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Mondelez International, Inc. (Nasdaq: MDLZ) is an American multinational leader in the confectionery, food, and beverage industry, headquartered in Chicago. Since its inception following the split from Kraft Foods North American grocery business in October 2012, Mondelez has established itself as a key player in the global snack food market.
The company generates annual revenues of approximately $26 billion and operates in around 160 countries. Mondelez's diverse product portfolio includes some of the world’s most beloved brands such as Oreo, Chips Ahoy, Halls, and Cadbury. As of the end of fiscal 2023, its business segments are divided into biscuits (49% of sales), chocolate (30%), gum/candy (12%), beverages (3%), and cheese and grocery items (6%). The geographical revenue distribution is also extensive, with over a third coming from developing markets, just more than a third from Europe, and the rest from North America.
In recent developments, Mondelez has joined the Hedera Council, focusing on pioneering distributed ledger technology (DLT) solutions to innovate digital transformation in supply chain management and enhance business processes. They are exploring projects like the SKUx digital payment system to offer real-time consumer offers and improve customer experiences.
Mondelez continues to engage in significant corporate social responsibility initiatives. Notably, the Sour Patch Kids brand has launched the 'Mischief for Change' scholarship program in partnership with the Thurgood Marshall College Fund, which supports students at Historically Black Colleges and Universities (HBCUs).
The company is also proactive in its marketing and community engagement efforts, as demonstrated by the recent 'The Art of (Re)Play' campaign by Oreo in Shanghai. This initiative blends artistic expressions inspired by traditional Chinese culture with modern elements to foster community interaction and promote well-being.
Financially, Mondelez posted robust earnings and free cash flow in the first quarter of 2024, credited to strong pricing execution and effective cost management. Their outlook for 2024 includes a projected organic net revenue growth of 3-5% and high single-digit adjusted EPS growth.
Mondelez’s commitment to sustainable practices is reflected in its progress toward environmental, social, and governance (ESG) goals. The company continues to invest in renewable energy, regenerative agricultural practices, and aims to achieve net-zero carbon emissions by 2050.
With a strong global presence and a focus on innovation and sustainability, Mondelez International is poised to continue leading the snack food industry, driving growth, and creating value for its stakeholders.
Mondelēz International's 2023 Snacking Made Right Report highlights the company's efforts to advance a more circular economy for packaging. The report focuses on three key areas: reducing packaging, evolving packaging, and improving systems. Mondelēz aims to reduce virgin plastic use by 5% by 2025 and has already reduced its plastic packaging footprint by 2.3% versus 2020. The company has made significant progress in designing recyclable packaging, with approximately 96% of its packaging now designed to be recyclable. Mondelēz is also collaborating with industry partners and investing in innovative recycling technologies to improve collection and recycling systems globally.
Mondelēz International has released its 2023 Snacking Made Right Report, highlighting significant progress in waste reduction. The company has exceeded its 2025 goals, achieving a 28% reduction in food waste at manufacturing sites and a 69% reduction in food waste from distribution. Key initiatives include:
- Implementing Lean Six Sigma practices and digital solutions
- Tracking waste trends monthly and analyzing for reduction opportunities
- Focusing on making production lines more efficient
- Partnering with the Too Good To Go app to reduce waste from best-before dates
- Donating surplus products to Matmissionen Supermarkets in Sweden
Mondelēz continues to prioritize food waste elimination through prevention and reduction programs, collaborating with key partners to drive further improvements.
Mondelēz International has selected 10 start-ups for its second CoLab Tech accelerator program, focusing on innovative technologies in snacking. The program, led by Mondelēz's R&D team, aims to advance the company's 'Vision 2030' growth agenda by identifying and scaling emerging technologies.
The selected companies offer solutions in areas such as cocoa processing, well-being snacks, sustainable packaging, and enhanced sensory experiences. Notable participants include Bread Free (gluten-free technology), Enginzyme (prebiotic sugar), and Kokomodo (cell-cultured cocoa).
This initiative aligns with consumer trends, as Mondelēz's 2024 State of Snacking Report shows that 60% of consumers increasingly prefer snacks to traditional meals. The 8-week program provides participants with mentorship, resources, and access to Mondelēz's global network to help scale their technologies.
Incredible Group has launched a new line of Squishi and scented products featuring SOUR PATCH KIDS™, OREO™, and SWEDISH FISH™ brands. These meticulously crafted, squishy toys offer maximum squishiness, durability, and a multisensory experience with vibrant colors, playful designs, and enticing scents. The collection will be available at various retailers across Canada and the United States starting this summer.
