A consortium of industry big names, including General Mills, Coca-Cola, and Danone, has joined the China Food Tech Hub – a project aimed at partnering outstanding start-ups with major industry players to meet the ever-changing consumer demands in China.
The newest addition to Yowie, which aims to educate children about the animal kingdom and the environment, combines two bite-sized chocolates with a collectible animal toy and a puzzle piece that eventually creates a small world map.
Beverage giant Coca-Cola and New Zealand dairy major Fonterra have partnered in what has been deemed a Strategic Alliance in South East Asia, with the first range of products from this having just been launched in Vietnam under the Nutriboost brand.
Furore over PepsiCo India’s lawsuit against four Indian farmers over the latter’s alleged planting of a patented potato variety has yet to die down, despite the firm’s willingness to withdraw the lawsuit and ‘amicably’ settle.
Nestlé wants 100% of its key commodities to be deforestation-free by next year. The company is leveraging technology as part of a “toolbox” to tackle risk areas and accelerate its journey towards a deforestation-free supply chain.
Nestle Australia is set to launch its new cane sugar-free Milo 30% Less Added Sugar next month after over two years of development – but consumers will getting less beverage for their buck due to higher production costs.
Nestlé China is harbouring two highly ambitious goals – it wants to cut down the speed to market of new products and brands from 18-24 months to six to eight months and aims to launch 170 new products for this year.