FMCG News

  1. Nestle in trouble! Two special formula milk powders were put on the CFDA blacklist. The CFDA announced the list of unqualified foods for special medical purposes. According to the announcement (No. 111 of 2017), 157 samples passed, 3 failed. According to national food safety standards, if any item fails, the product is judged as unqualified. Nestle's two special medical purpose infant formulas were on the list. The specific unqualified products and reasons are shown below: Nestle responded: Sales stopped and recall initiated.
  2. Domineering! Soy milk beverage with 'fire' as the theme; to make the market, this heavyweight new product spends 300 million yuan! Beidahuang, which owns millions of acres of non-GMO Northeast soybean planting base, is known as the 'giant' of the domestic soybean industry. This strong attack on the soy milk beverage market is widely optimistic. It is reported that in order to grow bigger and stronger faster, 'Beidahuang' Northeast soy milk is ambitious, planning to invest 300 million yuan to operate the market!
  3. Nongfu Spring invests 660 million yuan in China Gannan navel orange industrial park project. After Nongfu Spring invested heavily in the navel orange processing Xinfeng factory in Jiangxi Province and completed production at the end of 2016, recently, Nongfu Spring and Xinfeng County People's Government signed a cooperation agreement on investing in the China Gannan navel orange industrial park project. It is understood that the navel orange planting base of the China Gannan navel orange industrial park project is located in the core area of Gannan navel orange in Anxi Town, covering an area of about 5,000 mu. The area includes high-standard navel orange planting demonstration garden, navel orange culture museum, navel orange industry postdoctoral workstation, glass greenhouse planting garden, and net house planting garden, with fixed asset investment of about 220 million yuan. To extend the industrial chain and support it, Nongfu Spring Co., Ltd. will invest 40 million yuan this year to add an advanced fresh fruit automatic sorting line at the Nongfu Spring Xinfeng factory; at the latest by the end of July 2019, it will invest another 300 million yuan to build an internationally advanced aseptic filling juice beverage production line and put it into production; invest 100 million yuan to build a forest industry deep processing (including food packaging) production line. The total investment in the above projects is about 660 million yuan.
  4. To reverse the decline of beer, domestic enterprises unite to formulate draft beer standards. According to 21st Century Business Herald, at the 'China Beer New Culture International Summit and China Pure Draft Beer 20 Years Development Forum', Zhujiang Beer will jointly study and formulate pure draft beer standards with China National Research Institute of Food and Fermentation Industries, Yanjing Beer, Tsingtao Beer, China Resources Snow Breweries, AB InBev, Carlsberg, etc., to promote the healthy development of the industry. According to the latest data from the National Bureau of Statistics, from January to May this year, China's beer output was 17.587 million kiloliters, down 0.7% year-on-year. Since 2014, China's beer output and per capita consumption have been declining. Industry statistics show that last year, China's beer output was 41.4167 million kiloliters, down 3.7% year-on-year; total beer consumption was 41.772 million kiloliters, down 3.5% from the same period in 2015. 'China's beer industry has a cultural shortcoming. The current beer culture in China is almost a copy and imitation of Western countries, without its own Chinese-style beer culture.' Wang Yancai, chairman of the China Alcoholic Drinks Industry Association, believes that China's beer industry cannot always be a follower and imitator. To achieve transcendence, it must establish its own cultural model, and its own local culture is the only tool to improve consumption stickiness and realize product value.
  5. Mizone sales reached 5.5 billion yuan in the first five months. The '2016 Annual Beverage Industry Overall Operation Report' released by the China National Food Industry Association shows that last year, the retail sales of beverages in China reached 217.5 billion yuan, a year-on-year increase of 10.5%, but the growth rate fell by 4.3 percentage points from the previous year. The market share of tea drinks, functional drinks, and healthy drinking water is increasing year by year. In view of this, sports drinks are attracting brands to swarm in. According to incomplete statistics, there are currently more than ten brands such as Mizone, Scream, Gatorade, and Pocari Sweat crowded into the sports drink market, and the market competition is fierce. According to research data released by market research firm Nielsen, as of May 2017, domestic sports drink sales revenue reached 12.347 billion yuan, and Danone's Mizone ranked first in the market, with sales exceeding 5.5 billion yuan, accounting for more than 40%. Corporate Headlines
  6. Yili and JD sign strategic cooperation agreement, planning to achieve 10 billion sales target. Yili Group (600887.SH) and JD Supermarket signed a new strategic cooperation agreement. The two sides will cooperate to help Yili achieve cumulative sales of more than 10 billion yuan on the JD platform from 2017 to 2020, with a compound annual growth rate of 66%. According to the agreement, Yili and JD Supermarket will cooperate in the following four aspects: In terms of product customization, the two sides will jointly create JD-exclusive supplies of high-end products. In addition, Yili will select core new products to launch on JD Supermarket every year. In terms of channel co-construction, Yili will explore cooperation with JD's offline convenience stores and expand overseas markets at appropriate times. In terms of logistics data, the two sides will jointly establish a collaborative warehouse to open up supply chain and product inventory to respond to more flexible user needs. In terms of brand marketing, Yili will focus on resource exchange in the food and maternal and infant categories, participating in the 'East Link Plan' and 'JingTeng Plan'; the two sides will create a super brand day every year and a large joint marketing activity every quarter, including IP cooperation, cross-category joint marketing, etc., to bring consumers a personalized, high-quality shopping experience.
