Food Business News - June 17, 2014 - (Page 23)

Health science at the center of Nestle's strategy Chief executive calls health science business a 'category in the making' serves International Food Products Food Service Companies We take pride in helping food service companies succeed. By providing the highest quality ingredients at competitive prices, we like to give our customers a clear advantage. Sugar With Nestle W Health H l Science, the promise is big, but the investment is more than reformulating a g bouillon cube. . BOSTON - The portfolio Mr. Bulcke said. "It freed divestments Nestle has up management time, bemade in the past few years, cause you don't have stuwhich have included some pid discussions about losportions of Jenny Craig ers or discuss five times and PowerBar, allow its the same problems. executives to spend more "The platforms we are time focusing on adding investing in for the future value to current busiare more deeply rooted in nesses and such new busiscience so they cost more. - Paul Bulcke, chief executive nesses as Nestle Health That's true. And that is the officer, Nestle Science, said Paul Bulcke, tension I have. With Nestle chief executive officer. Health Science, the promMr. Bulcke spoke at ise is big, but the investlength about the company ment is more than reforand its strategies June 4 mulating a bouillon cube. at the company's investor That is why we don't allow seminar in Boston. ourselves to have laggards, "I truly believe our strabecause we are investing tegic direction is added for the future." value," Mr. Bulcke said. Mr. Bulcke described "We are more science drivNestle Health Science as a en, we have more investbusiness that the company i ki l ments, and we are living in a riskier place i b ildi g and that it is currently a non-deis building d that is going to take us to riskier places stra- fined market. tegically. To get higher margins you have to "This is a market in the making," take out what is dragging you down; what is he said. "It is a market about health, health not adding to the party." through nutrition." Mr. Bulcke was responding to an invesBut he added that it did not just involve tor's question regarding whether the portfo- therapeutic health. It also is focused on lio review the company has done has been keeping healthy people healthy. a distraction for its managers and interfered "We know the best medicine is food, with their business. and we know the best health keeper is "It didn't distract management time," healthy diets and healthy lifestyles," he June 17, 2014 Oils Starches Flour and More 800-227-8427 Trusted Ingredients. Trusted Advisors. FOODBUSINESS NEWS ® 23

Table of Contents for the Digital Edition of Food Business News - June 17, 2014

Food Business News - June 17, 2014
Tyson building a prepared foods powerhouse
Sodium reduction: Aiming at the target
Mid-year markets spotlight
Web Contents
Editorial - Preventing food fraud must be a priority
Peanut butter innovaton propels Smucker
Pinnacle opens pilot plant at Rutgers
Consumer interest in protein remains high
Trashing trillions of calories
Health science at the center of Nestle’s strategy
Nestle sees emerging markets as an e-commerce opportunity
McDonald’s U.S. sales still slipping
Innovation popping at Diamond Foods
Emerging natural and organic food and beverage trends
B&G Foods goes clubbing
C-suite focus shifting toward greater effi ciencies
Krispy Kreme looks to create buzz with licensed coff ee
Private label, sustainability shaping Hain Celestial’s strategy
Quality Egg executives plead guilty to selling adulterated products
Redefining food allergens
Have your cake and quinoa, too
Three snack makers to watch
Flavor mining
Ancient grains for modern trends
Ancient grains in America
All systems go on sustainability strategies
Targeting sodium reduction
General Mills launches Cheerios Protein
Wonka introduces Peel-a-Pops
Ready Pac expands on-the-go meals
Pacifi c Foods adds to hummus offerings
Big chicken fi llet sandwiches debut
Breyers off ers gluten-free ice cream
oCrunch and Kellogg’s partner to create cereal bowl
Stoneridge Orchards launches new dried whole fruit products
GoOrganic debuts fruit chews
popchips rolls out veggie chip line
On the Border debuts smart menu selections
Annie’s announces snack and mini meal kits
Gold’n Plump upgrades frozen chicken patties
Ingredient Market Trends - U.S.D.A. raises U.S. and world wheat ending stocks forecasts
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 17, 2014