Daily Archives: April 3, 2018

Hershey Announces Cocoa For Good, the Company’s Half-Billion Dollar Sustainable Cocoa Strategy

Hershey Cocoa For Good

Mary Afrakomah, 7, at the Hemang Buoho D/A Primary School, Afigya Kwabre District, Ashanti Region, Ghana, holding a Vivi packet, a vitamin fortified groundnut-based snack that is provided to 50,000 school children in Ghana every day through Hershey’s Energize Learning program. (credit: The Hershey Company)

HERSHEY, Pa., April 03, 2018 (GLOBE NEWSWIRE) — The Hershey Company (NYSE:HSY) today announced Cocoa For Good, its holistic  cocoa sustainability strategy. The comprehensive strategy addresses the most pressing issues facing cocoa-growing communities: poverty, poor nutrition, at-risk youth, and vulnerable ecosystems. Hershey seeks to bring positive change in these areas through collaborative programs, partnerships and significant investment, including a half-a-billion-dollar commitment by 2030.

“A sustainable cocoa supply depends on a multi-stakeholder collaborative approach to find solutions to the social, environmental and economic challenges facing cocoa-growing communities,” said Susanna Zhu, Chief Procurement Officer. “As a critical player in the cocoa value chain, we are committed to doing our part. The Hershey Company has been partnering with key stakeholders in the cocoa sector for more than 100 years. Under Cocoa For Good, we continue to work toward a future where there’s a long-term, sustainable cocoa supply, the natural environment is protected, and we are creating better lives for everyone. It’s good for the cocoa farmers, families, communities, chocolate consumers and the success of our business.”

Cocoa For Good focuses investments and work in four key areas: Nourishing Children, Elevating Youth, Prospering Communities and Preserving Ecosystems. Hershey’s comprehensive strategy prioritizes:

  • Increased family access to good nutrition. The Hershey legacy is based on the core ideal of providing opportunities for children to succeed. Healthy minds start with the right nutrition and improving access to food has a positive ripple effect – enabling children to reach their potential in school and adults to thrive in their jobs.
  • Elimination of child labor and increased youth access to education opportunities. Today’s youth will be tomorrow’s leaders, so The Hershey Company is working with partners to equip youth in cocoa-growing regions with the skills and resources they need to build successful futures, in their local communities and beyond. Elimination of child labor, a known symptom of poverty, is a fundamental component of this ambition.
  • Increased household incomes for women and men. Growing the opportunity and means for women and men to sustain healthy livelihoods in cocoa-growing communities is essential to safeguarding the future of these communities. The Hershey Company is investing in programs to economically empower women and help all farmers support prosperous businesses.
  • Zero deforestation and increased agroforestry. Thriving cocoa communities are built on healthy ecosystems, so we’re working to protect forests and climates. Investing in innovative agroforestry methods and growing cocoa in shaded areas that are more productive are ways Hershey is working to preserve the cocoa ecosystem and protect forests.

“Cocoa is a tremendous part of the livelihoods for the people of Côte D’Ivoire and public-private partnerships are critical to improving the lives of people living in cocoa communities and protecting our precious natural resources,” said H.E. Daniel Kablan Duncan, Vice President of the Republic of Côte D’Ivoire. “We value our partnership with The Hershey Company and look forward to working together to bring about the meaningful change that this new investment will catalyze.”

Hershey Cocoa For Good

Farmers tending to cocoa seedlings at the Kwame Adu Community/Group Cocoa Seedling Nursery, in Adansi South, Ashanti Region, (credit: The Hershey Company)

Cocoa For Good is expected to impact the lives of thousands of farmers in cocoa-growing regions with a focus on West Africa where about 70 percent of the world’s cocoa is grown. Owusu Prempeh, from Kwame Adu in the New Edubiase District of Ghana, has been farming cocoa for the last five years and through collaborative initiatives from The Hershey Company, she has received training and support to increase cocoa yields year over year.

“I have sold cocoa to many companies, but I have not benefitted from them like I have with Hershey. The trainings have increased productivity on my farm, especially with the extensive pruning of my cocoa trees,” said Prempeh. “I am grateful to Hershey for the premiums they paid to us. We used part of our premium to purchase school uniforms, school bags, books and other school accessories to support school children in the community.”

From numerous programs that support the livelihoods of cocoa farmers and communities worldwide, to aligning its work to contribute to the United Nations Sustainable Development Goals, The Hershey Company is helping to build a more sustainable world, and the launch of Cocoa For Good is another important step on that journey.

For more information on Cocoa For Good visit our website.

About The Hershey Company
The Hershey Company, headquartered in Hershey, Pa., is a global confectionery company known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. Hershey has approximately 18,000 employees around the world who work every day to deliver delicious, quality products. The company has more than 80 brands around the world that drive more than $7.5 billion in annual revenues, including such iconic brand names as Hershey’sReese’sHershey‘s KissesJolly Rancher and Ice Breakers. Building on its core business, Hershey is expanding its portfolio to include a broader range of delicious snacks.

