Japanese food and beverage giant Kirin Holdings has announced that it is implementing a fourth round of price hikes within the past 12 months in order to cope with current ‘difficult’ conditions, including production cost increases.
Confectionary giant Mondelez believes that inflation affecting cocoa and sugar, as well as ongoing political tensions in the Middle East are major challenges that it will need to overcome this year, despite having announced ‘record’ profits fror 2023.
Food and beverage giant Unilever India has tweaked several of its products and stepped up innovation in order to combat cost hikes for commodities such as milk, although it now believes situation is stabilising
Frozen foods, canned foods and bakery products have emerged as the most popular food categories amongst APAC consumers amidst rising inflation and food cost increases, driven by common themes of affordability, shelf-life and convenience.
Carlsberg Malaysia has retained a cautionary outlook for the company’s overall growth citing concerns over inflationary and taxation pressures, despite announcing year-on-year growth of over 200% in net profits in its Q3FY2022.
Major Australian supermarkets have been urged to refocus their pricing, product and e-commerce strategies to fulfil consumer demands for affordable products and convenient shopping, as inflation rockets.
Unilever’s major subsidiary in India Hindustan Unilever Limited (HUL) has highlighted a renewed focus on its tea and health foods portfolios in order to counter continuing inflation challenges faced in the country.
High food inflation in India is “credit negative” for the wider economy, hurting government finances and making it difficult for the country’s central bank to deal with monetary policy, according to Moody’s.
China's food and beverage industry continues to be a focus of long
term investment hopes for the multinationals, but as demands on
both ingredients and commodities put pressures on food prices a
report by Deloitte Touche stresses...