Misplaced Pages

#922077

127-665: Groupe Lactalis S.A. (doing business as Lactalis ) is a French multinational dairy products corporation, owned by the Besnier family and based in Laval, Mayenne , France. The company's former name was Besnier S.A. Lactalis is the largest dairy products group in the world, and is the second largest food products group in France, behind Danone . It owns brands such as Parmalat , Président , Siggi's Dairy , Skånemejerier , Rachel's Organic , and Stonyfield Farm . André Besnier started

254-512: A humid continental climate ( Köppen : Dfa ), and temperatures have been warming with the rest of the US. Lake-effect snow is characteristic of Buffalo winters, with snow bands (producing intense snowfall in the city and surrounding area) depending on wind direction off Lake Erie. However, Buffalo is rarely the snowiest city in the state . The Blizzard of 1977 resulted from a combination of high winds and snow which accumulated on land and on

381-723: A 2011 2.5B € takeover after its bankruptcy and have since sought to delist it. In 2013, the Sorrento and Precious brands in the US were renamed Galbani, and the Sorrento Lactalis division was renamed Lactalis American Group. In 2006, the company formed a joint venture with Nestlé , Lactalis-Nestlé Fresh Products . In 2007, the French Institut National des Appellations d'Origine , which administers AOC ( L'appellation d'origine contrôlée ) designations for French food products, refused to permit Lactalis and

508-633: A Dutch trader who arrived in 1789. As a result of the war, in which the Iroquois sided with the British Army , Iroquois territory was gradually reduced in the late 1700s by European settlers through successive statewide treaties which included the Treaty of Fort Stanwix (1784) and the First Treaty of Buffalo Creek (1788). The Iroquois were moved onto reservations, including Buffalo Creek . By

635-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

762-470: A company linked to the group, were charged with aggravated deception, involuntary injuries and non-execution of withdrawal and recall measures in a five-year-old case where babies were diagnosed with salmonellosis after consuming the French dairy group's infant milk products, with both firms placed under judicial supervision with a bond of €300,000 each. In July 2023, Lactalis Australia was fined A$ 950,000 by

889-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1016-500: A day (equivalent to $ 49 in 2023 ) in a six-day work week. Local inventor Joseph Dart and engineer Robert Dunbar created the grain elevator in 1843, adapting the steam-powered elevator. Dart's Elevator initially processed one thousand bushels per hour, speeding global distribution to consumers. Buffalo was the transshipment hub of the Great Lakes, and weather, maritime and political events in other Great Lakes cities had

1143-830: A deal between fellow chief Cornplanter and the Dutch dummy corporation Holland Land Company . The Holland Land Purchase gave the Senecas three reservations, and the Holland Land Company received 4,000,000 acres (16,000 km ) for about thirty-three cents per acre. Permanent white settlers along the creek were prisoners captured during the Revolutionary War . Early landowners were Iroquois interpreter Captain William Johnston, former enslaved man Joseph "Black Joe" Hodges and Cornelius Winney,

1270-635: A direct impact on the city's economy. In addition to grain, Buffalo's primary imports included agricultural products from the Midwest (meat, whiskey, lumber and tobacco), and its exports included leather, ships and iron products. The mid-19th century saw the rise of new manufacturing capabilities, particularly with iron. By the 1860s, many railroads terminated in Buffalo; they included the Buffalo, Bradford and Pittsburgh Railroad , Buffalo and Erie Railroad ,

1397-458: A dozen railway terminals, as railroads remained a significant industry. The St. Lawrence Seaway was proposed in the 19th century as a faster shipping route to Europe, and later as part of a bi-national hydroelectric project with Canada. Its combination with an expanded Welland Canal led to a grim outlook for Buffalo's economy. After its 1959 opening, the city's port and barge canal became largely irrelevant. Shipbuilding in Buffalo wound down in

SECTION 10

#1732791941923

1524-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1651-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

1778-534: A small cheesemaking company in 1933 and launched its Président brand of Camembert in 1968. In 1990, it acquired Group Bridel (2,300 employees, 10 factories, fourth-largest French dairy group) with a presence in 60 countries. In 1992, it acquired United States cheese company Sorrento. In 1999, la société Besnier became le groupe Lactalis owned by Belgian holding company BSA International SA. In 2006, they bought Italian group Galbani, and in 2008, bought Swiss cheesemaker Baer. They bought Italian group Parmalat in

