Kellogg company news
Here are some recent news articles and updates from the Kellogg Company:
Recent News
- Kellogg Company Reports Strong Q2 Results: In July 2022, Kellogg Company reported its second-quarter results, which showed a 12.1% increase in net sales and a 15.1% increase in operating profit compared to the same period last year. (Source: Business Wire)
- Kellogg Company Acquires Majority Stake in Majority in Daxue Foods: In June 2022, Kellogg Company announced that it had acquired a majority stake in Daxue Foods, a leading Chinese snack food company. (Source: PR Newswire)
- Kellogg Company Launches New Plant-Based Breakfast Options: In May 2022, Kellogg Company launched a new line of plant-based breakfast options, including a plant-based version of its iconic Frosted Flakes cereal. (Source: Food Business News)
- Kellogg Company Partners with Food Banks to Support Food Insecurity: In April 2022, Kellogg Company announced a partnership with Feeding America, a leading hunger-relief organization, to support food banks across the United States. (Source: PR Newswire)
Recent Developments
- Kellogg Company's Restructuring Efforts: In 2020, Kellogg Company announced a major restructuring effort, which included the sale of its cookie and fruit snack businesses, as well as the elimination of 1,400 jobs. The company is continuing to implement its restructuring plan, which is expected to result in cost savings of $1.4 billion by 2023.
- Kellogg Company's Sustainability Efforts: Kellogg Company has set a goal to reduce its greenhouse gas emissions by 50% by 2030 and has committed to using 100% renewable electricity in its operations by 2025. The company is also working to reduce food waste and increase the use of sustainable packaging materials.
- Kellogg Company's Digital Transformation: Kellogg Company is investing in digital technologies, including artificial intelligence and machine learning, to improve its supply chain efficiency, customer engagement, and product development processes.
Recent Awards and Recognition
- Kellogg Company Named One of the World's Most Ethical Companies: In 2022, Kellogg Company was named one of the World's Most Ethical Companies by Ethisphere, a leading ethics and compliance research organization.
- Kellogg Company Wins Prestigious Packaging Awards: In 2022, Kellogg Company won several packaging awards, including the prestigious DuPont Awards for Packaging Innovation, for its innovative packaging designs and sustainability initiatives.
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