Food safety investments: South Korea looks to boost local HACCP advancement
South Korea has long viewed HACCP as a critical food safety strategy, having maded certification mandatory for all foreign food firms exporting to South Korea back in 2020. The Ministry of Food and Drug Safety (MFDS) is now eyeing more significant development in this area for local food firms, and has announced that a specific
Dual strategies: Nestle Malaysia hopes ‘core brand strength’ and local production can beat ‘subdued’ consumer sentiment
Nestle Malaysia recently announced its FY2023 full-year financial results, reporting a 5.8% year-on-year increase in turnover to RM7.05bn (US$) from RM6.66bn (US$) in FY2022; as well as increased Profits After Tax (PAT) to RM659.9mn (US$) with the latter mostly attributed to lower taxes after Malaysia removed the COVID-19-related Prosperity Tax in 2023. According to the
TikTok Shop reopens in Indonesia but supplement sales yet to return to pre-closure volumes
Sales of FMCG and beauty products, however, have seen their sales surpassing pre-closure levels, according to Indonesia e-commerce market research firm Compas.co.id. It noticed that while TikTok Shop has reopened, the dietary supplement category experienced a notable decrease in sales quantity, down by 38 per cent as compared to the period before closure. TikTok Shop
Packaging Happenings: Asahi Super Dry, plant-based dairy labels in India, new regulations in China and more feature in our round-up
Enter the dragon: Asahi Super Dry on the importance of ‘relatable’ packaging in Asian markets Japanese beer giant Asahi believes that beverage packaging needs to move beyond being eye-catching and incorporate elements of ‘relatability’ and digitalisation truly make a mark with Asian consumers. Asahi’s keystone international premium beer Asahi Super Dry launched pixel-inspired, dragon-themed cans
House of Pops touts portfolio extension, bigger market presence and contract manufacturing as key drivers for new stage of growth
In development since last June, House of Pops’ new gelato range and ice cream bites were introduced at Gulfood, which took place from February 19 to 23 at Dubai World Trade Centre. “For the first five years [of our business], we focused mostly on popsicles. We’ve had a lot of innovation plans, and now we
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