1905-591: A small, active presence in the area, including the town of Amherst. A 2016 American Bible Society survey reported that Buffalo is the fifth-least "Bible-minded" city in the United States; 13 percent of its residents associate with the Bible . The Erie Canal was the impetus for Buffalo's economic growth as a transshipment hub for grain and other agricultural products headed east from the Midwest. Later, manufacturing of steel and automotive parts became central to

2032-553: A supermarket. Health disparities exist compared to the rest of the state : Erie County's average 2019 lifespan was three years lower (78.4 years); its 17-percent smoking and 30-percent obesity rates were slightly higher than the state average. According to the Partnership for the Public Good, educational achievement in the city is lower than in the surrounding area; city residents are almost twice as likely as adults in

2159-475: A total of thirty-five neighborhoods. Main Street divides Buffalo's east and west sides, and the west side was fully developed earlier. This division is seen in architectural styles, street names, neighborhood and district boundaries, demographics, and socioeconomic conditions; Buffalo's West Side is generally more affluent than its East Side. Several neighborhoods in Buffalo have had increased investment since

2286-474: A week; a trip from nearby Williamsville to Batavia could take over three days. British forces burned Buffalo and the northwestern village of Black Rock in 1813. The battle and subsequent fire was in response to the destruction of Niagara-on-the-Lake by American forces and other skirmishes during the War of 1812 . Rebuilding was swift, completed in 1815. As a remote outpost, village residents hoped that

2413-518: A year. No official recording of 100 °F (37.8 °C) or more has occurred to date, with a maximum temperature of 99 °F (37 °C) reached on August 27, 1948. Rainfall is moderate, typically falling at night, and cooler lake temperatures hinder storm development in July. August is usually rainier and muggier , as the warmer lake loses its temperature-controlling ability. Several hundred Seneca, Tuscarora and other Iroquois tribal peoples were

2540-640: Is based at the 3,019-seat Shea's Performing Arts Center in the Buffalo Theatre District of downtown Buffalo. Shea's Performing Arts Center was designed by the well-known Chicago firm Rapp and Rapp . The opera house was modeled in the style of European operahouses and decorated in a combination of French and Spanish Baroque and Rococo styles. The interior design was designed by the world-renowned designer and artist Louis Comfort Tiffany , and many of its elements are still there today. Originally there were nearly 4,000 seats, but in

2667-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

SECTION 20

#1732791941923

2794-870: Is on the Erie/Ontario Lake Plain of the Eastern Great Lakes Lowlands , a narrow plain extending east to Utica, New York . The city is generally flat, except for elevation changes in the University Heights and Fruit Belt neighborhoods. The Southtowns are hillier, leading to the Cattaraugus Hills in the Appalachian Upland . Several types of shale, limestone and lagerstätten are prevalent in Buffalo and its surrounding area, lining their stream beds . According to Fox Weather , Buffalo

2921-622: Is one of the top five snowiest large cities in the country, receiving, on average, 95 inches of snow annually. Although the city has not experienced any recent or significant earthquakes , Buffalo is in the Southern Great Lakes Seismic Zone (part of the Great Lakes tectonic zone ). Buffalo has four channels within its boundaries: the Niagara River, Buffalo River (and Creek), Scajaquada Creek , and

3048-530: Is the second-most populous city in New York state after New York City , and the 81st-most populous city in the U.S. Buffalo is the primary city of the Buffalo–Niagara Falls metropolitan area , which had an estimated population of 1.2 million in 2020, making it the 49th-largest metro area in the U.S. Before the 17th century, the region was inhabited by nomadic Paleo-Indians who were succeeded by

3175-727: Is the region's largest employer. In the private sector, top employers include the Kaleida Health and Catholic Health hospital networks and M&T Bank , the sole Fortune 500 company headquartered in the city. Most have been the top employers in the region for several decades. Buffalo is home to the headquarters of Rich Products , Delaware North and New Era Cap Company ; the aerospace manufacturer Moog Inc. and toy maker Fisher-Price are based in nearby East Aurora . National Fuel Gas and Life Storage are headquartered in Williamsville, New York . Buffalo weathered

