Articles Tagged with ''food and beverage companies''

Archer Daniels Midland Company reported a strong profit for its Q2, strengthened by its nutrition and agricultural services divisions.

Despite reporting a 28% decline in its second quarter, it also witnessed considerable improvement in global sales volume as lockdown eased.

Mars announced that it would be reviewing its Uncle Ben’s brand in response to the protests against systemic racism worldwide.

Tyson Foods was also under scrutiny this year when officials revealed that more than half of the workers at its Perry plant in Iowa tested positive with Covid-19.

JBS has found itself at the center of coronavirus-related controversies in 2020.

AB InBev, the Belgian-Brazilian multinational drink and brewing company which owns brands including Budweiser, Stella Artois and Beck’s, took a $2.5 billion write-down in the value of its African operations due to market risks, as its Q2 earnings were significantly hit as a result of the Covid-19 pandemic.

Holding a firm second position, PepsiCo reported a 3.1% decline in net revenue in its second quarter results, yet admitted it has continued to see "resiliency" in its global snacks and food business.

Clinching the top spot once again is Nestle; however, the Swiss food giant was not immune to the impacts of the Covid-19 pandemic this year.

Having honest and direct communication about what is and isn’t working is the difference between success and failure.