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4 September month year 2007
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the uk's department for environment, food and rural affairs has announced a review of its advisory committee on organic standards (acos), which is expected to pave the way towards future development and governance. the acos was created in 2003 to advise the government on the development and implementation of organic standards, approval of certifying bodies, and r&d.
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last week saw a string of communications about food price rises: first warnings were aired about wheat, then meat, then dairy. it's a vertiginous view from the heights of the commodity markets, and it's clearer than ever before that we need to re-jig our basic food supply systems if we are to feed the world in the future. the impact of the price rises and their underlying causes - be it biofuels or harvest shortfalls - is felt at every level, from the farmer who will be paying a premium for his cattle feed, through manufacturers stumping up more for basic ingredients, to consumers having to find a few extra pennies to pay for their meat, milk or daily loaf.
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cost recovery and the on-going development of a stream-lined, customer-oriented working method led kerry's ingredients division towards a first half 2007, on both sides of the atlantic. the group, whose food ingredients division encompasses application-specific ingredients, flavours and bio-science businesses, reported total revenue of €2.33bn in the six months ended june 30 2007, representing an up-swing of 5.
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the company, which currently has 5,400 franchised stores in the us, is planning to expand its portfolio to 15,000 stores by 2020. with a wider presence in the northeastern parts of the us, it is looking for partners in the western us.the company has said that it is looking for franchisees with a minimum net worth of $1.5 million, including $750,000 in liquid assets..
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gross margin improved from 17.6% in 2006 to 18.8% in 2007, due to the better purchasing terms as well as an in-house logistics improvement. ebitda increased by 71.49% from $48.37 million in 2006 to $82.95 million in 2007. sergey galitsky, ceo, said: "we consider the company's operational results to be satisfactory. most of the figures are within the schedule. we continue to work on the effectiveness of our business reducing the logistics costs, increasing the number of private label products in retail revenue and improving the purchasing conditions of the products sold via the retail chain.
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this is a major step in switzerland-based nestle's transformation into a nutrition, health and wellness company. the company claims that the acquisition gives the group the number one position in the largest single baby food market worldwide, the us.the acquisition of gerber, which comes in the wake of the jenny craig and novartis medical nutrition purchases, transforms nestle nutrition into a business approaching chf10 billion in sales, with an enhanced critical mass and access to the group's global r&d network to drive innovation.
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president mike luker said: "we are changing our name to better position our business with the needs of our customers and to heighten our continued support of the objectives of our parent organization - cargill. the company was not sold or consolidated, and has not changed its management or primary activities. we are simply making this name change to make our company stronger."mr luker added that the sunny fresh logo has been updated.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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