PLAY PKN: Video News Bulletin 10 July

In the news this week: APCO, Pact Group, Coles, REDcycle, pandemic-driven increase in packaging market size.

Brought to you by Foodmach.

Food & Drink Business

Nestlé has outlined its plan to find “at least” $4.3 billion (CHF 2.5 billion) in cost savings by the end of 2027 and spin off its water and premium beverages business into a standalone company from 1 January 2025.

A national network for young grape and wine professionals has been launched, set to foster the next generation of winemakers, viticulturists, cellar door staff, wine judges and other roles in Australia’s wine sector.

A new bill was introduced to Parliament on 19 November, which offers a framework for regulating the sale or importation of organic goods in Australia, and stronger opportunities for exporting organic products.