Barry Callebaut Group has released its latest quarterly figures revealing revenue gains of 14.1%, to CHF 2.2 billion driven by adjusted cocoa pricing, and an increase in sales volumes, rising 0.4% to 580,876 tonnes, against a ‘challenging and declining’ chocolate market, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory
Swiss confectionery and baked goods markets expand, despite regulatory pressures
The Biscosuisse organisation, representing Swiss confectionery and bakery sectors, has reported a 32.6% upturn in exports during 2022, despite the impact of manufacturing regulations challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability