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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 (Nasdaq: MDLZ) has appointed Filippo Catalano as Chief Information and Digital Officer (CIDO). Catalano, who will join later this year, will report directly to CEO Dirk Van de Put and lead the company's global technology transformation to drive long-term growth. His extensive experience includes serving as CIDO at Reckitt, where he led significant growth and expansion through digital transformation, and as Global CIO at Nestlé, where he transformed technology platforms and processes.
Catalano's appointment is expected to accelerate Mondelēz's enterprise-wide technology agenda and digital evolution. His background in implementing AI, machine learning, and advanced analytics platforms in leading consumer packaged goods companies aligns with Mondelēz's goal of enhancing its digital capabilities and omnichannel operations.
CLIF BAR's Zbar brand has announced a $1M partnership with KABOOM! to build nature-based play spaces for kids in underserved areas. The initiative aims to create climate-friendly playgrounds with sustainable designs, addressing the lack of outdoor play opportunities for children. Zbar will also support KABOOM!'s research and programming for climate-forward playground design.
The partnership includes advocacy for government investment in equitable access to outdoor play spaces. To promote outdoor activities, Zbar is sponsoring a 'Calling All Outdoors Experts' sweepstakes, offering prizes like REI gift cards and a year's supply of Zbar snacks. The initiative kicks off on July 23 in Oakland, CA, with a 'Nature Design Jam Day' involving local children in future playground designs.
Mondelēz International's 2023 Snacking Made Right Report outlines the company's comprehensive approach to climate change. The strategy interconnects goals across responsible sourcing, social sustainability, and human rights. Key focus areas include:
1. Enhancing social sustainability and respecting human rights in their value chain.
2. Pursuing net-zero carbon emissions across the full value chain by 2050, with a 35% reduction target by 2030.
3. Aiming for no deforestation across primary commodities by 2025, focusing on cocoa, palm oil, soy, and paper materials.
4. Increasing regenerative agricultural practices to improve resilience and reduce carbon emissions.
The report highlights Mondelēz's signature programs like Cocoa Life, which reached around 243,000 cocoa farmers in 2023, and efforts in sustainable palm oil sourcing. The company emphasizes collaboration with industry partners and transparency in reporting progress towards its climate goals.
Mondelēz International (Nasdaq: MDLZ) is set to announce its Q2 2024 financial results on July 30, 2024, at 4:05 p.m. ET. The company will host a conference call at 5:00 p.m. ET to discuss the results. Investors and analysts can join via phone by dialing (800) 245-3047 in the U.S. or (203) 518-9765 internationally, 10 minutes before the call. A listen-only webcast will be available on the company’s website, with a replay accessible until August 6, 2024, using different phone numbers and access code MDLZQ224. An archived webcast will also be available on the Mondelēz website.
SOUR PATCH KIDS partners with Snapple to introduce a -edition candy mix featuring Snapple-inspired flavors: Mango Madness, Kiwi Strawberry, and Fruit Punch. Arriving in stores nationwide, the collaboration merges the popular sour-then-sweet taste of SOUR PATCH KIDS with Snapple's iconic juice flavors.
Alongside the launch, a virtual trivia game on TikTok, starting August 1, offers participants a chance to win up to $1,000. Fans can test their knowledge by discerning Snapple's Real Facts from SOUR PATCH KIDS' playful statements.
The -edition candy is available at major retailers in 3.61 oz bags for $1.28 and 8.02 oz bags for $2.88. Mondelēz International’s Swedish Fish brand will also release Snapple-inspired flavors. The promotion ends on August 30, 2024.
Mondelēz International released its 2023 'Snacking Made Right Report,' emphasizing its commitment to producing safe, high-quality snacks.
The company maintained 100% certification to GFSI standards for internal manufacturing and raw material suppliers, while external manufacturing and food contact packaging suppliers maintained 99% and 97% GFSI certification, respectively.
Mondelēz employs advanced risk management processes and adheres to HACCP system standards to ensure product safety and integrity. In 2023, the company trained 8,800 employees and 4,200 suppliers on food quality and safety.
The company is an active member of the GFSI and participates in global standard-setting organizations. Its CEO co-chairs the CGF Food Safety Coalition, underscoring Mondelēz's leadership in global food safety initiatives.
For further details, visit the full report on 3blmedia.com.
Mondelēz International has released its 2023 Snacking Made Right Report, highlighting significant progress in reducing its climate impact and advancing sustainability goals. The company has developed a net-zero carbon emissions roadmap, scaled regenerative agricultural practices, and reduced carbon emissions across its operations.
Notable achievements include sourcing 99% of wheat for European biscuits under the Harmony Charter, using nearly 50% renewable electricity at manufacturing sites, and cutting food waste from distribution by 69%. The company continues to focus on its cocoa sourcing program, Cocoa Life, to address deforestation, farmer poverty, and child labor.
Partnerships with suppliers, NGOs, and industry coalitions have been important in these efforts. Looking ahead, Mondelēz aims to further accelerate its impact and remain transparent in sharing progress.
CLIF BAR announced the 2024 line-up for its CLIF CORPS' Athlete Coalition. The initiative, featuring athletes like WNBA MVP Breanna Stewart, tennis pro Frances Tiafoe, soccer star Sophia Smith, and Paralympian Daniel Romanchuk, aims to promote equitable access to sports. The Coalition collaborates with nonprofits and supports youth sports clinics. Research highlights a disparity in youth sports participation linked to family income, with only 31.2% participation among children from low-income families. CLIF BAR's efforts include funding basketball courts, supporting tennis clinics, partnering with Outdoor Afro, and launching Wheels for Change to loan racing wheelchairs. Since 2000, CLIF BAR has donated $73 million and committed over 200,000 volunteer service hours.
Mondelēz International (Nasdaq: MDLZ) and Lotus Bakeries (Euronext: LOTB) have formed a strategic partnership to expand the Lotus Biscoff® cookie brand in India and co-develop new chocolate products in Europe, combining Biscoff® with Cadbury and Milka. Mondelēz will manufacture, market, and distribute Biscoff® cookies in India, leveraging its extensive distribution network. The collaboration also aims to create co-branded chocolate products, with the first launches expected in early 2025. This partnership is poised to accelerate growth in both the cookie and chocolate categories for both companies.
The SOUR PATCH KIDS brand is launching the Mischief Tycoon Experience on Roblox, an immersive platform with millions of daily users. Set to release on June 14, 2024, this new experience allows fans aged 13 and up to engage in mischief and rebuild disrupted lands in a sour-then-sweet journey. Users can collect in-game currency and mischief points but cannot earn real currency. The experience features mini-games themed around SOUR PATCH KIDS fruit flavors, with rewards such as virtual fashion items, brand merchandise, and candy coupons available to the most engaged users. Additionally, -time Lemonade Loot Boxes will offer unique in-game prizes. This initiative aims to deepen fan engagement both in-game and in real life.
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