Adding. premium. cookies. to its product rànge. Cremica has. just. followed what other biscuit manufacturer has done ie premiumization of biscuits . Customer are ready to spend on indulgence with distinct taste and flavour .
Competition comes from Good Day of Britannia , 20 -20. from parle ,Mom magic of ITC.
Golden Bytes. From Cremica
WALKERS BISCUIT
I could buy Walkers biscuit of Scotland through. neighbourhood super market
Taste. was. delicious, crunchy Do lay hands on Walkers biscuit
Impact Of GST On Bakery Industry
A complicating topic even for the
government…
This is the reason why, the
government have decided to unify it as a single entity.
Single taxation system
GST, abbreviated as Goods and
service tax was initially introducedduring the budget session of 2007–08, which
finally came into existence last month.
All forms of indirect taxes were
abolished and a single taxation system was implemented.
People gave a mixed response
since they were not aware of the fact it would impact on the economic
development of our country.
Earlier, we pay Entertainment tax
for watching a movie and VAT (Value added tax) on purchasing goods and
services. Apart from all these taxes, there are many other diversifications
such as excise duties, import duties, luxury tax, central sales tax, service tax,
etc.
Bakery Industry post-GST
While bread has been exempted
from GST, biscuits have faced a uniform 18 percent tax that would have a huge
impact on the bakery industry. Pre-GST, the biscuits were priced at the range
of 70-700INR per kg. But after GST, the condition has worsened.
If sellers try to sell biscuits
below 100INR, it would result in levitation of tax percentage. Though it might
be beneficial to the end users, the service providers, here I mean the bakers
and suppliers would get affected at a larger rate.
18% GST
All categories of biscuits, flavored
refined sugar, pasta, cornflakes, pastries and cakes, come under the 18% GST.
The confusion
Though it is clear that the bread
is not taxable, it is a vain for the bakers that the same bread is 12% taxable
when it takes another form, such as Vada-Pav or sandwich. Here starts the
confusion. Even the common men would be confused on the taxable and non-taxable
goods.
Conclusion
Only if there is an awareness
created, the public would discover the positivity. And also, the bakers must be
given proper knowledge on what exactly is GST.
Whole Grain Bread, A Better Alternative To Classic White Bread
Atta bread,
also known as whole grain bread is now trending amongst health-conscious
Indians. This has replaced white or brown bread on a large scale.
The flavor of
wheat is loved by Indians, since it has been the historic staple food for
Indians. The addition of wheat to bread gives it a lot of fiber and also makes
you feel satisfying. Also, one could lower the risks of getting heart attack by
consuming whole wheat bread instead of normal classic white or brown bread.
Wheat bread in India
When you
have a deep look into the health consciousness and awareness level of Indians,
it is a pity to know that we Indians are addicted more towards white bread for
its taste and forget about the goodness of Atta bread.
If and only
the doctors advise or if they really are diet and health conscious they choose
wheat bread over white bread.
Dietary fibre percentage
In
comparison with maida, atta is definitely a better choice since it has more
dietary fibres compared to atta. Also, it normalizes bowel movements, lowers
blood sugar and cholesterol levels.
Exploring deep inside
Whole wheat
flour includes three layers of grain, such as bran, germ and endosperm.
Whereas, refined flour consists only the endosperm.
Also, whole
wheat flour has more fibre and phytochemicals that reducesrisk of cancer, heart
disease, diabetes.
Other things to note
One must
note that wheat might be sensitive on certain types of skin and it may lead to
allergy or sometimes an auto immune disorder (Celiac disease). So, it is always
better to take a test before consuming wheat and wheat related products that
are rich in gluten.
Toxic chemicals found in normal bread
After a
research, it has been found out that, chemicals such as potassium bromate and
potassium iodate, that is used to treat baking flour could lead to cancer.
Almost 40 countries have banned the usage of these harmful chemicals in bread.
