Sector News

Cargill seeks to trim its sprawling empire

August 24, 2016
Food & Drink

Cargill has just completed a “pivotal year”, says its annual report for 2015-16. The big question now is whether the world’s largest agricultural trading house will pivot back to growth.

The US company’s operating profit in its last financial year to the end of May was the lowest since 2011-12, dragged down by weak grain markets that form part of the broad slump in commodities prices.

In response to the downturn, Cargill executives are seeking to simplify and provide greater coherence to a 151-year-old company that has become a sprawling conglomerate. Cargill wants to expand in areas of existing strength and exit those activities where it has little or no competitive advantage.

> Read the full article in the Financial Times

Source: The Financial Times

comments closed

Related News

February 4, 2023

Unilever names FrieslandCampina’s Hein Schumacher as next CEO

Food & Drink

Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

February 4, 2023

Tetra Pak execs flag plant-based ice cream development hurdles as indulgent offerings expand

Food & Drink

Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.

February 4, 2023

Examining the meaning of eco-labels: Is it time for mandated methodology?

Food & Drink

A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.

How can we help you?

We're easy to reach