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NORTHAMPTON, MA / ACCESSWIRE / September 12, 2024 / Mondelēz International
We've been working for years at Mondelēz International to keep reducing the levels of waste from our operations. We continue to sharpen our focus on food waste, engaging in initiatives aiming to avoid it.
Close to a third of all food produced for human consumption is lost or wasted. That's why we're focused on key actions across our Company-owned manufacturing sites to reduce and eliminate food waste.
First, we have in place effective governance procedures that help us identify wastage hot spots and focus on the biggest losses incurred during production. This enables us to create ever-better process capabilities for reduction of waste.
We then apply proven Lean Six Sigma practices, using leading engineering and digital solutions. We continually track performance, enabling us to intervene quickly when corrective actions are needed. Within our manufacturing teams, we are continuously working to identify opportunities and course correct our practices.
2023 IN REVIEW During the last year, we focused our key waste-related sustainability initiatives on making our production lines more efficient. We tracked waste trends every month, analyzing them to identify the best opportunities for reduction across all processes and geographies.
In addition to our 2025 goal of reducing food waste in internal manufacturing by approximately 15% (compared to our 2018 baseline) and individual goals across our regions, our businesses and sites keep us focused on continuous improvement in areas like waste generated, waste treated and waste to landfill. While our primary focus is on food waste, we also analyzed all our waste management throughout the year to identify and act on all major opportunities.
In 2023, this approach drove down food waste at our manufacturing sites by about (28)%- well ahead of our 2025 goal of approximately 15%. We also delivered about a (69)% reduction in food waste from distribution, surpassing our approximately 50% goal for 2025 (against our 2018 baseline).
For instance, our Sri-City plant in India initiated a multi-pronged approach with a tight governance mechanism to significantly reduce food waste. The approach leveraged IL6S methodology to identify waste generation sources and involved a loss analysis to improve process performance with reduced variability.
Our Richmond bakery plant in the U.S. achieved food waste reduction driven by more than 65 productivity projects that contributed to the improvement in waste reduction.
In Brazil, our Curitiba plant drove multiple scrap reduction and compost reprocessing flow optimization projects which have together resulted in a reduction of more than hundreds of metric tonnes of food waste compared to previous year. Also in Brazil, our Recife plant focused on scrap reduction in the wafer and cookie lines delivering waste reduction.
STOPPING GOOD FOOD GOING TO WASTE In 2023, our Philadelphia brand partnered with the innovative Too Good To Go app to help shoppers in Austria, Germany, Denmark, Finland, Norway, Sweden and Switzerland buy food right before it goes to waste. We identified an opportunity and worked together to address the uncertainty often caused by the best-before date (BBD), printing the "Often Good After" logo on our packaging.
We also co-created social media videos in Germany encouraging people to LOOK, SMELL, TASTE before throwing away anything unnecessarily.
In Sweden, we're also donating surplus products to Matmissionen Supermarkets, which are then sold at a reduced price to economically vulnerable consumers.
FUTURE OUTLOOK At Mondelēz International, we continue our path towards food waste elimination by leveraging our business programs in food waste prevention and reduction with key collaborators. This focused effort has allowed us to achieve and exceed in 2023 our 2025 goal.
View the full 2023 Snacking Made Right Report
View additional multimedia and more ESG storytelling from Mondelēz International on 3blmedia.com.Contact Info: Spokesperson: Mondelēz International Website: https://www.3blmedia.com/profiles/mondelez-international Email: info@3blmedia.com
SOURCE: Mondelēz International
View the original press release on accesswire.comengages in the manufacturing and selling of confectionery products and pantry items. Based in Hershey, Pennsylvania, the company manufactures pantry items like baking ingredients, toppings and beverages, gum and mint refreshment products, snack bites and mixes, as well as spreads.
