In a just released report titled “Chocolate’s Dark Secret,” Mighty Earth, a global environmental campaign organization, claimed that 90 percent of protected national parks in the Ivory Coast have been deforested for growing cocoa while Ghana was undergoing a similar process.
In pointing out that the global business supply chain is “broken,” Mars CEO Grant Reid said business needs to lead “transformational change” in order to tackle the most urgent threats facing the planet and its people.
The company is focused on improving its environmental sustainability, strengthening local communities, providing children with the nutrition they need to learn and grow, responding to consumers’ desire for greater transparency and simple ingredients, and offering an engaging and flexible workplace for its employees.
Environmental advocacy group Greenpeace has suspended its campaign against palm oil supplier IOI Group after the Malaysian firm announced a commitment to address deforestation and exploitation in its supply chain.
With all the recent gyrations going on in the confectionery industry, I thought it might be wise to get some outside perspective. Periodically I get a publication called U.S. Talking Points from Rabobank, written by senior analyst Nick Fereday. It’s essentially a brief on recent events affecting the food and beverage industries, peppered with Fereday’s observations.