Fonterra has announced a major shake-up of its business, including a strategic review of its troubled Chinese joint venture, as the world’s biggest dairy exporter posted its first annual loss.
New Zealand’s biggest company said on Thursday it would re-evaluate all investments, major assets and partnerships to ensure they still met its needs.
It follows a disastrous 12 months, which have seen its shares drop to near-record lows over concerns about governance, execution of strategy and its Chinese joint venture, Beingmate.
> Read the full article on the Financial Times website
By Jamie Smyth
Source: Financial Times
Fasting during the COVID-19 pandemic brings new considerations, but a recent research review from the University of Doha, Qatar, suggests fasting during Ramadan may have a positive impact on immunity strength.
Ahead of the Rethinking Materials Summit (19-20 May), PackagingInsights sits down with Hugo Menilo, Unilever’s global foods packaging director to discuss their explorations in bio-based packaging, advanced recycling, refillable e-commerce solutions and more.
The announcement marks the first in a series of refreshed Brew a Better World ambitions, which form part of the company’s new EverGreen growth strategy.