Misplaced Pages

#876123

48-620: Kerry Group plc is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges . Given the company's origins in the co-operative movement, farmer-suppliers of the company retain a significant interest in the company. Kerry was founded in 1972 in Listowel , County Kerry as a private company (North Kerry Milk Products) with three shareholders – state-owned Dairy Disposal Company (42.5%),

96-450: A Chinese food media platform. In June 2021, Pilgrim's Pride agreed to buy Kerry Group's consumer foods in the meat and meals business. In June 2021, Kerry Group also agreed to acquire Niacet for the value of €853 million. In July 2021, the company acquired Biosearch Life, a biotechnology company focused on the pharmaceutical, nutraceutical and functional food sectors. In February 2022, Kerry Group announced two acquisitions: c-LEcta,

144-452: A batch or run, for example a bakery may bake a limited number of cupcakes . This method involves estimating consumer demand . Mass production : This method is used when there is a mass market for a large number of identical products, for example chocolate bars , ready meals and canned food . The product passes from one stage of production to another along a production line . Just-in-time (JIT) (production): This method of production

192-560: A biotechnology company, and Enmex, a Mexican based enzyme manufacturer. In April 2022, Kerry Group acquired Natreon, Inc, a US based supplier of branded Ayurvedic botanical ingredients. In August 2022, Kerry Group acquired the B2B powdered cheese business and related assets of The Kraft Heinz Company for consideration of $ 107.5 million. In January 2023, IRCA, Advent International ’s portfolio company, agreed to buy Kerry Group’s Sweet Ingredients Portfolio for €500 million. In December 2023,

240-436: A central force. Other than that, there few more modern technologies that can help to improve the industry as well which are, robotics and automation, blockchain, nanotech, 3D printing, artificial intelligence, smart farming and others. These new technologies can improve the industry in the following ways: As consumers grow increasingly removed from food production, the role of product creation, advertising , and publicity become

288-424: A diverse and ample supply of food to meet the dietary needs of people across the globe. Scientists, inventors, and others devoted to improving farming methods and implements are also said to be engaged in agriculture. One in three people worldwide are employed in agriculture, yet it only contributes 3% to global GDP . In 2017, on average, agriculture contributes 4% of national GDPs. Global agricultural production

336-730: A federation of eight small farmer co-operatives in Kerry (42.5%) and Erie Casein Company Inc. from the US (15%). In 1986, a significant milestone in the formation of the public limited company involved the Group acquiring the undertaking, property and assets of Kerry Co-operative Creameries and as a consideration 90 million ordinary shares in Kerry Group plc being issued to the Co-op. It floated on

384-658: A principal agency of the Federal Statistical System of the United States . It provides information and research on agriculture and economics. The first USDA agency formally tasked with data collection was the Division of Statistics, created in 1863, one year after the USDA itself was created. By 1902, a Division of Foreign Markets had been created, and the following year, that division was merged with

432-565: A provider of value-added soy-based nutritional ingredients. In March 2004, the company bought the Quest Food Ingredients Group, a food ingredients business, for US$ 440 million. Then in August 2005, the company acquired Noon Products, a supplier of Indian and Thai ready meals, for £124m. In September 2012, the company acquired Cargill Flavor Systems, a manufacturer of food flavouring, for $ 230 million. In February 2015,

480-622: A single agency. While the USDA's data collection activities were developing, the department was also developing expertise in agricultural economics research. In 1903, the Office of Farm Management was formed within the Bureau of Plant Industry. In 1915, this office was transferred to the Office of the Secretary to provide analytic support during World War I. In 1919, the office was renamed in Office of Farm Management and Farm Economics. In 1920,

528-405: Is a critical link in food industry operations. Distribution centers run more efficiently, throughput can be increased, costs can be lowered, and manpower better utilized if the proper steps are taken when setting up a material handling system in a warehouse. With worldwide urbanization , food buying is increasingly removed from food production. During the 20th century, the supermarket became

SECTION 10

#1732772338877

576-511: Is a member of the European Flavour Association . The Group operates across two business: Brands include: Food company It is challenging to find an inclusive way to cover all aspects of food production and sale. The UK Food Standards Agency describes it as "the whole food industry – from farming and food production , packaging and distribution, to retail and catering". The Economic Research Service of

624-517: Is led by an administrator, historically a career Senior Executive Service appointee that (along with NASS) reported to the Under Secretary for Research, Education, and Economics . However, in 2019, the Trump administration , under Agriculture Secretary Sonny Perdue , moved to place ERS under the direct oversight of a political appointee, reporting to the chief economist under the Office of