  7. Yum China expands board of directors; 'outstanding executive' President Joey Wat joins the board. Yum China announced an expansion of its board of directors from 9 to 12 members. It is worth noting that Joey Wat, who was appointed President and COO of Yum China in February this year, has now successfully joined the board. Yum China, spun off from Yum Group, has exclusive operating rights for KFC, Pizza Hut, and Taco Bell in mainland China, with more than 7,600 restaurants in China. According to an announcement by Yum China tonight, Wang Yang, founding partner of Primavera Capital Group, and Joey Wat were appointed as board members, effective immediately. It is reported that among the 12 members of Yum China's board, 9 are independent directors. The following is the list of Yum China's board of directors as of February 28, 2017. Yum China's announcement quoted non-executive chairman Hu Zuliu as saying that Wang Yang will bring his 'in-depth understanding of the Chinese market and insights into investing in that market,' while Ms. Joey Wat, as an 'outstanding executive' of Yum China, will bring her deep insights in operations to the board. The announcement also quoted Yum China CEO Micky Pant as describing the two as 'rare talents in the Chinese business community.'
  8. JD's first unmanned convenience store appears in Zhijiang. Located on Park Road in Zhijiang City, the JD unmanned convenience store is named 'JD Nangufu Scientific Research Store.' It was co-founded by Zhijiang native Song Huabo and JD's Zhijiang station. Currently, it sells snacks, beverages, daily necessities, etc., with more than 90% supplied by JD. This unmanned convenience store covers an area of about 15 square meters. Customers follow the prompts to follow the WeChat official account, scan the QR code to enter the store, self-select, and pay online to complete the purchase. The entire process is self-service, no one disturbs, and no cash is needed. As of yesterday, the store's 13-day turnover was nearly 5,000 yuan, averaging more than 300 yuan per day.
  9. COFCO Group's total profit in the first half of 2017 increased by 112% year-on-year. According to COFCO Group yesterday, in the first half of 2017, the group's overall operation was good, with operating income of 216.12 billion yuan, a year-on-year increase of 7%, and total profit of 5.51 billion yuan, a year-on-year increase of 112%. On the basis of successfully being promoted to A-level enterprise last year, the group's scale and efficiency have further improved, and the results of quality and efficiency improvement have emerged, laying a solid foundation for achieving the annual goals.
  10. Injecting food industry into catering industry; Sanquan Foods enters the 150 billion yuan breakfast market. According to Yicai, Sanquan Foods Chairman Chen Nan said that he hopes to use the supply-side reform of food enterprises, that is, combining the standardization and scale advantages of food industrialization with the catering industry, to produce standardized breakfast meals on a large scale and enter the breakfast group meal field. 'The reason for choosing the breakfast group meal market is that the procurement volume of group meals is larger and the market is more concentrated. The group meal market has a share of 1 trillion yuan, of which 15% is the breakfast market, with a capacity of 150 billion yuan. First develop the group meal market well, then plan other markets.' Creative Thinking Space Why did you post this photo of him? But he let me take it. He trusts you. But it's funny. Do you know what the consequences will be? Maybe because of this photo, classmates will laugh at him, then his mood will be low, he will become self-isolated, be excluded at school, have personality deviations, bully classmates, then go on to kill and rob, crazily develop chemical weapons, and finally lead to the fall of Taipei... Ah, is it that serious? Then what about this one? Children's League X Google Children's Internet Plan Book Advertisement -END-