Mondelez International Inc. is a multinational food and beverage company headquartered in Chicago, Illinois. The company was established in 2012 as a spin-off from Kraft Foods Inc. and operates in over 160 countries worldwide. Mondelez International is known for its popular snack brands such as Oreo, Chips Ahoy!, Cadbury, Toblerone, and Trident.
Corporate History
Mondelez International Inc. has a rich corporate history dating back to 1903 when the National Dairy Products Corporation was founded. In 1923, the company changed its name to Kraft Cheese Company and became a subsidiary of Kraft Foods Inc. In 2012, Kraft Foods Inc. spun off its snack food division and renamed it Mondelez International Inc. The new company focused on snack brands, while Kraft Foods Inc. focused on grocery brands.
Business Operations
Mondelez International Inc. operates in four main categories: biscuits, chocolate, gum and candy, and powdered beverages. The company’s products are sold in various channels such as supermarkets, convenience stores, and online retailers. Mondelez International has a strong global presence with operations in Europe, Asia, Africa, and the Americas. In 2020, the company reported net revenues of $27.6 billion and employed approximately 80,000 people worldwide.
- Mondelez International is committed to sustainability and has set ambitious goals to reduce its environmental impact. The company aims to achieve 100% sustainably sourced cocoa by 2025 and reduce greenhouse gas emissions by 10% by 2025.
- The company also invests in research and development to innovate its products and meet changing consumer demands. In 2020, Mondelez International launched a new line of Oreo cookies with a plant-based filling to cater to the growing demand for vegan products.
Conclusion
Mondelez International Inc. is a leading player in the global snack food industry with a rich corporate history and a strong portfolio of popular brands. The company’s commitment to sustainability and innovation has helped it stay relevant in a constantly evolving market. As Mondelez International continues to expand its operations worldwide, it remains focused on delivering high-quality products and creating value for its stakeholders.