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The food industry has rarely been out of the headlines this month, with NYC Mayor Bloomberg’s super-size soda ban getting the green light, a defamation lawsuit filed vs ABC News over its ‘pink slime’ reporting, questions about overcapacity in the Greek yogurt market and the imminent break-up of Kraft. First up in our gallery is Kraft, which will split into two on October 1 as bosses engage in some corporate re-engineering they claim will unlock value for shareholders and shoppers. Speaking to analysts and investors about his plans for the north American grocery operation earlier this month, CEO-designate of Kraft Foods Group Tony Vernon said the days of “spray and pray innovation at Kraft are gone”: Product development at 'New Kraft'
As for confectionery and snacks, Brazil, Russia, India and China would drive sales at Mondelez, said CEO Irene Rosenfeld: BRIC markets to drive growth for Kraft’s Mondelez spin-off
Mondelez sets global chocolate vision
Meanwhile, significant progress has been made in both businesses on the sodium reduction front, although there is no magic bullet in the toolbox , R&D vp Russ Moroz told us this week: Kraft VP: There is no silver bullet on sodium reduction
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