Author: Georgina Caldwell

Ghana’s green gold: country poised to profit from rise in global demand for sustainable palm oil

Ghana is perfectly placed to benefit from the global rise in demand for sustainable palm oil, according to a report published in Citi FM online. However, speaking at the Tropical Forest Alliance 2020 Palm Oil Initiative Ghana Country Workshop, the Head of Corporate Affairs at Unilever Ghana, Gabriel Opoku-Asare, claimed that the country’s palm oil production is yet to reach its full potential. “Even though Ghana is one of the leading palm oil producing countries, second in Africa and eight in the world, Ghana is still a net importer of Palm Oil. Ghana’s current deficit of 50,000 tonnes in...

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Unilever expands online presence in China with Alibaba deal

Unilever has signed a strategic partnership deal with e-commerce operator Alibaba aimed at expanding its presence in China. Unilever, who has operated a store on Alibaba’s Tmall platform for five years, will gain further distribution channels in rural areas and improved supply chains. The deal will also give Unilever access to Alibaba’s data analytics to enable the FMCG giant to identify online-to-offline retail opportunities, enabling Unilever to reach match supply with demand in rural areas. All Unilever products sold via Alibaba will be branded with a QR code connected to the e-commerce company’s Blue Star program, enabling consumers to...

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Avon strengthens its environmental credentials with new palm oil pledge

Avon has boosted its environmental credentials by renewing its Palm Oil Promise, committing to greater traceability and responsible sourcing with the goal of only using palm oil that has not contributed to deforestation in the regions where it is grown. The promise was praised by the Union of Concerned Scientists for its wide-reaching consequences and described as having ‘the potential to be one of the strongest palm oil commitments in the personal care sector to date’. “With its promise today, Avon committed to buying palm oil that protects tropical forests, our climate and endangered species’ habitat,” said Lael Goodman,...

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AkzoNobel shifts focus away from China to new growth markets in Southeast Asia

Dutch specialty chemicals supplier AkzoNobel is targeting growth in Southeast Asia, specifically Vietnam and Indonesia, as growth slows in China, according to a report published in Indonesia Investments. CEO Tom Büchner is said to be planning to reduce investment realization in China in favour of new growth markets. The company is seeking out markets that are experiencing robust economic growth, with a large population and high levels of construction – India, Vietnam and Indonesia all fit those criteria. AkzoNobel delivered a solid performance in Q2 2015, with efficiency drives contributing to a 38 percent uplift in operating income to...

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Shiseido appoints former Coty President Marc Rey President and CEO of Americas business

Shiseido has announced the appointment of Marc Rey as President and CEO of the Japanese cosmetics firm’s Americas unit. Rey will take up the role on September 1, 2015. Rey will report to Masahiko Uotani, President and CEO of Shiseido Co and is charged with developing a strategic vision for Shiseido’s Americas business, growing Shiseido’s prestige franchises, identifying investment opportunities and enhancing the organizational structure of the operation. Rey will also take on the role of Global Strategic Brand Holder for Shiseido’s NARS cosmetics and Bare Escentuals brands, working closely with the senior leadership and management teams to develop...

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