Food Business News - April 19, 2016 - (Page 26)

given the higher quality, we expect to attract new consumers to the franchise in time." Bertolli is another brand the company is focused on reviving. To make the Bertolli product line more relevant to consumers, ConAgra Foods is adding familysize skillet meals to the line and focused on reformulating products with proteins perceived as natural and that feature "simplified ingredient" panels. "As I've said many times, unlocking the full value potential of our branded portfolio will be a process, not a flip of a switch," Mr. Connolly said. "But it is a battle-tested process and it will succeed. It all starts with the unwavering belief that strong margins are the key to maximizing value, and that strong margins are the byproduct of executional excellence across disciplines, spanning everything from supply chain productivity to pricing, and trade analytics to mix management, and targeted high R.O.I. marketing to exciting innovation." Within the Commercial Foods business, the Lamb Weston unit was the star. Sales for the Lamb Weston potato operations grew across North America during the quarter as well as in international markets, said Mr. Connolly. "International sales performance for Lamb Weston was noticeably strong, reflecting the lapping of the impact of the West coast port labor dispute in the year-ago period, as well as improving demand in key Asian markets," he said. "As we've indicated before, Lamb Weston remains well-positioned to capitalize on the significant international growth opportunities created by the aggressive, emerging market expansion of major quick-service restaurant chains. "In our Lamb Weston North America business, we continue to see positive growth momentum across many of our key customers in the quick-serve restaurant and operator distributor channels. We have industry-leading innovation and customer service, and our breadth of diversified products continues to position this business as a clear market leader in North America." FBN Mondelez to partner with e-commerce firm Alibaba DEERFIELD, ILL. - Mondelez International, Inc. has entered into a partnership with China's Alibaba Group, the country's leading e-commerce company, to sell its range of snacks products on-line in the region. Mondelez will create a "store" on Alibaba's platform, China's largest third-party business to consumer e-commerce platform, according to the Stephen Maher, left, Mondelez China, and Jing Jie, Alibaba Group. We'll take you overseas in one single bite. No need to check your bags to discover Bell's authentic Asian flavors. Need a new idea for a sauce creation? Next time think of Japanese Midori Sriracha, Szechuan Doubanjiang, Korean Gochujang or Indonesian Sambal Oelek flavor profiles to spice things up. Become inspired and request a sample from our Asian inspired line of flavors today. Get in touch with taste.® Bell Flavors and Fragrances, Inc. | | 800-323-4387 | 26 FOODBUSINESS NEWS ® company. Mondelez said it also will increase its investment in by introducing exclusive products through the platform. In May, for example, Mondelez will introduce Oreo Colorfilled cookies to the Chinese market. The Colorfilled initiative, which was introduced in the United States in 2015, allows consumers to customize the packaging of Oreo cookies. "This partnership with Alibaba is a significant step toward our goal of generating e-commerce revenues of at least $1 billion by 2020," said Tim Cofer, chief growth officer for Mondelez International. "Snacking is a fast-growing sector for the e-commerce market in China and Alibaba is a powerful partner to help us capture our share of that growth by expanding our distribution channels and improving our brands' accessibility in both rural and urban Chinese markets." FBN April 19, 2016

Table of Contents for the Digital Edition of Food Business News - April 19, 2016

Food Business News - April 19, 2016
Fresh, authentic a focus for Unilever
Clash over child nutrition programs may lie ahead
Dairy Business News - Dairy flavors grow ever more creative
Table of Contents
Web Contents
Editorial - Growth of organic category suggests still greater attention ahead
Monogram Foods acquires appetizer company
‘Premiumization’ opportunities abound
Preferred Popcorn picks up organic popcorn maker
Wal-Mart to transition to cage-free eggs by 2025
AdvancePierre Foods files for i.p.o.
Dr Pepper Snapple increases sports nutrition stake
Hormel Foods launches clean label effort
Identifying the X-factor in food startups
Food service operators betting big on buns
ConAgra Foods earnings reflect focus on execution
Mondelez to partner with e-commerce firm Alibaba
Modern Table planting the seeds of a trend
Market Insight - Dairy still under pressure
Company Profile - Flowers focused on improved margins
Flavor Trends - The next level for dressings, sauces and marinades
Ingredient Innovations - Fiber's global reach
Ingredient suppliers emphasize specialized fibers
Algae venture to invest in or buy food companies
New Food Products
Ingredient Market Trends - Large supplies will weigh on grain and oilseeds prices into next year
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - April 19, 2016