Food Processing - August 2008 - (Page 22) Succeeding in a Difficult Year i n a testament to management and to the hard work of thousands of employees, most of our Top 100© food companies turned in respectable years in 2007. Despite all the grousing over how tough the past year was, all of the 10 largest companies managed sales increases, and seven out of the 10 improved profits as well. Much as we try not to turn this into a footrace each year, it’s difficult not to acknowledge the shuffling of the top three finishers on our list and the remarkable sprint of the North American operations of perennial No. 4 Nestle. Tyson Foods returned to the No. 1 position, which it held in our 2005 and 2006 reports. PepsiCo had such a good 2007 (sales up 10.4 percent) that it leapfrogged Kraft into the No. 2 spot. While the U.S. and Canadian operations of Nestle remained in fourth, the position those divisions have held for several years, the North American chunk of the world’s biggest food company recorded a 12.6 percent sales increase. Tyson returns to the top and PepsiCo and Nestle turn in stellar years in our annual ranking of the largest food and beverage companies in the U.S. and Canada. By Dave Fusaro, Editor in Chief Kraft in various incarnations had been the U.S. and Canada’s biggest food and beverage company for the first 30 years of this annual report. In its first full year of independence from Philip Morris Cos., Kraft’s U.S.- and Canadian-based sales rose 3.5 percent in 2007, and overall, global sales rose 8.4 percent. Net earnings were down 15.4 percent, however. After a disappointing fiscal 2006, in which it suffered a $196 million loss, Tyson came back strong in its fiscal 2007. “Following one of the most challenging years in the company’s history, we are back on solid footing and on track to achieve our long-term goals,” President/CEO Richard Bond wrote in the company’s annual report. At PepsiCo, “What makes me particularly proud is that our 2007 performance was strong – not just measured by these short-term metrics, but also with the long-term in mind,” wrote Chairman/CEO Indra Nooyi. “We increased capital expenditures in plant and equipment FoodProcessing.com 22 • Food Processing August 2008 http://foodprocessing.com
Table of Contents Feed for the Digital Edition of Food Processing - August 2008 Food Processing - August 2008 Contents Editor’s Plate NewsBites Special Report Rollout Food Biz Kids The Top 100 Ingredients Show Report Plant Operations MRO Q&A Case History New Supplier Products Toops Scoops Food Processing - August 2008 Food Processing - August 2008 - Food Processing - August 2008 (Page Cover1) Food Processing - August 2008 - Food Processing - August 2008 (Page Cover2) Food Processing - August 2008 - Food Processing - August 2008 (Page 3) Food Processing - August 2008 - Food Processing - August 2008 (Page 4) Food Processing - August 2008 - Contents (Page 5) Food Processing - August 2008 - Contents (Page 6) Food Processing - August 2008 - Editor’s Plate (Page 7) Food Processing - August 2008 - Editor’s Plate (Page 8) Food Processing - August 2008 - Editor’s Plate (Page 9) Food Processing - August 2008 - Editor’s Plate (Page 10) Food Processing - August 2008 - NewsBites (Page 11) Food Processing - August 2008 - NewsBites (Page 12) Food Processing - August 2008 - NewsBites (Page 13) Food Processing - August 2008 - NewsBites (Page 14) Food Processing - August 2008 - Special Report (Page 15) Food Processing - August 2008 - Special Report (Page 16) Food Processing - August 2008 - Special Report (Page 17) Food Processing - August 2008 - Rollout (Page 18) Food Processing - August 2008 - Rollout (Page 19) Food Processing - August 2008 - Food Biz Kids (Page 20) Food Processing - August 2008 - Food Biz Kids (Page 21) Food Processing - August 2008 - The Top 100 (Page 22) Food Processing - August 2008 - The Top 100 (Page 23) Food Processing - August 2008 - The Top 100 (Page 24) Food Processing - August 2008 - The Top 100 (Page 25) Food Processing - August 2008 - The Top 100 (Page 26) Food Processing - August 2008 - The Top 100 (Page 27) Food Processing - August 2008 - The Top 100 (Page 28) Food Processing - August 2008 - Ingredients (Page 29) Food Processing - August 2008 - Ingredients (Page 30) Food Processing - August 2008 - Ingredients (Page 31) Food Processing - August 2008 - Ingredients (Page 32) Food Processing - August 2008 - Ingredients (Page 33) Food Processing - August 2008 - Ingredients (Page 34) Food Processing - August 2008 - Ingredients (Page 35) Food Processing - August 2008 - Ingredients (Page 36) Food Processing - August 2008 - Show Report (Page 37) Food Processing - August 2008 - Show Report (Page 38) Food Processing - August 2008 - Show Report (Page 39) Food Processing - August 2008 - Show Report (Page 40) Food Processing - August 2008 - Plant Operations (Page 41) Food Processing - August 2008 - Plant Operations (Page 42) Food Processing - August 2008 - Plant Operations (Page 43) Food Processing - August 2008 - Plant Operations (Page 44) Food Processing - August 2008 - Plant Operations (Page 45) Food Processing - August 2008 - Plant Operations (Page 46) Food Processing - August 2008 - Plant Operations (Page 47) Food Processing - August 2008 - Plant Operations (Page 48) Food Processing - August 2008 - MRO Q&A (Page 49) Food Processing - August 2008 - MRO Q&A (Page 50) Food Processing - August 2008 - Case History (Page 51) Food Processing - August 2008 - New Supplier Products (Page 52) Food Processing - August 2008 - New Supplier Products (Page 53) Food Processing - August 2008 - New Supplier Products (Page 54) Food Processing - August 2008 - New Supplier Products (Page 55) Food Processing - August 2008 - New Supplier Products (Page 56) Food Processing - August 2008 - New Supplier Products (Page 57) Food Processing - August 2008 - New Supplier Products (Page 58) Food Processing - August 2008 - New Supplier Products (Page 59) Food Processing - August 2008 - New Supplier Products (Page 60) Food Processing - August 2008 - New Supplier Products (Page 61) Food Processing - August 2008 - Toops Scoops (Page 62) Food Processing - August 2008 - Toops Scoops (Page Cover3) Food Processing - August 2008 - Toops Scoops (Page Cover4)
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