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
Nestle Malaysia believes that its strong focus on continued new product innovation will help it combat ongoing global economic challenges and food commodity cost increases.
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.
South Korea has announced new plans to utilise rice flour as a substitute for wheat flour where possible to combat rising inflation and supply chain challenges.
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.
Asahi has highlighted plans to focus more strongly on its canned beer and healthier innovation businesses as it braces itself for cost pressures in Japan from October.
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.
In a move designed to help keep food prices stable and inflation in line with official targets, Indonesian officials have launched a website to monitor the prices of the 10 main food commodities.
The number of Indians making online purchases is expected to break the 100m barrier this year, an increase of roughly one-third over 2016 as people get increasingly plugged in.
Weak underlying income growth is squeezing turnover in food retail, while non-food categories are still benefiting from low interest rates and asset price inflation.
Qatar will see food price inflation of 0.2% for the rest of this year, driven by falling global food prices, with prices rising again in the next two years, according to a new report.
The wholesale cost of vegetables might have dropped last year, but the price households are paying for their produce rose rather sharply, Assocham has found.
A press release arrived last week from India with the headline “Chicken becomes cheaper than onions”. Needless to say, it raised a few eyebrows at the FoodNavigator head office in Montpellier, France.
The Reserve Bank of India Governor D Subbarao has sparked outrage by saying that a rise in rural incomes has resulted in increasing food inflation 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...
