Mondelez International is one of the world’s largest snack and confectionery companies, founded in 2012 as the snack division of Kraft Foods. The company operates in more than 160 countries worldwide. Some of its most well-known brands include Oreo, Cadbury, Toblerone, Milka, Chips Ahoy!, BelVita, and many others. (en.wikipedia.org)
🌍 Key Information
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Headquarters: Chicago, USA
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Employees: Approximately 90,000 (as of 2024)
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Annual Revenue: $26.5 billion (2024)
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Market Capitalization: $84.2 billion (forbes.com)
🍪 Key Brands
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Oreo — One of the most famous cookie brands globally.
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Cadbury — A well-known British chocolate brand.
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Toblerone — Famous triangular-shaped Swiss chocolate.
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Milka — A popular European chocolate brand.
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Chips Ahoy! — Famous cookie brand in the United States.
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Clif Bar — Organic energy bars.
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BelVita — Breakfast biscuits.
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LU — French biscuit brand.
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Côte d’Or — Belgian chocolate brand.
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Tang — Powdered drink mix. (en.wikipedia.org)
💡 Innovations
Mondelez is leveraging artificial intelligence to accelerate the development of new products. Since 2019, the company has been using a tool developed by Fourkind, which allows them to create new snack recipes 4-5 times faster than traditional methods. This approach has led to the development of over 70 new products, including the Gluten-Free Golden Oreo. (nypost.com)
⚠️ Criticism and Issues
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Child Labor: In 2021, Mondelez faced a lawsuit from eight former child slaves from Mali, claiming that the company helped exploit child labor on cocoa plantations in Côte d'Ivoire. (en.wikipedia.org)
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Environmental Issues: In 2017, a Mighty Earth investigation found that Mondelez and other large chocolate companies were involved in illegal deforestation for cocoa production in national parks in Côte d'Ivoire and Ghana. (en.wikipedia.org)
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Operations in Russia: After Russia’s invasion of Ukraine in 2022, many international companies reduced or stopped operations in Russia. However, Mondelez continued its operations in Russia, leading to boycotts and criticism. (en.wikipedia.org)