Mars' plan to fix a 'broken' global supply chain with $1 billion - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Mars CEO says the global supply chain is 'broken.' Now, the $35 billion food industry giant is investing $1 billion to fix it.

Mars' CEO believes the global supply chain is "broken" — and that it is companies' responsibility to fix it.

"I'm an eternal optimist ... I believe that people will respond," Reid said. "At first they'll deny, then they'll be angry, but then they'll actually help drive the change, and I can see quite a bit of that change coming."Kate Taylor: You know, for the first 100 years, we let our brands do the talking. Everybody knew M&M's, everybody knew Pedigree, everybody knew Twix, everybody knew Uncle Ben's, but not so much about, I think, the DNA of the company itself, and things have changed now in building that reputation, so we've said, we've put a billion dollars intoand we're fully committed, the family's behind it, and we didn't have to convince, you know, financial analysts it was a good idea.

I mean, right now, the global supply chain is broken. We're taking more — not Mars, but in total — we're taking more out of the planet than is sustainable. And we have to fix that. And to do that is going to take a coalition of the willing to provide that leadership to bring a momentum behind it, to mobilize NGOs, mobilize companies, to mobilize people, and to mobilize countries to solve those issues.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines