Dairy Industry executives focus on Sustainability and Innovation in 2024. Milx Technology leads by reducing packaging, shipping, and storage costs across the dairy supply chain with first-ever fluid milk super-concentrate.
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Good eye Karun Kaniyamattam, Sustainability top of mind for dairy executives moving further in 2024. "A path to net zero, including measuring and addressing Scope 3 emissions, is complex. Meeting the dairy industry’s goal of net zero by 2050 will require industry-wide alignment and meaningful actions, such as working with farms to reduce emissions via initiatives like manure management or novel feed additives. Companies can help push the industry forward by building out transparency and measurement capabilities, such as via integrated enterprise resource planning systems (ERPs). The forces pushing sustainability in the industry include consumer preferences, shareholder and lender pressure, and regulatory action. Companies should carefully track shifts across these dimensions and stay ahead of trends and requirements." https://lnkd.in/dSn3f7vn #dairy #sustainability #cattle #mckinsey Kendra Kissane Michele A. Andrew Lentz Jacquelyn Prestegaard-Wilson Jesse Hoff Jessica Gilreath Harry Kamilaris
What is top of mind for dairy executives in 2024?
mckinsey.com
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Conscious supply-chains and responsible production are critical to make it possible to scale our current global food system. Deloitte have highlighted that "product certification and technologies that enable track and trace of the value chain can help capture added market value associated with sustainable production practices across the whole chain". How is your business meeting the challenge to address the growing need for conscious supply-chains? Trust Codes Global have a suite of options to support you. A few great examples in the article from Danone, Cargill, Syngenta. #sustainablesupplychains #traceability #sustainability #foodsystems https://lnkd.in/g9cger5X
Future of Food: Responsible Production | Deloitte Netherlands
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For #food companies that have made public #carbon reduction commitments or need to report #sustainability #data to customers or regulators, carbon footprinting at the product level is key. But if you’ve relied on traditional #LCAs or in-house resources in the past, how do you scale up #carbonfootprints to your full portfolio in a cost-effective way without losing precision? HowGood has spent the last 17 years working on this question with many of the world’s leading food brands and has put together a webinar on November 9th to share lessons from this journey and the results of its partnership with one of the world’s leading food ingredient suppliers - Ingredion Incorporated. Featuring Brian Nash, VP of Corporate Sustainability at Ingredion, and João Brites, Director of Growth & Innovation at HowGood, this interactive webinar is for any food company looking to next-level their carbon footprinting, covering: 🍃 Why food companies are investing in carbon footprinting 🛠 Tools to calculate product carbon footprints across different use cases 🚧 Barriers for calculating product carbon footprints - and how to overcome them https://lnkd.in/e3TaM53U
Mastering Carbon Footprinting Automation at the Enterprise Level
eventbrite.com
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Big names in food and ingredients are partnering with ag innovators to help clean up the supply chain. Earlier this year, Fast Company named “The 10 Most Innovative Companies in Agriculture of 2023,” emphasizing contributions to sustainable and ethical practices, and mentioned collaborations with Cargill, PepsiCo, General Mills, Unilever, Tyson, and Perdue, to name a few.* Not only is this great PR for these companies, these collaborations also invest in longevity of the supply chain AND reflect consumer interest. To learn more about consumers’ thoughts and actions around sustainability and the environment, ask about our global report Sustainability: The Planet Health/Personal Health Connection by emailing us at: info@healthfocus.com *https://lnkd.in/gGZqNAfG #consumerinsights #sustainability #environment
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Corbion publishes results for the first nine months of 2023. Commenting on today's results, Olivier Rigaud, CEO, stated: “We delivered organic sales and Adjusted EBITDA growth in the first nine months of 2023, demonstrating the underlying strength and resilience of our business. This was achieved in a particularly challenging and volatile macro-economic environment. In Q3, we have experienced similar volume/mix growth dynamics as in Q2 and margins went up slightly. In Sustainable Food Solutions, the growth was driven by pricing. This growth has been partially offset by a decline in sales volume attributed to customer destocking and a relatively subdued end-consumer market. We are pleased to note that we are seeing continued growth in our product/market adjacencies like dairy stabilizers, anti-oxidants and natural mold inhibitors. In Lactic Acid & Specialties, we continue to experience a temporary slowdown in some markets, such as PLA, semiconductors, and agrochemicals, where we also saw destocking taking place. Our biomedical business continues to perform extremely well. The Algae Ingredients business delivered outstanding progress in sales growth in aquaculture, next to expanding our product pipeline and portfolio for the pet food and human nutrition markets. As anticipated, we are delivering a positive free cash flow as from Q2 driven by enhanced operational efficiencies, ongoing efforts in optimizing working capital and strict capital discipline. Whilst we remain confident in our favorable longer-term growth outlook, we anticipate the increasingly challenging and volatile geopolitical and macro-economic environment to continue into next year. To address this, we plan to introduce a comprehensive set of initiatives in 2024 focusing on a significant free cash flow delivery and leverage reduction.” Read the full press release at https://lnkd.in/ebPZ7gJz #preservewhatmatters #pressrelease
