Mondelez warns of hit from coronavirus; reopens China plants

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Mondelez International Inc on Tuesday forecast a hit to its first-quarter revenu...

FILE PHOTO: The logo of Mondelez International is seen on an office building in the Glattpark district in Opfikon, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann

The Oreo maker, however, said the plants were not operating at full capacity and that it had been facing a shortage of trucks in China, one its two key markets alongside the United States, resulting in additional transportation costs. “The coronavirus happened at the high peak of consumption, which is Chinese New Year, which is very important for us and many players there,” Chief Financial Officer Luca Zaramella said at the CAGNY Conference.China, the world’s second largest economy, accounts for nearly 4.5% of Mondelez sales.

 

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Mondelez? phooey🤢🤮

This is not your mother’s organic virus. This is biological weapon. I would not touch anything possibly contaminated at least for 60 days to be on the safe side! Who knows it survives for how long under what circumstances? BE CAREFUL with items that are Made in P.R.C. stamped!

Then MDLZ should have had time to respond to my email - but they haven't - hey Mondelez, why can I not buy simple Triscuits in Canada made only w Canola oil and not generic 'vegetable oil' (to which I may be allergic)? They are available as 'canola oil' in the US.

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