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3368
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July 28, 2009: 09:44 PM EST
Global consumption of milk and other liquid dairy products is expected to increase by a compound annual growth rate (CAGR) of 2.2 percent over the next three years. In a media release, Tetra Pak, the world leader in food processing and packaging solutions, said that global consumption of liquid dairy products, excluding soy and dairy alternatives, reached a record high of 258 billion litres in 2008, an increase of 1.6 percent over the previous year. Nearly 96 percent of the growth is in emerging markets, such as India, Pakistan, China and the Middle East.
"Tetra Pak forecasts continued growth in global milk consumption over the next three years", Tetrapak.com, June 01, 2009, © Tetra Pak International
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3367
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July 28, 2009: 06:35 PM EST
Aspartame is not associated with adverse effects in the general population, and nor does it have an effect on appetite or food intake when used as a sweetener, says Brendan Naulty, president of Ajinomoto North Americam, a leading global manufacturer of the artificial sweetener. Naulty was commenting in a media release on a review of research posted on the American Dietetic Associaiton (ADA) Evidence Analysis Library web site. Lisa Carlson, a Chicago-based registered dietitian, said the study “adds meaningful, science-based information that will help registered dietitians respond to questions from consumers”. The ADA managed all aspects of the review, which was funded jointly by the ADA and Ajinomoto.
"Evidence-Based Analysis of Aspartame Research --Questions Put to Rest ", CNBC.com, June 02, 2009, via PR Newswire, © PR Newswire
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3346
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July 12, 2009: 07:02 PM EST
Tesco has responded to criticism of its tactics in cutting prices on Irish border stores by saying that no Irish brands have been dropped – provided “Irish Brand” is defined as one made in Ireland rather than one known in Ireland, and that the brand is selling well enough. Rather than dropping Irish brands the retail giant now stocks Irish brands alongside others, which it says gives consumer more choice. It has also used hardball tactics to keep prices down, asking suppliers to cut their prices by 20 percent and, according to some critics, threatening suppliers with “delisting” or asking them to arrange their own deliveries to Tesco stores.
Paul Cullen, "Tesco sets out its stall for keeping prices down_07-10-09", Irishtimes.com, July 10, 2009, © irishtimes.com
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3345
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July 12, 2009: 06:17 PM EST
Delhaize is considering moving into the Bulgarian market, according to media reports. The Belgian supermarket chain currently operates in Romania and Greece, and reportedly aims to be among the top three chains in all three countries. It is already number two in Greece, oeprating through its Greek subsidiary, Alfa-Beta Vassilopoulo. A Delhaize subsidiary, Mega Image, recently purchased Romanian Prodas Supermarkets, taking its tally to 43 stores in Romania.
Rene Beekman, "Delhaize eyes Bulgarian market_07-10-09", Sofia Echo, July 09, 2009, © Sofia Echo Media Ltd.
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3351
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July 12, 2009: 05:16 PM EST
Wal-Mart has deep pockets for its expansion in India, says the chief executive of its international division, Doug McMillon. The only constraints are the India team’s ability to carry out the expansion project and the availability of real estate. A pool of $4.8 billion to $5.3 billion is available, McMillon said. Wal-Mart values its relationships with local partners, and scales up when “the society and the customer was ready”. He also said that opening the sector up to foreign direct investment (FDI) would accelerate Wal-Mart’s progress.
Sanjeev Choudhary & Chaitali Chakravarty, "Unlimited funds on tap for Wal-Mart India_07-10-09 ", The Economic Times, July 10, 2009, © Bennett Coleman & Co. Ltd.
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3348
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July 12, 2009: 02:35 PM EST
Metro Cash and Carry Vietnam has opened its ninth wholesale center in Vietnam. Located in the industrialized southern province of Dong Nai, the Metro Bien Hoa center is about 30km from Ho Chi Minh City on a four-hectare site in the heart of Bien Hoa. It stocks more than 26,000 items, about 90 percent of which are produced or grown in Vietnam. Metro Cash and Carry Vietnam managing director Randy Guttery said the company exported goods worth $100 million in 2008, mostly to Europe. The company was pleased with its performance in Vietnam since entering the market seven years ago, he said. It has no plans to enter the retail sector.
Tuong Thuy, "Metro opens 1st wholesale store in Dong Nai_07-10-09", Saigon-gpdaily, July 09, 2009, © SGGP English edition
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3350
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July 12, 2009: 08:56 AM EST
Old food favorites are holding their own in the recession in Japan, prompting companies to defer new product launches and try to boost sales of the “standby” items. Nostalgia and the sense that standbys represent value for money and safety appear to be behind the trend. A Cabinet Office survey shows that 44 percent of respondents said their household income dropped from the year before, and 55 percent expect their income to decrease further. Norio Tomono, a professor of behavioral economics at Meiji University, said, "At a time when anxiety is rampant due to recession and other reasons, people tend to choose products carefully. In doing so, they mostly buy products whose quality has long been established and which are seen as less risky."
"'Old standby' products defying economic recession in Japan_07-09-09 ", Kyodo News, July 08, 2009, © Kyodo News International
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3321
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July 2, 2009: 11:32 AM EST
As the recession drags on, consumers have become more conscientious about their purchases, carefully considering how much they are paying for goods and holding off buying new supplies until their pantry is empty. They are now more receptive to bargains, coupons, and free samples, which translate to savings, and increasingly patronize private labels over more expensive brand names. This has adversely affected sales performance of many companies, forcing them to cut jobs and come up with low-priced goods. With the consumer attitude change, companies are trying to create products that will entice consumers back to spending. William McComb, chief executive officer of Liz Claiborne Inc., calls the phenomenon the “savvy shopper syndrome”.
Paul Waldie, "The pantry recession", The Globe and Mail, June 26, 2009, © CTVglobemedia Publishing Inc
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3278
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June 30, 2009: 11:49 AM EST
Marketers need to tap into strategies being adopted by consumers if they are to keep their market share, according to UK Media agency Arena BLM. Its second “Crunchonomics” report, released in April, shows that people are beginning to blame the government for the way it is handling the crisis, and renewing trust in institutions, particularly banks. Despite this, 39 percent of the people surveyed said the economy would get worse. Consumer strategies identified in the report include reducing purchases of non-food items, suggesting a reduction in impulse buying. Food sales were up. More than 50 percent are considering own-label food and grocery products, brand loyalty is being questioned, and price is becoming more important.
Joe Fernandez , "Consumers are slowly learning how to cope_06-25-09", Marketingweek.co.uk, June 25, 2009, © Centaur
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3281
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June 30, 2009: 04:38 AM EST
Retailers are cutting back on variety, particularly on the number of different brands of the same item. Walgreen Co, for example, is cutting its range of superglues from 25 to 11,and Wal-Mart has slashed its range of tape measures from 24 to 4. Experts say that, over the next year or so, retailers will cut their ranges by at least 15 percent. This is expected to pose challenges for manufacturers used to constantly making slight changes to their products to keep them in the public eye. Retailers are trying to make shopping simpler for increasingly budget-conscious customers sticking to familiar products. Making more room for house brands is also on their agenda.
ILAN BRAT, ELLEN BYRON and ANN ZIMMERMAN , "Retailers Cut Back on Variety, Once the Spice of Marketing_06-26-09 ", Wall Street Journal, June 26, 2009, © Dow Jones & Company, Inc
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