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Chicken producers have cut back on volumes over the past two years as pressure on disposable incomes and strikes have forced some consumers to switch to other proteins such as polony and beans.
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Pioneer Foods, SA's third-biggest food company, will embark on a major job-cutting exercise in bid to cut costs. More than 1 200 of its best-paid staff or 10% of the current workforce, are being put on early retirement, retrenched or redeployed to lower-paid...
Developing markets have long offered consumers mini sizes, enabling people with little disposable income to buy just enough for the moment. For example, “sachet budgeting” in the Philippines, and Coca-Cola reportedly sells 14 sizes in Mexico to...