3302-564: Is today one of the leading operas in the United States and, with more than 3,000 seats, one of the largest opera houses in the world. Founded in 2004 by Valerian Ruminski , the Nickel City Opera has commissioned operas, and has staged world premieres of notable works. Matthias Manasi was music director and chief conductor of NCO from 2017 to 2021, his predecessor Michael Ching was music director and chief conductor of NCO from 2012 to 2017. The NCO collaborates with

3429-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

3556-865: The 1930s the number of seats was reduced to the current number of 3,019 seats last but not least to increase the place for the orchestra by increasing the size of the orchestra pit . The NCO also performs at the Riviera Theatre in North Tonawanda , at the Nichols Flickinger Performing Arts Center in Buffalo, at the Artpark Mainstage Theatre and the Artpark Amphitheatre at the Earl W. Brydges Artpark State Park located on

3683-545: The Black Rock Canal , adjacent to the Niagara River. The city's Bureau of Forestry maintains a database of over seventy thousand trees. According to the United States Census Bureau , Buffalo has an area of 52.5 sq mi (136 km ); 40.38 sq mi (104.6 km ) is land, and the rest is water. The city's total area is 22.66 percent water. In 2010, its population density

3810-802: The Buffalo Central Terminal was built in the Broadway-Fillmore neighborhood in 1929; the Richardson Olmsted Complex , built in 1881, was an insane asylum until its closure in the 1970s. Urban renewal from the 1950s to the 1970s spawned the Brutalist -style Buffalo City Court Building and Seneca One Tower , the city's tallest building. In the city's Parkside neighborhood, the Darwin D. Martin House

3937-548: The Buffalo Philharmonic Orchestra , producing a wide range of operas , from 18th-century Baroque and 19th-century Bel canto to the Minimalism of the 20th century and to contemporary operas of the 20th and 21st centuries. These operas are presented in staged productions that range in style from those with elaborate traditional decors to others that feature modern conceptual designs. The NCO

Lactalis - Misplaced Pages Continue

4064-848: The Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

4191-586: The Great Recession of 2006–09 well in comparison with other U.S. cities, exemplified by increased home prices during this time. The region's economy began to improve in the early 2010s, adding over 25,000 jobs from 2009 to 2017. With state aid , Tesla, Inc.'s Giga New York plant opened in South Buffalo in 2017. The effects of the COVID-19 pandemic in the United States , however, increased

4318-528: The Latin Church ) has a significant presence in the region, with 161 parishes and over 570,000 adherents in the Diocese of Buffalo . Major Protestant denominations in the area include Lutheran , Baptist , and Methodist . Pentecostals are also significant, and approximately 20,000 persons are non-denominational adherents. A Jewish community began developing in the city with immigrants from

4445-635: The Neutral , Erie , and Iroquois nations. In the early 17th century, the French began to explore the region. In the 18th century, Iroquois land surrounding Buffalo Creek was ceded through the Holland Land Purchase , and a small village was established at its headwaters. In 1825, after its harbor was improved, Buffalo was selected as the terminus of the Erie Canal , which led to its incorporation in 1832. The canal stimulated its growth as

4572-691: The New York Central Railroad , and the Lehigh Valley Railroad . During this time, Buffalo controlled one-quarter of all shipping traffic on Lake Erie. After the Civil War , canal traffic began to drop as railroads expanded into Buffalo. Unionization began to take hold in the late 19th century, highlighted by the Great Railroad Strike of 1877 and 1892 Buffalo switchmen's strike . At the start of

4699-546: The Niagara Gorge in Lewiston . The Buffalo Philharmonic Orchestra was formed in 1935 and performs at Kleinhans Music Hall , whose acoustics have been praised. Although the orchestra nearly disbanded during the late 1990s due to a lack of funding, philanthropic contributions and state aid stabilized it. Under the direction of JoAnn Falletta , the orchestra has received a number of Grammy Award nominations and won

4826-571: The Province of New York —now a U.S. state—began westward expansion, looking for arable land by following the Iroquois. New York and Massachusetts were vying for the territory which included Buffalo, and Massachusetts had the right to purchase all but a one-mile-(1600-meter)-wide portion of land. The rights to the Massachusetts territories were sold to Robert Morris in 1791. Despite objections from Seneca chief Red Jacket , Morris brokered

4953-603: The 1840s. Buffalo was a terminus of the Underground Railroad , with many free Black people crossing the Niagara River to Fort Erie, Ontario ; others remained in Buffalo. During this time, Buffalo's port continued to develop. Passenger and commercial traffic expanded, leading to the creation of feeder canals and the expansion of the city's harbor. Unloading grain in Buffalo was a laborious job, and grain handlers working on lake freighters would make $ 1.50

5080-548: The 1960s due to reduced waterfront activity, ending an industry which had been part of the city's economy since 1812. Downsizing of the steel mills was attributed to the threat of higher wages and unionization efforts. Racial tensions culminated in riots in 1967 . Suburbanization led to the selection of the town of Amherst for the new University at Buffalo campus by 1970. Unwilling to modernize its plant, Bethlehem Steel began cutting thousands of jobs in Lackawanna during

5207-614: The 1990s, beginning with the Elmwood Village . The 2002 redevelopment of the Larkin Terminal Warehouse led to the creation of Larkinville , home to several mixed-use projects and anchored by corporate offices. Downtown Buffalo and its central business district (CBD) had a 10.6-percent increase in residents from 2010 to 2017, as over 1,061 housing units became available; the Seneca One Tower

Lactalis - Misplaced Pages Continue

5334-670: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

5461-616: The 20th century, Buffalo was the world's leading grain port and a national flour-milling hub. Local mills were among the first to benefit from hydroelectricity generated by the Niagara River. Buffalo hosted the 1901 Pan-American Exposition after the Spanish–American War , showcasing the nation's advances in art, architecture, and electricity. Its centerpiece was the Electric Tower, with over two million light bulbs, but some exhibits were jingoistic and racially charged. At

5588-551: The Athenos and Polly-O cheese brands. In April 2023, Lactalis American Group announced an investment of $ 32 million to construct a new whey-processing facility in South Buffalo , boosting its production of the ingredient by 30%. In September 2024, Lactalis Group announced the acquisition of General Mills ' US yogurt business to expand its yogurt business in the United States market, pending regulatory approval. Owned by

5715-589: The Belgian holding company BSA International SA, which is controlled by the Besnier family that founded Lactalis, Lactalis in 2015 had global revenues of 16.5 billion euros. Lactalis employs 75,000 people worldwide, at 237 production sites in 43 countries. The headquarters for Lactalis American Group, Inc. is located in Buffalo, New York . In August 2016, farmers blockaded the company's headquarters in Laval, protesting what they saw as price fixing. In January 2018,

5842-592: The East Side, who moved to newer housing; Italian immigrant families settled throughout the city, primarily on the lower West Side. During the 1830s, Buffalo residents were generally intolerant of the small groups of Black Americans who began settling on the city's East Side. In the 20th century, wartime and manufacturing jobs attracted Black Americans from the South during the First and Second Great Migrations . In

5969-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

6096-429: The Federal Court for breaching the Dairy Code of Conduct in 2020. In February 2024, the Spanish Audiencia Nacional fined Lactalis with 11.69 million euros for forming a cartel with other milk companies to avoid competition when buying milk from Spanish farmers between 2000 and 2013. The farmers can now further sue for damages. Rai 3 's PresaDiretta aired a special report titled "Italia in vendita," highlighting

6223-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

6350-412: The National Football League's Buffalo Bills , the National Hockey League's Buffalo Sabres and the National Lacrosse League's Buffalo Bandits . Before the arrival of Europeans , nomadic Paleo-Indians inhabited the western New York region from the 8th millennium BCE . The Woodland period began around 1000 BC, marked by the rise of the Iroquois Confederacy and the spread of its tribes throughout

6477-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

SECTION 50

#1732791941923

6604-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

6731-621: The Ponte Buggianese plant. As a result of these efforts, 45 out of the 56 workers will be re-employed, providing stability after Lactalis’ decision. The group operates in eight divisions: Lactalis owns 198 industrial sites in 55 countries including the US, Romania, Poland, Italy, Russia, Ukraine, Spain, Saudi Arabia, Egypt, Ireland, Portugal, Switzerland, Croatia, Czech Republic, Georgia (" სანტე " brand), United Kingdom, Australia and as of 2011, Canada and South Africa. Lactalis mostly produces yogurt, butter, cheese, powdered milk, baby formula and milk drinks. Multinational corporation Most of