Pathetically,
this is not the case in our country. So, we must be choosy about the food we
eat. Always, it is better to choose healthy one over delicious one.
Britannia To Venture Offshore To Increase Market Share
India’s most
favorite Britannia works on devising a magical business tactic to capture the
hearts of offshore residents by setting its foot into several countries.
Britannia
Our love for
Britannia is indescribable. We all would have, at any point of time in our life,
developed an intense crush with each and every product of Britannia starting
from ‘Little hearts’ till smiley ‘Milk Bikis’.
Britannia
aims to fulfill the requirements of its audience more than they actually expect.
Basically it wants to project itself as a food industry rather posing as a
bakery industry with a wide range of cheese spread, cubes, milk, skimmed milk,
etc.
Consolidating
the annual report, it is believed that Britannia acts as a major growth driver
in dairy by selling value-added products like cheese, dahi and milk based
drinks.
Target nations
Britannia
would primarily target the countries that are at the stage of development and
is expected that it would contribute around 14-15 per cent of its turnover in
the next 4-5 years.
1000 crore plant in Maharashtra
Also the
company is planning to expand its portfolio in India by diversifying the range
of products and increasing the product price likely. A huge plant will be set
up in Maharashtra that would cut off the production cost of products.
The Nepal invasion
Recently it
has signed a 10 year technical collaboration with the famous Nebico Pvt. Ltd.,
a Nepal company and has decided to intrude the taste buds of Nepalese. The
investment is worth 55 crores and is planned to increase even more in the
upcoming years.
Overseas ventures
Britannia
entered the Lankan market in the year 2008, after launching a range of biscuits
under the brand name Britannia Lanka. It has finally decided to put an end to
its 'unviable' Sri Lankan operations due to its financial loss.
After an
adverse economic impact, the West Asia business started to face a severe
downfall in UAE, where Britannia has quite sizeable presence.It has an unit in Oman catering Gulf countries.
Even after
facing all these challenges, Britannia came back with a bang with its marketing
strategy and made significant brand investments. This thereby strengthened its
competitive position in the global arena.
Source: Various news magazine
Mondelez To Have A New CEO
Mondelez has decided to appoint Dirk Van de Put, ex-CEO of
McCain Foods, as a successor to Irene Rosenfeld in the position of CEO from
November 2017.
Reports say that Rosenfeld would continue as chairman of the board until March 31, 2018. After which Van de Put
would take charge and assume the role of chairman and CEO.
The new CEO!!
So, who is this Dirk Van de Put!!
What was he doing before?
Let’s see…..
Since 2011, Dirk Van de Put has been the CEO and President
of McCain Foods Limited. Earlier, he served as Executive Vice President of
Fresh Dairy Products and as President of the Global Over-the-Counter. Prior to
that, he served as President of the Caribbean division of The Coca-Cola
Company.
Mondelez - Brand
story
Boasting to be world’s second largest confectionery, the
Mondelez International has net revenue of about $26 billion in the previous
year.
Each and every person in this world would admit that he/she
has an intense crush on any of Oreo, Cadbury, Dairy milk, Milk, Toblerone , Bellvita
biscuits, and others.
This clearly illustrates that Mondelez has a very strong
portfolio that has helped it to maintain a strong position in the snack empire.
Today, around 165 countries, enjoy the delicacies from
Mondelez – be it biscuits, chocolate, gum, candy powdered beverages etc.
Also it is a proud member of the Standard and Poor's 500,
NASDAQ 100 and Dow Jones Sustainability Index.
Let us now have a quick recap of who Irene is!!
Who is Irene Rosefield?
One of the most powerful and highly paid women in business,
Irene Rose field is currently the head of Mondelez, who will continue in her
position till the end of 2018.
During her childhood days, she aspired to become the
president of United States, but ended up being the head of Mondelez.