Saul Sacks, President of Incredible Group, expressed excitement about the new product line, emphasizing its ability to capture the essence of beloved brands while delivering a unique sensory experience. Melissa Renny, Sr. Director Licensing at Mondelez International (MDLZ), also shared enthusiasm for the partnership, highlighting the creative approach to bringing their brands to life in a new format.
Mondelēz International has selected 10 start-ups for its second CoLab Tech accelerator program, focusing on innovative technologies in snacking. The program aims to advance Mondelēz's 'Vision 2030' growth agenda by identifying and scaling emerging technologies. The selected companies offer solutions in areas such as cocoa processing, well-being snacks, sustainable packaging, and enhanced sensory experiences.
The 8-week program provides participants with hands-on experiences, virtual sessions, mentorship, and access to Mondelēz's global network. Notable selections include Bread Free (gluten-neutralizing technology), Kokomondo (cell-cultured cocoa), and Outlander Materials (upcycled food waste packaging). This initiative aligns with consumer trends, as Mondelēz's 2024 State of Snacking Report revealed that 60% of consumers increasingly prefer snacks to traditional meals.
belVita Breakfast Biscuits is celebrating National Coffee Day on September 29, 2024, with a sweepstakes offering fans a chance to win the 'Drippiest Coffee Bar Ever'. The grand prize includes an espresso machine, accessories, a one-year supply of belVita Breakfast Biscuits, and a 12-month coffee subscription. Over 100 additional prize packs featuring belVita products and branded coffee tumblers will also be awarded.
To enter, participants must follow belVita's Instagram page and comment on the sweepstakes post with their favorite belVita flavor and coffee pairing. The campaign highlights the brand's perfect pairing with coffee, as a recent survey found that 66% of consumers say belVita Breakfast Biscuits pair well with coffee. belVita offers more than 10 flavors and varieties nationwide, each containing slow-release carbs for steady energy throughout the morning.
7-Eleven, Inc. has introduced a new -time Slurpee® drink flavor: Coca-Cola® OREO™ Zero Sugar, available at participating 7-Eleven®, Speedway®, and Stripes® stores nationwide. This innovative flavor combines the classic taste of Coca-Cola® with OREO® cookie-inspired hints, coinciding with Coca-Cola® and OREO's® upcoming launch of two -time treats.
To celebrate this collaboration, a Dallas-area 7-Eleven store will host 'The Besties Restie Stop' on September 14, 2024, from 2 p.m. to 10 p.m., offering tastings and -edition Slurpee collectibles. Customers nationwide can also have Slurpee drinks delivered through the 7NOW® Delivery app, available on App Store and Google Play.
Mondelēz International released its 2023 Snacking Made Right Report, focusing on water management. The company reduced absolute water use at priority sites by 15% in 2023 compared to 2018. Key initiatives include water audits, efficient equipment installation, and enhanced recycling systems. Notable projects were implemented in Mexico, South Africa, Brazil, and Thailand.
Mondelēz aligns with the UN's Sustainable Development Goals, emphasizing sustainable water management. The company's strategy targets reducing water use at priority sites in water-stressed areas by 2025. Future plans involve identifying at-risk watersheds and developing action plans for key basins.
Total incoming water decreased from 10,304,000 m3 in 2018 to 9,167,000 m3 in 2023. Water stewardship remains a important aspect of Mondelēz's governance, with ongoing focus on Board oversight, public dialogue, and compliance.
Mondelēz International has released its 2023 Snacking Made Right Report, focusing on logistics operations and their impact on CO2e emissions. Outbound logistics account for about 4% of the company's total emissions, with truck transportation being the main contributor at 85%. To reduce emissions, Mondelēz is:
- Investing in energy-efficient mobility solutions
- Switching to renewable energy in warehouses
- Optimizing distribution routes
- Improving truck and container utilization
Notable initiatives include partnering with Indian Railways, installing solar panels at distribution centers, reducing idling time in U.S. operations, and piloting electric transportation in various markets. In Europe, the Design to Transport program has eliminated over 1,000 trucks between facilities and distribution centers in 2023.
Mondelēz International's 2023 Snacking Made Right Report highlights the company's progress in reducing energy emissions to achieve net-zero carbon. The report focuses on three key areas: improving energy efficiency, electrifying operations, and increasing renewable electricity use. In 2023, 48% of total electricity consumed came from renewable sources, up from 40% in 2022. The company achieved a 34% reduction in CO₂e emissions across manufacturing operations compared to 2018.
Mondelēz implemented various initiatives, including solar panel installations in multiple countries and signing long-term Power Purchase Agreements. The company invested approximately $140 million in energy efficiency programs in its European supply chain. Notable achievements include three plants in China joining the Global Lighthouse Network and the Sri City factory in India receiving the Advanced 4IR Digital Lighthouse Award from the World Economic Forum.
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