6858-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

6985-542: The U.S. During the 1940s and 1950s, Puerto Rican migrants arrived en masse, also seeking industrial jobs, settling on the East Side and moving westward. In the 21st century, Buffalo is classified as a majority minority city , with a plurality of residents who are Black and Latino. Buffalo has experienced effects of urban decay since the 1970s, and also saw population loss to the suburbs and Sun Belt states, and experienced job losses from deindustrialization. The city's population peaked at 580,132 in 1950, when Buffalo

7112-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

7239-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

7366-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

7493-558: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

7620-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

7747-407: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

SECTION 60

#1732791941923

7874-464: The United States, the Buffalo AKG Art Museum , the Buffalo History Museum , the Buffalo Philharmonic Orchestra , Shea's Performing Arts Center , the Buffalo Museum of Science , and several annual festivals . Its educational institutions include the University at Buffalo , Buffalo State University , Canisius University , and D'Youville University . Buffalo is also known for its winter weather , Buffalo wings , and three major-league sports teams :

8001-475: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

8128-401: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

8255-399: The World War II and postwar years from 1940 to 1970, the city's Black population rose by 433 percent. They replaced most of the Polish community on the East Side, who were moving out to suburbs. However, the effects of redlining , steering, social inequality , blockbusting , white flight and other racial policies resulted in the city (and region) becoming one of the most segregated in

8382-741: The acquisition of dairy company Itambé. In January 2018, Lactalis announced it had agreed to purchase the skyr producer Siggi's Dairy , which will continue to be run independently. In October 2018, Lactalis announced the acquisition of Nestlé Malaysia's chilled dairy business unit for approximately $ 40 million. Lactalis's Indian subsidiary Tirumala Milk Products said that it would acquire Prabhat's dairy business for ₹17 Billion. This will be Lactalis's third acquisition in India. On 15 September 2020, Groupe Lactalis announced an agreement to acquire Kraft Heinz 's natural cheese operations in North America and internationally for $ 3.2 billion. The U.S. Department of Justice ruled that Lactalis must divest

8509-408: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

8636-421: The city became a stronghold of labor unions and the Democratic Party . During World War II , Buffalo regained its manufacturing strength as military contracts enabled the city to manufacture steel, chemicals, aircraft, trucks and ammunition. The 15th-most-populous US city in 1950 , Buffalo's economy relied almost entirely on manufacturing; eighty percent of area jobs were in the sector. The city also had over

8763-403: The city's economy. When these industries downsized in the region, Buffalo's economy became service-based. Its primary sectors include health care, business services (banking, accounting, and insurance), retail, tourism and logistics , especially with Canada. Despite the loss of large-scale manufacturing, some manufacturing of metals, chemicals, machinery, food products, and electronics remains in

8890-438: The city's summers are drier and sunnier than other cities in the northeastern United States, its vegetation receives enough precipitation to remain hydrated. Buffalo summers are characterized by abundant sunshine, with moderate humidity and temperatures; the city benefits from cool, southwestern Lake Erie summer breezes which temper warmer temperatures. Temperatures rise above 90 °F (32.2 °C) an average of three times

9017-579: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

9144-717: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

9271-518: The company had to withdraw 12 million boxes of baby formula due to a salmonella contamination. They were accused of trying to hide the initial discovery of contamination, which led to the crisis. In 2020 allegations were made that 38 of Lactalis's production plants in France had breached environmental regulations, and had been doing so for a number of years. Lactalis stated it had invested €60 million in improving wastewater treatment plants. In February 2023, Lactalis Group and Celia Laiterie de Craon,

9398-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

9525-540: The country's 49th-largest. Compared to other major US metropolitan areas, the number of foreign-born immigrants to Buffalo is low. New immigrants are primarily resettled refugees (especially from war- or disaster-affected nations) and refugees who had previously settled in other U.S. cities. During the early 2000s, most immigrants came from Canada and Yemen ; this shifted in the 2010s to Burmese ( Karen ) refugees and Bangladeshi immigrants. Between 2008 and 2016, Burmese, Somali , Bhutanese , and Iraqi Americans were