True that she played a pivotal role in steering up the brand
image of Oreos, Trident and Ritz. She
was also responsible for
splitting of Krafts
business into two firms one
Mondelez and other Kraft – Heinz
for American market . Take
over of
Cadbury has been her most applauded move .
A small drift
Rosenfeld shifted firm's Oreo factory from Chicago to
Mexico, for which workers protested. The company reported a drop in quarterly
sales which caused a delay in shipping and invoicing.
Conclusion
Would he be able to lead the company, like his predecessor?
Let us wait and see…..
Parle Launches Fusion Cookies
Innovative products
would be the mantras for biscuit manufacturers to have healthy bottom lines .
Following this principle Parle has launched Fusion Cookies in its Happy Happy brand . Its has unique combination two types of dough . It has been targeted towards teens and kids , with attractive packaging , colors and flavors it should definitely make a niche . Similar attempt has been made by Mondelez -Kraft with bournvita cookies .
would be the mantras for biscuit manufacturers to have healthy bottom lines .
Following this principle Parle has launched Fusion Cookies in its Happy Happy brand . Its has unique combination two types of dough . It has been targeted towards teens and kids , with attractive packaging , colors and flavors it should definitely make a niche . Similar attempt has been made by Mondelez -Kraft with bournvita cookies .
Mexican Grupo Bimbo All Set For Indian Venture
Indians, prepare your taste buds to experience the real
flavor of Mexican pastry.
Grupo Bimbo, leader of world baking industry is all set to create
a niche in the Indian markets. Recently, they have signed a joint venture
agreement with the country’s leading baker Harvest Gold .
Harvest Gold
Founded in 1993, promoted by Mr Adil Hassan , chemical engineer by profession . The first bread plant was set up in Bhiwadi , Rajasthan with initial invest ment of Rs 1.0 Crore .This baking company has set a benchmark for
itself with its un compromising product quality. Very much popular in the areas
surrounding the peninsular capital, Delhi, Harvest Gold has already other associates such as Ready Roti India, Food Magic India, Rhodanthe Foods and Mindscape One marketing . Annually, the
company has a turnover of about USD 48 million. More than 500 associates are
involved in the production of packaged bread, pizza bases, sweet and savory
buns.
Group Bimbo - a quick
intro
Present in almost 24 countries in America, Asia, Africa and
Europe, Bimbo has more than 13000 products to its credit. Considering the
aspects of brand positioning in terms of volume and sales, Bimbo has been an
indisputable leader in Mexico, Latin America and the United States.Owns around 100 brands world over
Ready, Steady, Go
Now, it is all set to create portfolio in the land of rich
culture by holding 65% stake with Harvest Gold India Private limited worth Rs 340 crore .
What’s the use?
By this joint venture, Indian taste buds are sure to
experience an authentic Mexican delight. Also, the company gets to enter a new
market and capture the hearts of Indians, in line with the vision of the
company.Its first of any takeover where an mnc has bought stake in Indian bread manufacturing unit.
The happy news is that, Harvest Gold will soon be a part of
the Organization Europe, Asia and Africa.As per a recent research report, the
Indian bread industry has increased to 9% in three years and has an estimated
value of INR 3300 crore. In the next five years, the industry might grow at a
CAGR of 10%, which would yield a turnover of INR 5300 crore.Major player in bread industry are Britannia Industries Ltd and Modern Foods .
News source : Various business magazine
Packing Trend For Bakery Products
We have seen significant change in packing ideas for bakery products from sandwich boxes to Jars for mini cupcakes to tin biscuits Twist n tie for breads etc .Bio- degradable paper bags , Fancy carry bags , Printed home delivery bags etc
Not to search too far just visit one of the neighborhood bakeries and see it for your self the packaging trend for bakery products .
Not to search too far just visit one of the neighborhood bakeries and see it for your self the packaging trend for bakery products .
