Promising Snacking Business Growth Pushes Mondelez To Prioritize Investment In Emerging Markets [Forbes]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Forbes
Promising Snacking Business Growth Pushes Mondelez To Prioritize Investment In Emerging Markets Mondelez CEO and Chair Dirk Van de Put has announced plans to invest more in emerging markets, including India, China and Eastern Europe, because these places are experiencing faster snacking growth than mature markets such as the U.S. The Illinois-based snacks giant recently highlighted its high single-digit year-over-year revenues increase in its emerging markets during Q2 2019, standing at 7.6%, while revenues in developed markets only increased by 2.8%. China, India, Southeast Asia, Russia and Mexico were among some of the business units driving Mondelez’s emerging market growth with “a nice balance of volume and price,” according to EVP and CFO Luca Zaramella, while Latin America registered a low single-digit growth rate in sales partially due to the impact of lapping the truckers struck in Brazil last year. However, he noted that adjusted OI dollars in Latin America declined by approx
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