9652-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

9779-487: The current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and

9906-514: The dairy cooperative, Isigny-Sainte-Mère , to sell pasteurized Camembert as "true Camembert". As of 2007, these two companies represented between 80 and 90% of Normandy Camembert sales. During that same year, it acquired the Croatian dairy company Dukat . In 2018, the INAO announced it would relax restrictions and create a new designation to include pasteurized Camembert in 2021. Lactilis acquired

10033-661: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Buffalo, New York Buffalo is a city in the U.S. state of New York and the county seat of Erie County . It lies in Western New York at the eastern end of Lake Erie , at the head of the Niagara River on the Canada–United States border . With a population of 278,349 according to the 2020 census, Buffalo

10160-533: The decision, stating: “The closure of the Lactalis plant in Reggio Calabria is an indefensible disgrace. Sending 80 workers home, pushing 80 families into poverty in a city like Reggio, is no small matter, especially when Italian food excellence is being celebrated.” In contrast, Tuscany's regional government took swift action, engaging local entrepreneurs to create favorable conditions for reemployment at

10287-495: The end of the 18th century, only 338 sq mi (216,000 acres; 880 km ; 88,000 ha) of reservations remained. After the Treaty of Big Tree removed Iroquois title to lands west of the Genesee River in 1797, Joseph Ellicott surveyed land at the mouth of Buffalo Creek. In the middle of the village was an intersection of eight streets at present-day Niagara Square . Originally named New Amsterdam, its name

10414-590: The exposition, President William McKinley was assassinated by anarchist Leon Czolgosz . When McKinley died, Theodore Roosevelt was sworn in at the Wilcox Mansion in Buffalo. Attorney John Milburn and local industrialists convinced the Lackawanna Iron and Steel Company to relocate from Scranton, Pennsylvania to the town of West Seneca in 1904. Employment was competitive, with many Eastern Europeans and Scrantonians vying for jobs. From

10541-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

10668-460: The four largest ethnic immigrant groups in Erie County. A 2008 report noted that although food deserts were seen in larger cities and not in Buffalo, the city's neighborhoods of color have access only to smaller grocery stores and lack the supermarkets more typical of newer, white neighborhoods. A 2018 report noted that over fifty city blocks on Buffalo's East Side lacked adequate access to

10795-532: The frozen Lake Erie . Although snow does not typically impair the city's operation, it can cause significant damage in autumn (as the October 2006 storm did). In November 2014 (called " Snowvember "), the region had a record-breaking storm which produced over 5 + 1 ⁄ 2  ft (66 in; 170 cm) of snow. Buffalo's lowest recorded temperature was −20 °F (−29 °C), which occurred twice: on February 9, 1934, and February 2, 1961. Although

10922-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

11049-685: The increasing foreign acquisitions in Italy's agri-food sector, from North to South. The focus was on the dairy and cheese industries, particularly iconic products like mozzarella and Parmigiano Reggiano, which have been taken over by the French multinational Lactalis. The investigation explored operations at Parmalat's Collecchio plant, Nuova Castelli in Reggio Emilia, and Alival in Reggio Calabria and Tuscany. The report concluded that Lactalis sought to integrate Italy's DOP products and brands—such as Galbani, Parmalat, Leerdammer, Castelli, Invernizzi, and

11176-627: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

11303-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

11430-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

11557-435: The late 19th century to the 1920s, mergers and acquisitions led to distant ownership of local companies; this had a negative effect on the city's economy. Examples include the acquisition of Lackawanna Steel by Bethlehem Steel and, later, the relocation of Curtiss-Wright in the 1940s. The Great Depression saw severe unemployment, especially among the working class. New Deal relief programs operated in full force, and

11684-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

11811-407: The local unemployment rate to 7.5 percent by December 2020. The local unemployment rate had been 4.2 percent in 2019, higher than the national average of 3.5 percent. Buffalo is home to over 20 theater companies, with many centered in the downtown Theatre District . Shea's Performing Arts Center is the city's largest theater. Designed by Louis Comfort Tiffany and built in 1926,

11938-494: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

12065-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

12192-586: The metropolitan area to lack a high-school diploma. During the early 19th century, Presbyterian missionaries tried to convert the Seneca people on the Buffalo Creek Reservation to Christianity. Initially resistant, some tribal members set aside their traditions and practices to form their own sect. Later, European immigrants added other faiths. Christianity is the predominant religion in Buffalo and Western New York. Catholicism (primarily

