Mondelez International is rooted in the National Dairy Products Corporation (National Dairy), which was founded on December 10, 1923, by Thomas H. McInnerney and Edward E. Rieck. Phone: 1-847-943-5454 Mail: Investor Relations Mondelēz International, Inc. 905 West Fulton Market, Suite 200 Chicago, IL 60607 [17], Cadbury sales were flat after Kraft's acquisition. 53 plants *Source: Euromonitor market share. By 2020, the volume produced on advantaged assets will rise from 15 percent today to about 80 percent. Mondelez International Inc. on Tuesday agreed to buy paleo chocolate-bar maker Hu Master Holdings, the latest move by an established food … Mondelez International is rooted in the National Dairy Products Corporation (National Dairy), which was founded on December 10, 1923, by Thomas H. McInnerney and Edward E. Rieck. [36], In September 2017, an investigation[38] conducted by NGO Mighty Earth found that a large amount of the cocoa used in chocolate produced by Mondelez and other major chocolate companies was grown illegally in national parks and other protected areas in Ivory Coast and Ghana. Empowering People to Snack Right . It is derived from the Latin word mundus ("world") and delez, a fanciful modification of the word "delicious. Manila, Philippines – September 1, 2020 – Mondelez Philippines has announced its latest product, aimed at strengthening the Company’s foothold on the snacking market locally. With over 83,000 employees across the world, you’ll soon discover the huge choice of careers in our vibrant, fun, fast-paced global business. We’re a big company. the power of big. Mondelez International, Inc. is a snack company. "[6][7][8], The Mondelez International company manufactures chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. [18], In August 2011, Kraft Foods announced plans to split into two publicly traded companies, an international snack-food company and a North American grocery company.[20][21]. John Dmochowsky, CAFM, MBA, senior global fleet manager for Mondelēz International, Inc. will retire on April 1, 2020, culminating a 36-year career with the company and Kraft Food Group, from which Mondelēz was spun off in October 2012. Are you looking for a job in FMCG? [49], In April 2015, the US Commodity and Futures Commission (CTFC) alleged that Mondelez International and its former subsidiary, Mondelez Global, bought $90 million (£61 million) of wheat futures with no intention of taking delivery. Food manufacturing giant Mondelez International, owner of the iconic Cadbury Chocolate and Kraft Food brands, has announced plans to save $3 billion through a redesign of the company’s supply chain. Taking into account integration costs, the acquisition reduced Kraft's earnings per share by about 33% immediately after the Cadbury purchase. Business data for Mondelez International: This page was last edited on 6 January 2021, at 07:27. Launched on Oct. 1, 2012, following the spin-off of our North American grocery operations to shareholders, Mondelēz International is a new company in name and strategy. [31], On February 25, 2020, Mondelez announced that it was acquiring a majority stake in Toronto-based Give & Go, a maker of two-bite brownies. Executives of Mondelez International, a global snacking powerhouse, with 2012 revenue of $35 billion, highlighted initiatives to redesign the company's supply chain that are expected to deliver over the next three years $3 billion in gross productivity savings, $1.5 billion in net productivity and $1 billion in incremental cash. With over 83,000 employees across the world, you’ll soon discover the huge choice of careers in our vibrant, fun, fast-paced global business. Mondelez Europe *N°1 chocolate biscuits & meals. In doing so, the company delivered a $400 million step-up in cash flow last year and expects to deliver incremental cash of $1 billion over the next three years. Census and Distribution of Chimpanzees in Cote D'Ivoire. Cadbury owner Mondelez International is stockpiling ingredients, chocolates and biscuits in Britain to avoid interruptions to business in the event of a hard Brexit. This is a summary of what happened with Mondelez International, Kraft and Heinz. [23] The name of the newly-merged company would be Jacobs Douwe Egberts. Mondelez International, Inc. is a snack company. Launched on Oct. 1, 2012, following the spin-off of our North American grocery operations to shareholders, Mondelēz International is a new company in name and strategy. Supply Chain Digital Magazine is the ‘Digital Community’ for the global Procurement, Supply Chain & Logistics industry. Similarly, revenue per plant is expected to more than double by the end of the decade. Follow @JosephWilkesWDM - Supply chain initiatives to deliver $3 billion in gross productivity savings and $1 billion in incremental cash over the next... - Supply chain initiatives to deliver $3 billion in gross productivity savings and $1 billion in incremental cash over the next three years, - Supply chain productivity will drive significant margin expansion. Based on these new designs, the company is installing Oreo manufacturing lines that require 30 percent less capital and reduce operating costs by $10 million per line. The company plans to pay for these investments primarily by expanding margins in North America and Europe to levels at or above the average of peer companies. Tiger Crackers is the first product of its kind from the snacks company, offering affordability, convenience and great local flavors. Mondelez International's Cocoa Life Partners with FLOCERT to Verify Supply Chain. 26 century-old brands. [30] The acquisition was completed on July 16. In 1930, National Dairy acquired Kraft Phenix. [15] It had significant political and public opposition in the United Kingdom and abroad, leading to a call for the government to implement economic protectionism in large-company takeovers. [14] Kraft renewed the offer on December 4. Mondelez International Inc. said it’s buying the Canadian owner of the two-bite brownies brand from the private equity firm Thomas H. Lee Partners. [27], On May 6, 2018, Mondelez agreed to buy cookie maker Tate's Bake Shop for approximately $500 million. [45] In Ivory Coast, deforestation has pushed chimpanzees into just a few small pockets, and reduced the country's elephant population from several hundred thousand to about 200–400. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. Empowering People to Snack Right Mondelēz International empowers people to snack right in over 150 countries around the world. [19] Kraft increased prices to offset rising commodity costs for corn, sugar, and cocoa in North America and Europe. [44] Less than four percent of Ivory Coast remains densely forested, and the chocolate companies' laissez-faire approach to sourcing has driven extensive deforestation in Ghana as well. Mondelēz International, Inc. (NASDAQ: MDLZ) is one of the world’s largest snacks companies. [23] The merger was confirmed on May 6, 2014, and completed on July 2, 2015. [28] The acquisition was completed on June 7, 2018. Are you looking for a job in FMCG? Dmochowsky. In 1928, it acquired Phenix Cheese Company, the maker of a cream cheese branded as Philadelphia cream cheese, founded by Jason F. Whitney, Sr. and the company changed its name to Kraft-Phenix Cheese Company. But we believe, above all, in one thing – something that’s unique to us – and that’s the power of big and small. Poaching contributes to forest elephant declines in Côte d'Ivoire, new numbers reveal. Mondelez Canada holds the rights to Christie Brown and Company, which consists of brands such as Mr. Christie, Triscuits and Dad's Cookies. US giant Kraft Foods, owner of UK chocolate maker Cadbury, has decided to name its new global snacks business Mondelez. [35] Mondelēz International's shares traded at over $42 per share, and its market capitalization was valued at over US$58.8 billion in October 2018. 117 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. 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