672-479: Is mainly used in restaurants . All components of the product are available in-house and the customer chooses what they want in the product. It is then prepared in a kitchen , or in front of the buyer as in sandwich delicatessens , pizzerias , and sushi bars . The food industry has a large influence on consumerism . Organizations, such as The American Academy of Family Physicians (AAFP), have been criticized for accepting monetary donations from companies within

720-612: Is produced . They analyzed policy-effects for specific regions or nations such as reduction of meat production and consumption , reductions in food waste and loss, increases in crop yields and international land-use planning . Their conclusions include that raising agricultural yields is highly beneficial for biodiversity-conservation in sub-Saharan Africa while measures leading to shifts of diets are highly beneficial in North America and that global coordination and rapid action are necessary. A vast global cargo network connects

768-403: Is responsible for between 14 and 28% of global greenhouse gas emissions, making it one of the largest contributors to global warming , in large part due to conventional agricultural practices, including nitrogen fertilizers and poor land management . Agronomy is the science and technology of producing and using plants for food, fuel, fibre, and land reclamation . Agronomy encompasses work in

816-555: Is the process of producing food, feeding products, fiber and other desired products by the cultivation of certain plants and the raising of domesticated animals ( livestock ). On average, 83% of the food consumed by humans is produced using terrestrial agriculture.In addition to terrestrial agriculture, aquaculture and fishing play vital roles in global food production. Aquaculture involves the cultivation of aquatic organisms such as fish, shrimp, and mollusks in controlled environments like ponds, tanks, or cages. It contributes significantly to

864-455: Is understanding consumer behavior and preferences. This includes factors such as age, gender, income, and cultural background. Companies must also be aware of changing consumer trends and adapt their marketing strategies accordingly. Until the last 100 years, agriculture was labor-intensive . Farming was a common occupation and millions of people were involved in food production. Farmers, largely trained from generation to generation, carried on

912-425: Is used when customers make an order for something to be made to their own specifications, for example, a wedding cake . The making of one-off products could take days depending on how intricate the design is. Batch production : This method is used when the size of the market for a product is not clear, and where there is a range within a product line . A certain number of the same goods will be produced to make up

960-958: The Agricultural Resource Management Survey , a multi-phase, nationally representative survey of U.S. farms that is the USDA's "primary source of information on the financial condition, production practices, and resource use of America's farm businesses and the economic well-being of America's farm households." The ERS publishes the magazine Amber Waves five times a year. The publication began in February 2003; it replaced Agricultural Outlook , FoodReview , and Rural America . The publication "features information and economic analysis about food, farms, natural resources, and rural community issues" and includes data and charts on various economic indications, including livestock cash receipts, farm household income , agricultural imports and exports, and food spending. The ERS

1008-484: The Clinton and George W. Bush administrations , said that the requirement was contrary to the USDA's longstanding policy that permitted and encouraged federal scientists to publish work in journals, and the "disclaimer" mandate was strongly criticized by USDA employees, science advocates, and scientific journal editors. In May 2019, following an outcry, the USDA rescinded the directive. Current and former employees of

SECTION 20

#1732772338877

1056-852: The EU 's reports concluded that adapting the food system to reduce greenhouse gas emissions impacts and food security concerns, while shifting towards a sustainable diet , is feasible. Since World War II, agriculture in the United States and the entire national food system in its entirety has been characterized by models that focus on monetary profitability at the expense of social and environmental integrity. Regulations exist to protect consumers and somewhat balance this economic orientation with public interests for food quality, food security, food safety, animal well-being, environmental protection and health. In 2020, researchers published projections and models of potential impacts of policy -dependent mechanisms of modulation, or lack thereof, of how, where, and what food

1104-726: The USDA uses the term food system to describe the same thing, stating: "The U.S. food system is a complex network of farmers and the industries that link to them. Those links include makers of farm equipment and chemicals as well as firms that provide services to agribusinesses, such as providers of transportation and financial services. The system also includes the food marketing industries that link farms to consumers, and which include food and fiber processors, wholesalers, retailers, and foodservice establishments." The food industry includes: Areas of research such as food grading , food preservation , food rheology , food storage directly deal with

1152-401: The tractor , has practically eliminated human labor in many areas of production. Biotechnology is driving much change, in areas as diverse as agrochemicals , plant breeding and food processing. Many other types of technology are also involved, to the point where it is hard to find an area that does not have a direct impact on the food industry. As in other fields, computer technology is also

1200-433: The 21st century online grocery stores emerged and digital technologies for community-supported agriculture have enabled farmers to directly sell produce. Some online grocery stores have voluntarily set social goals or values beyond meeting consumer demand and the accumulation of profit . Modern food production is defined by sophisticated technologies. These include many areas. Agricultural machinery , originally led by