12319-505: The mid-1800s; about one thousand German and Lithuanian Jews settled in Buffalo before 1880. Buffalo's first synagogue , Temple Beth El, was established in 1847. The city's Temple Beth Zion is the region's largest synagogue. With changing demographics and an increased number of refugees from other areas on the city's East Side, Islam and Buddhism have expanded their presence. In this area, new residents have converted empty churches into mosques and Buddhist temples. Hinduism maintains

12446-494: The mid-1970s before closing it in 1983. The region lost at least 70,000 jobs between 1970 and 1984. Like much of the Rust Belt , Buffalo has focused on recovering from the effects of late-20th-century deindustrialization . Buffalo is on the eastern end of Lake Erie opposite Fort Erie, Ontario . It is at the head of the Niagara River, which flows north over Niagara Falls into Lake Ontario . The Buffalo metropolitan area

12573-842: The more recent acquisition of Ambrosi—into its global portfolio. It aimed to leverage Parmalat's international presence in Africa and Latin America, while closing down plants considered non-essential, such as Alival in Calabria and Tuscany, sparking controversy over a lack of social responsibility. Lactalis faced significant backlash for its decision to shut down two production facilities: one in San Gregorio , Reggio Calabria, and another in Ponte Buggianese , Tuscany. The closure, impacting 80 workers and their families in Reggio Calabria,

12700-533: The opening of the St. Lawrence Seaway saw the city's economy decline and diversify. It developed its service industries , such as health care, retail, tourism, logistics, and education, while retaining some manufacturing. In 2019, the gross domestic product of the Buffalo–Niagara Falls MSA was $ 53 billion (~$ 62.3 billion in 2023). The city's cultural landmarks include the oldest urban parks system in

12827-616: The power to put even animals and plants to sleep, which could affect the harvest. At the conclusion, audience members typically offered gifts, such as tobacco, to the storyteller as a sign of appreciation. During the Beaver Wars in the mid-17th century the Senecas conquered the Erie and Neutrals in the region. Native Americans did not settle along Buffalo Creek permanently until 1780, when displaced Senecas were relocated from Fort Niagara . Louis Hennepin and Sieur de La Salle explored

12954-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

13081-497: The primary inland port between the Great Lakes and the Atlantic Ocean. Transshipment made Buffalo the world's largest grain port of that era. After the coming of railroads greatly reduced the canal's importance, the city became the second-largest railway hub (after Chicago ). During the mid-19th century, Buffalo transitioned to manufacturing, which came to be dominated by steel production. Later, deindustrialization and

13208-519: The primary residents of the Buffalo area before 1800, concentrated along Buffalo Creek. After the Revolutionary War, settlers from New England and eastern New York began to move into the area. From the 1830s to the 1850s, they were joined by Irish and German immigrants from Europe, both peasants and working class, who settled in enclaves on the city's south and east sides. At the turn of the 20th century, Polish immigrants replaced Germans on

13335-404: The proposed Erie Canal would bring prosperity to the area. To accomplish this, Buffalo's harbor was expanded with the help of Samuel Wilkeson ; it was selected as the canal's terminus over the rival Black Rock. It opened in 1825, ushering in commerce, manufacturing and hydropower . By the following year, the 130 sq mi (340 km ) Buffalo Creek Reservation (at the western border of

13462-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

13589-489: The region. Advanced manufacturing has increased, with an emphasis on research and development (R&D) and automation . In 2019, the U.S. Bureau of Economic Analysis valued the gross domestic product (GDP) of the Buffalo–Niagara Falls MSA at $ 53 billion (~$ 62.3 billion in 2023). The civic sector is a major source of employment in the Buffalo area, and includes public, non-profit, healthcare and educational institutions. New York State, with over 19,000 employees,

13716-537: The region. The Neutral grew tobacco and hemp to trade with the Iroquois, who traded furs with the French for European goods. The tribes used animal- and war paths to travel and move goods across what today is New York State. (Centuries later, these same paths were gradually improved, then paved, then developed into major modern roads.) Traditional Seneca oral legends, as recounted by professional storytellers known as Hagéotâ, were highly participatory. These tales were told only during winter, as they were believed to have

