The International Cocoa Initiative (ICI) has identified 14,986 child labor cases on the cocoa farms in Côte d’Ivoire and Ghana since 2012, but warned the reality could be a lot worse.
Hershey increased the percentage of its sustainable cocoa beans to 75% and reduced its packaging waste by 18.5 million pounds, or 74%, in 2017, according the company’s latest corporate social responsibility report.
The National Confectioners Association (NCA) has named the most innovative product award winners of 2018 at the Sweets and Snacks Expo in Chicago (May 22-May 24, 2018).
Hershey is rumored to be selling Golden Monkey to China’s state-owned food processing company COFCO as early as next month, but it has declined to comment on the speculation.
Hershey’s CEO Michele Buck recently said the US snacking market, especially the categories the company participates in – confections, salty snacks and meat snacks – remain robust.
Susquehanna International Group (SIG) said the robust chocolate industry will likely turn Hershey’s business around later this year even though the company is among ‘the worst performing CPG stocks in the last three months.’
Hershey will release its first edible glitter-sprinkled gum in the US under its Ice Breakers brand starting April 15, 2018, as it believes the sparkle trend will sweep the food industry in 2018.
Mintel says mass produced chocolate brands such as Mars and Hershey are losing market share to imported premium chocolate brands in China primarily due to lack of innovation.
Environmental nonprofit Mighty Earth has found large chocolate companies have made 'very strong' commitments in policy and practices to reduce deforestation on their cocoa farms in Ghana and Côte d'Ivoire but the level of engagement does...
Responding to a new report from Greenpeace, confectionery giant Hershey has named its palm oil suppliers, and has revealed that it has mapped almost 100% of palm oil supply chain to the mills, and approximately 14% to the plantations.
Chocolate confectionery in the US is resilient to health and wellness trends and remains attractive to investors, according to an analyst at investment group Susquehanna International Group (SIG).
