Imperial Tobacco’s Profit Drops Amidst Supply Chain Changes, Mondelez to Create New Coffee Company
Imperial Tobacco’s profit in the six months ended March 31 fell 5 percent as the company implemented changes to its supply chain program.
Growing demand for high-end hard cider is in turn driving up demand for bitter cider apples, varieties that are not widely grown in the U.S.
Mondelez plans to combine its coffee business with D.E. Masters Blenders to create a new company that will challenge Nestle, the world’s top coffee company.
New “dimensional weight pricing” rates at FedEx may significantly increase the cost of shipping light but bulky items.