KFC’s success in opening and operating fast food restaurants in China is such that one analyst declared it to be “the most successful foreign company in China.” Now, here’s one of the broader effects of that achievement — a huge surge in chicken consumption among the Chinese.
Remember the Cola Wars? Get ready for the Bottle Wars. PepsiCo has unveiled a bottle made entirely of plant material, which it says trumps the technology of competitor Coca-Cola and reduces its potential carbon footprint.
Coca-Cola Company has added Minute Maid Pulpy to its portfolio of brands that have achieved global retail sales of more than $1bn, bringing the number of its billion dollar brands to fourteen. Minute Maid Pulpy reached the $1b sales mark in only five years.
Around the world, the food system is in crisis. Prices have rocketed; they are now higher in real terms than at any time since 1984... Companies are sounding the alarm and the G20 grouping of the world’s largest economies has put “food security” top of its 2011 to-do list. This attention is welcome. But today’s spike is only part of a broader set of worries. As countries focus on food, they need to distinguish between three classes of problem: structural, temporary and irrelevant. Unfortunately, policymakers have so far paid too much attention to the last of these and not enough to the first.