13843-582: The southern Swedish dairy company, Skånemejerier , in February 2012. In May 2015, Lactalis acquired an 80% stake in Turkish dairy Ak Gida, a subsidiary of Yildiz Holding . In July 2017 it was announced that Groupe Danone had agreed to sell its Stonyfield Farm subsidiary to Lactalis for $ 875 Million to avoid anti-trust claims and to clear the way for Danone's acquisition of U.S. organic food producer WhiteWave Foods . In December 2017, Lactalis announced

13970-587: The state. Seventeenth-century Jesuit missionaries were the first Europeans to visit the area. During French exploration of the region in 1620, the region was sparsely populated and occupied by the agrarian Erie people in the south and the Neutral Nation in the north, with a relatively small tribe, the Wenrohronon , between and the Senecas , an Iroquois tribe, occupying the land just east of

14097-501: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

14224-500: The theater presents Broadway musicals and concerts. Shakespeare in Delaware Park has been held outdoors every summer since 1976. Stand-up comedy can be found throughout the city and is anchored by Helium Comedy Club, which hosts both local talent and national touring acts. The Nickel City Opera (known as NC Opera Buffalo and NCO ) is an American opera company based at Shea's Performing Arts Center in Buffalo and

14351-523: The upper Niagara and Ontario regions in the late 1670s. In 1679, La Salle's ship, Le Griffon , became the first to sail above Niagara Falls near Cayuga Creek . Baron de Lahontan visited the site of Buffalo in 1687. A small French settlement along Buffalo Creek lasted for only a year (1758). After the French and Indian War , the region was ruled by Britain. After the American Revolution ,

14478-478: The village) was transferred to Buffalo. Buffalo was incorporated as a city in 1832. During the 1830s, businessman Benjamin Rathbun significantly expanded its business district. The city doubled in size from 1845 to 1855. Almost two-thirds of the city's population was foreign-born, largely a mix of unskilled (or educated) Irish and German Catholics . Fugitive slaves made their way north to Buffalo during

14605-496: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

14732-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

14859-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

14986-695: Was 6,470.6 per square mile. Buffalo's architecture is diverse, with a collection of 19th- and 20th-century buildings. Downtown Buffalo landmarks include Louis Sullivan 's Guaranty Building , an early skyscraper; the Ellicott Square Building , once one of the largest of its kind in the world; the Art Deco Buffalo City Hall and the McKinley Monument , and the Electric Tower . Beyond downtown,

15113-460: Was designed by Frank Lloyd Wright in his Prairie School style. Since 2016, Washington DC real estate developer Douglas Jemal has been acquiring, and redeveloping, iconic properties throughout the city. According to Mark Goldman, the city has a "tradition of separate and independent settlements". The boundaries of Buffalo's neighborhoods have changed over time. The city is divided into five districts , each containing several neighborhoods, for

15240-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

15367-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

15494-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

15621-613: Was redeveloped in 2020. Other revitalized areas include Chandler Street, in the Grant-Amherst neighborhood, and Hertel Avenue in Parkside. The Buffalo Common Council adopted its Green Code in 2017, replacing zoning regulations which were over sixty years old. Its emphasis on regulations promoting pedestrian safety and mixed land use received an award at the 2019 Congress for the New Urbanism conference. Buffalo has

15748-588: Was soon changed to Buffalo. The village of Buffalo was named for Buffalo Creek . British military engineer John Montresor referred to "Buffalo Creek" in his 1764 journal, the earliest recorded appearance of the name. A road to Pennsylvania from Buffalo was built in 1802 for migrants traveling to the Connecticut Western Reserve in Ohio. Before an east–west turnpike across the state was completed, traveling from Albany to Buffalo would take

15875-509: Was the 15th-largest city in the United States ;– down from the eighth-largest city in 1900, after its growth rate slowed during the 1920s. Buffalo finally saw a population gain of 6.5% in the 2020 census, reversing a decades long trend of population decline. The city has 278,349 residents as of the 2020 census, making it the 76th-largest city in the United States. Its metropolitan area had 1.1 million residents in 2020,

16002-564: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

16129-620: Was widely condemned by local authorities and unions for the negative impact on the regional economy. Lactalis, which acquired Alival through the Castelli Group, justified the closures citing financial challenges worsened by the pandemic and international crises. Despite protests, the San Gregorio plant officially closed in January 2023, with only 4 out of 84 employees being relocated. Swiss Journalist Klaus Davi strongly criticized

#922077