Corbion: Q3 2023 Interim Management Statement
globenewswire.com
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📅 Ready for a brief Q&A with Cargill that will be a part of our 2nd Sustainable Packaging Forum - https://bit.ly/484BNQ3? 📦 🌱 What are the tangible actions that Cargill is taking to contribute to reducing the environmental impact of paper and board production, compared to traditional materials? Cargill is a market leader in 🌽🌾 starch production from corn and wheat. Starch, as such, is a bio-based product already featuring as the third most important raw material in papermaking. 🔄 Our focus to improve the sustainability profile of the production process and supply chain, together with sustainable sourcing of corn and wheat and the development of new starch-based solutions as alternatives to oil-derived raw materials, can all positively help the industry to reduce the environmental impact. 🌍♻️ 🎯 To achieve sustainability targets, it is important to have full value chain collaboration. What additional steps or measures do you believe are necessary beyond collaboration to successfully reach these targets? At the heart of our sustainability strategy are the people who help nourish the world – our employees, farmers, customers, and agricultural communities. 🌟 They are the reason behind our efforts to build a more equitable, inclusive, and resilient system – one that creates income and opportunity for the people who make it all possible. Our five critical areas of focus are: Health and safety, Diversity, Equity, and inclusion, 📚 Training and development, Human rights, Farmer livelihoods.
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In case you missed it, last week we hosted a webinar ‘The Business Case for Company Action in Production Landscapes: Charting the Path Forward’. Hosted in collaboration with Evidensia, the webinar explored the evolving business case for companies to collaborate with other stakeholders to achieve sustainable land use practices at scale in production regions. Speakers from Jerónimo Martins, IDH, and Unilever also shared their experiences and lessons learnt from collaborating with stakeholders at landscape-scale. Watch the recording here: https://lnkd.in/eRGqmkmt #deforestation #sustainability #landscapeapproach #jurisdictionalapproach #supplychain
The Business Case for Company Action in Production Landscapes: Charting the Path Forward - JA Hub
https://jaresourcehub.org
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HighGround Dairy's Global Dairy Outlook Conference in Chicago set a record with nearly 110 attendees. Key discussions covered the current lending landscape, production challenges, and significant future investments in dairy processing. Sustainability and efficiency remain crucial, with $7 billion in new processing plants projected. Read the full post for detailed insights on market trends and expert perspectives: https://bit.ly/4bx63Um
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The food industry is close to my heart. With climate change, food waste, sustainable sourcing, cost inflation, hunger vs overconsumption depending on where you are born etc., there are several challenges the supply chain teams need to face. And the consumers are more and more demanding companies and brands to proof how they are contributing to a better planet. In this article you can find some moves the food supply chain are undergoing to contribute to a healthier world for all.
From the redefinition of food production to what the future may hold, this article covers it all. Explore the impact of smart harvesting, new partnerships, alternative ingredients, supply chain traceability, and more. Special thanks to Dennis De Clerck for sharing his experience; and to Alexandra Craciun and Charles Ghesquiere for all the research & critical reflections! #deloitte #futureoffood #supplychain https://lnkd.in/eZbqWRSD
Innovation on the menu: Practical solutions for food supply chains | Deloitte Belgium
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Responsibility is not just another topic among many. It is the issue of the future that affects us ALL. 🌎♻️ The #foodandbeverageindustry and its suppliers are committed to their responsibility as part of the entire production, packaging and logistics process. Together, strategies and concepts are being developed for the responsible use of resources. Which #ESG issues are you already implementing and how? Let's talk across industries, share our experiences and knowledge to develop more ideas and solutions that are the engine for innovations that make us ALL even better. Are you with us? Meeting place: Anuga FoodTec 2024 More info at: https://lnkd.in/e-EQ-iyU #Responsibility #GreenDeal #SustainableTradeFair #SustainableGrowth, #AnugaFoodTecMagazine #AnugaFoodTec
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