At Hershey, goodness has always been about more than delicious products. For more than 120 years, Hershey has been committed to operating fairly, ethically and sustainably. Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company has focused on giving underserved children the skills and support they need to be successful. Today, the company continues this social purpose through ‘Nourishing Minds,’ a global initiative that provides basic nutrition to help children learn and grow. From neighborhoods across the United States to the streets of Shanghai and Mumbai and villages of West Africa, our goal is to nourish one million minds by 2020.

To learn more –
Visit: www.thehersheycompany.com

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Media Contact:
Jeff Beckman
jbeckman@hersheys.com
(717) 534-8090

Photos accompanying this announcement are available at
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YPO Global Pulse Survey: Which Disruptive Technologies Command Attention and Investment of CEOs Globally, Now?

Survey of 10 disruptive technologies highlights those most likely to impact businesses and investments in the next 12 months

DALLAS, April 03, 2018 (GLOBE NEWSWIRE) — YPO, the premier chief executive leadership organization in the world, announced today the results of the March 2018 YPO Global Pulse Survey, revealing that chief executives across the world are focused on core business technologies, such as cloud computing, business intelligence (BI) and cybersecurity, whilst adoption and investment of emerging technologies such as blockchain, artificial intelligence (AI) and cryptocurrency are likely to be sector-driven.

Disruptive Technologies Attracting CEO Attention and Likely Investment Globally:

  • Cloud computing is a key priority for chief executives globally – more than two thirds (68%) of chief executives report that cloud computing is likely to impact their business in the next 12 months, and 62% state that they are likely to invest in cloud-based technologies.
  • Business Intelligence (BI) has the attention of CEOs – 65% of chief executives surveyed expect BI to impact their organizations and more than half (56%) are likely to invest in business intelligence in the coming 12 months.
  • Cybersecurity is a disruptive technology that chief executives have prioritized given the scale and severity of recent high-profile consumer data breaches, 53% of chief executives are expecting cybersecurity to impact their business and 47% state that they are likely to invest in cybersecurity technology in the coming year.

“What I’m hearing from YPO global business leaders right now is that digital transformation remains at the very top of their priorities in 2018. Several disruptive technologies are expected to garner widespread attention and investment this year, such as cloud computing, cybersecurity, business intelligence and mobile payment applications,” said Scott Mordell, CEO of YPO. “YPO members are embracing technology to address regulatory requirements, harness business data for improved efficiency and increased financial performance, and to match consumer demand for new and innovative ways to interact with their businesses.”

Despite Expected Disruption, CEOs Less Likely to Invest in These Technologies in the Next Year:

  • Although virtual reality (VR)/Augmented Reality (AR) are widely noted as technologies likely to impact most industries, most CEOs surveyed are not actively investing in those technologies yet. However, within architecture and engineering sectors, 83% of business leaders expect VR to impact their business and 64% plan to invest in it over the next 12 months, as compared to only 23% of all chief executives surveyed willing to invest in these technologies now.
  • Similarly, artificial intelligence (AI) is perceived as likely to impact businesses, but CEOs are less likely to invest in AI this year as cloud computing, business intelligence, cybersecurity and digital/mobile payment applications, which are commanding more immediate attention and likely candidates for investment in the next 12 months.
  • CEOs are least familiar with chatbot technology, followed by blockchain and cryptocurrency among the 10 disruptive technologies surveyed. As a result, they tend to discount the likelihood of disruption to their businesses from these new emerging technologies and show much lower interest in investing in these technologies this year.

Disruptive Technology Investment Driven by Specific Industry Sectors

The levels of familiarity and interest in many disruptive technologies are determined by industry.  For instance, although there has been much media attention and discussion around blockchain and cryptocurrency, most CEOs do not see either of those technologies as particularly likely to impact their businesses, and are not likely to invest in those technologies. However, blockchain has gained the attention and investment of CEOs in the financial services sector.

  • More than half (58%) of chief executives in financial services expect blockchain technology to impact their organization over the next 12 months, and as many as 40% expect to make investments in the technology.
  • The Internet of Things (IoT) is cited as a key technology area by business leaders within the telecom, architecture, engineering and technology sectors. More than three quarters (78%) of chief executives in telecoms expect IoT to impact their business and almost all of them (96%) expect to make investments in IoT over the next 12 months.

“The findings of the YPO Global Pulse reveal that the short-term business impact and investment strategy associated with a particular technology is largely dependent on the specific industry in which you operate,” noted Scott Mordell, CEO of YPO. “It will be fascinating to see how priorities and focus change over the next year as disruptive technologies such as AI and virtual reality become more mainstream.”