Companies valued at $10 billion or more are generally described as “large-cap” stocks, and Hershey fits this criterion perfectly. Hershey distinguishes itself as one of the largest chocolate manufacturers in the world and exports its products to approximately 80 countries worldwide. It owns various famous brands, including Hershey's, Reese's, Kit Kat, Jolly Rancher, and Ice Breakers.
Shares of HSY are trading 7.1% below their 7.9% return over the same time frame.
Moreover, in the long term, HSY stock is up 6.5% on a YTD basis, lagging behind XLP’s nearly 15% gain. Shares of HSY have declined 6.3% over the past 52 weeks, significantly underperforming XLP’s 15.5% return over the same time frame.
Yet, since late July, HSY has been trading above its 200-day and 50-day moving average, indicating a bullish trend.
Hershey has underperformed due to skyrocketing cocoa prices, which have more than tripled in three years due to poor crop conditions in Africa, and reduced consumer spending on discretionary items. However, despite missing Q2 revenues and earnings estimates on Aug. 1, the stock 2.7% gain on a YTD basis but has lagged behind MDLZ’s 4.2% return over the past 52 weeks.
As HSY has underperformed the broader sector, analysts remain cautious about its prospects. The stock has a consensus rating of “Hold” from the 21 analysts covering the stock, and the mean price target of $202.15 suggests only a 1.8% premium to its current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.
LyondellBasell Industries N.V. LYB recently stated that it is investing in a new closed-loop preparation center in Lich, Germany, to address end-of-life challenges in durable goods. This advanced recycling center converts plastic waste into high-quality feedstock for high-performance materials, promoting the circular economy and contributing to industry sustainability objectives. This new recycling center combines the skills of a service provider, a university that supports the process and analytics and a dedicated team at LYB.
The closed-loop preparation center is in sync with the LYB integrated hub strategy by combining current assets with new sophisticated sorting and recycling capabilities to increase operational scale, save costs and capture value from plastic waste. This new facility represents a significant boost in waste processing capacity for durable goods such as automotive and white good appliance parts. The requirements for recycling durable products that have reached the end of their useful life are complex. To produce a plastic suited for a high-quality feedstock, the materials must be cleansed of any paint, metal or other additives.
These initiatives are enabling innovative methods of recycling durable goods into new materials for high-quality applications. The recycling facility uses mechanical recycling to convert end-of-life automobile and appliance plastics, such as bumpers and trim, into high-quality recovered materials. These recycled materials will be integrated into the LYB CirculenRecover product line, providing more sustainable recycled content options for demanding applications in the automotive and white goods industries, including structural elements, interior components and visible applications.
The Lich recycling center is anticipated to reach commercial scale in the fourth quarter of 2024. This investment supports LYB’s ambitious objective of producing and marketing at least 2 million metric tons of recycled and renewable-based polymers annually by 2030.
Shares of LyondellBasell have lost 5% over the past year compared with a 9.4% decline of its industry.
For the third quarter, LyondellBasell anticipates margins to gain from the lower costs of natural gas and natural gas liquids used in its North American and Middle Eastern production against higher oil-based expenses in most other locations. With the ongoing summer driving season, oxyfuel margins are projected to stay higher than historical levels because of high octane premiums.
LYB intends to operate its assets in line with market demand in the third quarter, with average operating rates of 85% for North American olefins and polyolefins (O&P) assets, 80% for European O&P assets and 75% for Intermediates & Derivatives.
LyondellBasell Industries N.V. Price and Consensus
LyondellBasell Industries N.V. price-consensus-chart | LyondellBasell Industries N.V. Quote
Zacks Rank & Key Picks
LYB currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Eldorado Gold Corporation EGO and Hawkins, Inc. HWKN.
Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company's shares have soared 111.6% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company's shares have rallied roughly 68.1% in the past year.
The Zacks Consensus Estimate for Hawkins’ current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN’s current fiscal-year earnings has increased 12.8% in the past 60 days. HWKN, a Zacks Rank #1 stock, has rallied around 100.9% in the past year.
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