For the full year, Mondelēz International generated a cash flow of USD 3.2 billion. Europe revenue grew by 8.6% for the year (and +8.3% for Q4). At the same time, volume declines in Europe were driven primarily by cocoa-related pricing.
Mondelēz International and Lotus Bakeries are strengthening their partnership for Belgium with the launch of a new product – the Côte d’Or L’Original with crunchy Lotus Biscoff® pieces. This collaboration brings a combination of two authentic Belgian tastes to consumers, reflecting the companies’ shared roots.
Mondelēz International appointed Norberto Chaclin as Executive Vice President and Chief Research & Development Officer. He reports directly to Chair and CEO Dirk Van de Put.
Mondelēz International announced it partnered with Amazon Web Services (AWS) to support its digitization plans. AWS is now its “strategic cloud provider” and has already migrated hundreds of tasks, Mondelēz announced.
SnackFutures Ventures, the corporate venture capital arm of Mondelēz International, acquired a minority stake in Urban Legend, a UK pastry bakery start-up specializing in better-for-you fresh donuts and pastries.
During the last year, Mondelēz focused on making its production lines more efficient: it tracked waste trends every month, analyzing them to identify the best opportunities for reduction across all processes and geographies, with the goal of reducing manufacturing food waste by 15% by 2025 (compared to the 2018 baseline).
Mondelēz International signed an agreement to acquire a significant majority stake in Evirth, a leading manufacturer of cakes and pastries in China, the snack giant announced. The transaction is subject to customary closing conditions, including regulatory approval.
Negotiations ended and Teamsters Local 104 drivers and warehouse workers “won significant pay and pension increases, along with enhanced benefits”, its representatives said. The changes will be reflected in the five-year collective agreement with Mondelēz.
Coca-Cola® and the OREO® teamed up as ‘Besties’ to create two exclusive and limited-edition products: OREO® Coca-Cola™ Sandwich Cookie and Coca-Cola® OREO™ Zero Sugar Limited Edition. The campaign comes with several unique digital and physical experiences, Oreo-maker Mondelēz announced.
Mondelēz held an inauguration event for its USD 5 million Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, which serve its markets across Southeast Asia, Australia, New Zealand and Japan.
Mondelēz International partnered with supply chain leader Amcor to build an advanced recycling facility in Australia. Together they are investing in advanced recycling technology specialist, Licella, to build one of the country’s first developments of this kind.
In partnership with Nintendo, Mondelez releases limited-edition cookies inspired by the world of Super Mario™. The limited-edition OREO x Super Mario cookies feature 16 unique embossments including Super Mario characters and power-ups, such as Mario and Luigi, a Super Star, and enemies like a Goomba and Bowser Jr. Packs are randomly filled.
