The UK government and food sector representatives are focusing on increasing collaborative R&D and the adoption of “state-of-the-art” technologies to deliver on goals to “decarbonise” the sector and improve energy efficiency.
The International Finance Corporation (IFC), of the World Bank, is lending US$250 million to Ukraine’s leading poultry producer Myronivsky Hliboproduct (MHP) to help kickstart the country’s flailing economy.
The financial crisis has also led to a consumer crisis of confidence – but nearly nine out of ten French shoppers see the economic slump as an opportunity to revise consumption habits, according to Nutrimarketing’s Sophie de Reynal.
Royal DSM paid tribute to its nutrition division which held steady as its sales and profits dipped for the second quarter and first half of the financial year, as recessed global economies took their toll on bottom lines.
The Food Ethics Council and NEF are hosting a conference on food justice in London this month, to debate the prospects for a more just food system at a time of public spending cuts, rising unemployment, and climate change concern.
Life will only get tougher for Unilever in the second half of 2010, but things could improve in 2011 as its Genesis innovation programme starts to bear fruit, cost inflation cycles out and rival Procter & Gamble (P&G) starts to run out of steam,...
A tight economic environment and cautious consumer spending is likely to dampen the short-term potential of the food and beverage market in Slovenia, with interest in the market coming largely from regional manufacturers, according to a new report.
The more food companies work with different levels of the food supply chain and network with external partners, the more innovative they are likely to be, a study of the Danish food industry has found.
The food industry’s relative immunity to the effects of recession, and the strong links throughout the supply chain, mean it can play a part in reinvigorating the whole economy, say agricultural economists from Greece.
Prices for key commodities used by food manufacturers may have eased since their peaks last year, but the cost of cereals and vegetable oils in the near term will remain far higher than pre-2008, projects the OECD.
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.
Cutting costs is the top priority in 2009 for food and beverage companies, according to a report from Deloitte which outlines strategies companies can adopt to stay ahead in challenging economic times.