1248-409: The Division of Statistics to form the Bureau of Statistics. In 1914, the bureau was renamed the Bureau of Crop Estimates, and in 1921 this bureau merged with the Bureau of Markets to form the Bureau of Markets and Crop Estimates. This merger brought together "responsibility for the collection of farm-level crop and livestock data with that for major domestic and foreign commodity market transactions" in

1296-508: The ERS were strongly critical of the relocation to Kansas City and other Trump administration policies, and the exodus of scientific and economic talent and disruption to federal research (especially on climate change and food security ) that they had caused. The move to Kansas City area resulted in an attrition rate particularly high in the Resource and Rural Economics Division (90%) and in

1344-739: The Food Economics Division (up to 89%). ERS economists said that the Trump administration's moves were retaliation against the agency for publishing research reports detailing the negative economic effects of Trump's policies, including tariffs and Republican tax legislation , on U.S. agriculture. Today, ERS's mission is to provide "economic research and information to inform public and private decision making on economic and policy issues related to agriculture, food, natural resources, and rural America ." The ERS and National Agricultural Statistics Service (NASS) jointly fund and manage

1392-762: The Global South - became economically, politically, and socially tied to the West. Many countries struggled to pay back their loans, beginning the process of global debt, privatization, and the downfall of local economies. As a result of Western intervention, many small scale farmers have been displaced, as US corporations have bought out land in other countries and continued to monopolize on food. Today, several multinational corporations have pushed agricultural technologies on developing countries including improved seeds, chemical fertilizers, and pesticides, crop production. In 2020 scientists reported that reducing emissions from

1440-595: The Irish Stock Exchange at a price of 52p per share. Kerry Group has a long history of acquisitions. In 1982, the company acquired pork manufacturer Duffy Meats and Henry Denny & Sons. In 1988, it acquired Beatreme Food Ingredients, a division of the Beatrice Corporation for $ 130m. In 2000, it acquired Shade Foods Inc, a US sweet ingredients provider for US$ 80 million, Armor Foods, a savory flavorings company for US$ 35 million and Solnuts,

1488-628: The Secretary. This restructuring prompted criticism that the ERS's historically independent and autonomous data-collection mission would be compromised by political interference. The ERS is organized into the Office of the Administrator and four divisions: The Food Economics Division; the Information Services Division; the Market and Trade Economics Division; and the Resource and Rural Economics Division. Each division

Kerry Group - Misplaced Pages Continue

1536-682: The areas of plant genetics , plant physiology , meteorology , and soil science . Agronomy is the application of a combination of sciences. Agronomists today are involved with many issues including producing food, creating healthier food, managing the environmental impact of agriculture , and extracting energy from plants. Food processing includes the methods and techniques used to transform raw ingredients into food for human consumption. Food processing takes clean, harvested or slaughtered and butchered components and uses them to produce marketable food products. There are several different ways in which food can be produced. One-off production : This method

1584-517: The company acquired Rollover, a supplier of hot dogs. Then in October 2015, the company acquired Red Arrow Products, Island Oasis and Wellmune, three businesses in the US taste and nutrition sector, for US$ 735 million. In 2021, Kerry was on the list of Industry Outlook's Top 10 Food Additive Manufacturers, in addition to being ranked second on the Top 20 Global Food Preservative Companies list by FoodTalks,

1632-575: The company acquired the lactase enzyme business of Danish companies Chr. Hansen and Novozymes for €150 million. Headquartered in Tralee , County Kerry, Ireland, the Group employs over 23,000 people in its manufacturing, sales and technical centres worldwide. Kerry's global Technology Centre is in Naas , County Kildare and employs 800 people. Kerry supplies over 18,000 foods, food ingredients and flavour products to customers in more than 140 countries. Kerry

1680-706: The defining retail element of the food industry. There, tens of thousands of products are gathered in one location, in continuous, year-round supply. Food preparation is another area where the change in recent decades has been dramatic. Today, two food industry sectors are in apparent competition for the retail food dollar. The grocery industry sells fresh and largely raw products for consumers to use as ingredients in home cooking. The food service industry, by contrast, offers prepared food, either as finished products or as partially prepared components for final "assembly". Restaurants, cafes, bakeries and mobile food trucks provide opportunities for consumers to purchase food. In

1728-510: The family business. That situation has changed dramatically today. In America in 1870, 70–80% of the US population was employed in agriculture. As of 2021 , less than 2% of the population is directly employed in agriculture, and about 83% of the population lives in cities. Economic Research Service The Economic Research Service ( ERS ) is a component of the United States Department of Agriculture (USDA) and