Britannia Brings Biscotti -Cake As Biscuit
Biscotti from Britannia Industries ltd |
Cadbury.s Bournvita Biscuit
Now Bournvita Biscuits |
Initial packs size are Rs 10/- and Rs 25/-
Concept is good even I had tasted this biscuit and is have Bournvita unique flavour in Biscuits.
Targeted for kids and youth to keep it close for any time snack.
Competition comes from Britannia Nutri choice - family of biscuits such as oats , digestive etc .
Lessons For Bakeries From Maggi Fiasco
Maggi fiasco has been eye opener for food operators who have been taking lightly the powers /provisions of food regulator and law.
Bakeries must take lessons from entire episode where Nestle has to make loss worth Rs 400 crore on product recall , worth thousand of rupees on destroying these recalled packs . Not to mention the sale loss and worst the consumer trust .
Nestle was found to be violating two critical laws
1. Misleading Labelling - No MSG
Harmful impact of Mono sodium Glumate it might result into Headache , Sweating , Numbness, Nausea etc
2. Excess of Lead presence in the Maggi
Excess lead consumption might result into decreased growth of muscle and bones . Lead also hamper child brain development
Bakeries to take note of following
Manufacturer /Producer
Nestle is this case has shown slow response to the reports coming out with different corners of the country were samples were checked and MSD and Lead presence were confirmed above permissible limits .
Over confidence over its own lab and test procedures has let them down .
Its surprising that the systems adopted by Food operators needs to be validated by third party/Independent authorities in time to time
Interpretation of laws in their own way . Nestle claim to that noodles and masala maker are one complete set was erroneous
Regulator
Its surprising that for last 30 years the govt labs /officials
has never warned or issues warning to Nestle on MSD or Lead presence over the permissible levels
Before banning the Maggi govt officials should have given chance to company to show case its defence for the violations
Banning entire products from production in arbitary would have not stood the courts of the land
Establishing Labs for tests and validation which need to be created near vicinity of production /manufacturers areas .
Consumers
Consumers need to be alert on their favorite food products especially the packaged food on following front.
More care need to be taken for products meant for Kids and Children .
Critical aspects on Food labels
Shelf life
Ingredients
Allergen
Taste /Odour
Dangerous ingredients - eg Lead
Bakeries must take lessons from entire episode where Nestle has to make loss worth Rs 400 crore on product recall , worth thousand of rupees on destroying these recalled packs . Not to mention the sale loss and worst the consumer trust .
Nestle was found to be violating two critical laws
1. Misleading Labelling - No MSG
Harmful impact of Mono sodium Glumate it might result into Headache , Sweating , Numbness, Nausea etc
2. Excess of Lead presence in the Maggi
Excess lead consumption might result into decreased growth of muscle and bones . Lead also hamper child brain development
Bakeries to take note of following
Nestle-Maggi |
Manufacturer /Producer
Nestle is this case has shown slow response to the reports coming out with different corners of the country were samples were checked and MSD and Lead presence were confirmed above permissible limits .
Over confidence over its own lab and test procedures has let them down .
Its surprising that the systems adopted by Food operators needs to be validated by third party/Independent authorities in time to time
Interpretation of laws in their own way . Nestle claim to that noodles and masala maker are one complete set was erroneous
Regulator
Its surprising that for last 30 years the govt labs /officials
has never warned or issues warning to Nestle on MSD or Lead presence over the permissible levels
Before banning the Maggi govt officials should have given chance to company to show case its defence for the violations
Banning entire products from production in arbitary would have not stood the courts of the land
Establishing Labs for tests and validation which need to be created near vicinity of production /manufacturers areas .
Consumers
Consumers need to be alert on their favorite food products especially the packaged food on following front.
More care need to be taken for products meant for Kids and Children .
Critical aspects on Food labels
Shelf life
Ingredients
Allergen
Taste /Odour
Dangerous ingredients - eg Lead
Parle Rebrands Marie Into " BakeSmith "
parle-bakesmith |
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