1776-530: The first time in data collection and economic analysis and research. The first leader of the BAE was the pioneering agricultural economist Henry Charles Taylor , appointed by Secretary of Agriculture Henry C. Wallace . In its initial years the BAE recruited agricultural economists from the handful of land-grant universities that offered the Ph.D in agriculture, such as Wisconsin , Minnesota , and Cornell . The ERS

1824-562: The food industry, such as Coca-Cola . These donations have been criticized for creating a conflict of interest and favoring an interest such as financial gains. There are a number of books, film, TV and web-related exposés and critiques of the food industry, including: The Bretton Woods Institutions - The World Bank and International Monetary Fund - play a large role in how the food industry functions today. These global funds were born after World War II, to help rebuild Europe and prevent another Great Depression. Overall, their main purpose

1872-628: The global food system is essential to achieving the Paris Agreement 's climate goals . In 2020, an evidence review for the European Union 's Scientific Advice Mechanism found that, without significant change, emissions would increase by 30–40% by 2050 due to population growth and changing consumption patterns, and concluded that "the combined environmental cost of food production is estimated to amount to some $ 12 trillion per year, increasing to $ 16 trillion by 2050". The IPCC 's and

1920-577: The numerous parts of the industry. These include suppliers, manufacturers, warehousers, retailers and the end consumers.) Wholesale markets for fresh food products have tended to decline in importance in urbanizing countries, including Latin America and some Asian countries as a result of the growth of supermarkets , which procure directly from farmers or through preferred suppliers, rather than going through markets. The constant and uninterrupted flow of product from distribution centers to store locations

1968-456: The office became a separate USDA agency. In 1922, the Bureau of Agricultural Economics ( BAE ), the ERS's immediate predecessor, was established by the merger of the Office of Farm Management and Farm Economics and the Bureau of Markets and Crop Estimates, bringing together responsibility for data collection and economic research/analysis in a single agency. This new agency brought together for

Kerry Group - Misplaced Pages Continue

2016-401: The office of Trump's Agriculture Secretary , Sonny Perdue , also issued a directive to ERS and other research components of USDA, ordering them to include a disclaimer on peer-reviewed research in scientific journals stating that findings and conclusions were "preliminary" and "should not be construed to represent any agency determination or policy." Susan Offutt, the ERS administrator under

2064-673: The primary vehicles for information about food. With processed food as the dominant category, marketers have almost infinite possibilities in product creation. Of the food advertised to children on television , 73% is fast or convenience foods . One of the main challenges in food industry marketing is the high level of competition in the market. Companies must differentiate themselves from their competitors by offering unique products or using innovative marketing techniques . For example, many food companies are now using social media platforms to promote their products and engage with customers. Another important aspect of food industry marketing

2112-497: The quality and maintenance of quality overlapping many of the above processes. Only subsistence farmers , those who survive on what they grow, and hunter-gatherers can be considered outside the scope of the modern food industry. The dominant companies in the food industry have sometimes been referred to as Big Food, a term coined by the writer Neil Hamilton. Most food produced for the food industry comes from commodity crops using conventional agricultural practices. Agriculture

2160-399: The world's seafood supply and provides an important source of protein for human consumption. Fishing, on the other hand, relies on harvesting wild aquatic species from oceans, rivers, and lakes, further diversifying the sources of food for human populations and supporting livelihoods in coastal communities worldwide. Together, terrestrial agriculture, aquaculture, and fishing collectively ensure

2208-634: Was established by Secretary of Agriculture Memorandum 1446, supp. 1, of April 3, 1961. It was subsequently consolidated with other USDA units (including the Economic Development Service, established in 1969, and the Economic Management Support Center, established 1974) into the Economics, Statistics, and Cooperatives Service by Secretary's Memorandum 1927, effective December 23, 1977. The agency

2256-687: Was redesignated as the Economic Research Service by secretarial order of October 1, 1981. Under the Trump administration , the ERS and another USDA agency, the National Institute of Food and Agriculture were directed to move from the USDA's headquarters in Washington, D.C. to the Kansas City metropolitan area . Two-thirds of the USDA employees reassigned chose to quit rather than accept relocation. In 2018,

2304-468: Was to stabilize economies. The IMF provided short term loans while the World Bank was focused on larger projects that would bring electricity back to cities, roads, and other "essential" needs. The World Banks mission and purpose, however, transformed as its President Robert McNamara issued a system of loans known as Structural Adjustment . In accepting loans from the World Bank, countries - especially

#876123