YPO Global Pulse® Survey

The YPO Global Pulse provides insight into the perspectives of chief executives around the world on topics that influence businesses, leadership and impact. The March 2018 Global Pulse survey results provide key insight into the understanding, attitudes and investment plans of chief executives around the world, regarding the 10 disruptive technologies that are attracting attention right now. The March 2018 YPO Global Pulse survey provides perspectives from 842 YPO members, from 15 different regions of the world and across 28 industry sectors. Visit www.ypo.org/globalpulse for more information about the survey methodology and results.

About YPO

The premier leadership organization of chief executives in the world.

YPO is the global platform for chief executives to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact.

Today, YPO empowers more than 25,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ more than 16 million people and generate USD6 trillion in annual revenues.

Leadership. Learning. Lifelong. For more information, visit‪ YPO.org.

Contact:
YPO
Linda Fisk
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298
press@ypo.org

ISRAELI PM SUSPENDS DEAL TO RESETTLE AFRICAN ASYLUM SEEKERS

JERUSALEM – Israeli Prime Minister, Benjamin Netanyahu, said on Monday, he is suspending a landmark agreement with the UN, to resettle African asylum seekers, hours after he first announced the deal.

The resettlement deal was supposed to cancel a government plan, to deport from Israel, thousands of Eritrean and Sudanese asylum seekers, and instead resettle half of them in Western countries, and allow the others to remain in Israel.

The announcement on the agreement, with the United Nations Refugee Agency, triggered harsh criticism by ultra-nationalist activists, who demanded to deport all of the asylum seekers, and top cabinet ministers, who said, they were not consulted about the deal in advance.

About seven hours after Netanyahu lauded the agreement, as a “good deal,” in a televised press conference, he said the deal is “suspended.”

In a post on his Facebook page, Netanyahu said that, he and Interior Minister, Arieh Deri, would meet with “representatives of southern Tel Aviv” on Tuesday (today), where most of the asylum seekers are located.

Source: NAM NEWS NETWORK

AFDB URGES AFRICAN GOVERNMENTS TO WORK FOR AFGRO-INDUSTRIALIZATION

ACCRA — African Development Bank (AfDB) President Dr Akinwumi Adesina has called for a more aggressive push towards agro-industrialization by African governments so as to drive sustainable economic growth on thecontinent.

It is time the continent moves to the top of the global food value chain by adding value to what it has been producing, Adesina said in a statement received here Monday.

Referring to the enormous benefits Africa stood to enjoy through the processing of raw cocoa beans into chocolate, he noted that the continent now received just about five per cent of the 100 billion US dollars of the annual chocolate value.

With experts predicting that the demand for chocolate is most likely to continue, he said this was a huge opportunity which should be seized by the cocoa producer countries.

Africa accounts for about 75 per cent of the world’s cocoa production, with Cote d’Ivoire and Ghana being the top two producers, but has not been able to cut for itself a bigger slice of the global chocolate market value because it has just been exporting the raw beans.

The statement said the situation should radically change and that the leading producers could not continue to be stuck at the bottom of the value chain, dominated instead of dominating.

African farmers sweat, while others eat sweets. While the price of cocoa has hit an all-time low, profits of global manufacturers of chocolate have hit an all-time high. It’s time to process Africa’s cocoa in Africa, and end Africa being at the bottom of the global value chain, the statement said.

The AfDB has been leading a call to action for Africa to agro-industrialize and says this is the key to economic transformation. Africa must not be locked at the bottom – it must rapidly add value to what it leads the world in producing.

It should start producing chocolate to compete with Belgium, Switzerland, United States, France and the others. This is the way forward to bring in more money, boost production and provide job opportunities.

The Bank’s call reinforces the significance of recently signed cocoa agreement between Ghana and Cote D’ Ivoire – the Abidjan Declaration, which seeks to better the pricing regime, harmonize cocoa marketing policies, intensify collaboration in the field of scientific research and processing of the raw beans for consumption locally, regionally and internationally.

Source: NAM NEWS NETWORK

AFDB URGES AFRICAN GOVERNMENTS TO WORK FOR AFGRO-INDUSTRIALIZATION

ACCRA — African Development Bank (AfDB) President Dr Akinwumi Adesina has called for a more aggressive push towards agro-industrialization by African governments so as to drive sustainable economic growth on thecontinent.

It is time the continent moves to the top of the global food value chain by adding value to what it has been producing, Adesina said in a statement received here Monday.

Referring to the enormous benefits Africa stood to enjoy through the processing of raw cocoa beans into chocolate, he noted that the continent now received just about five per cent of the 100 billion US dollars of the annual chocolate value.

With experts predicting that the demand for chocolate is most likely to continue, he said this was a huge opportunity which should be seized by the cocoa producer countries.

Africa accounts for about 75 per cent of the world’s cocoa production, with Cote d’Ivoire and Ghana being the top two producers, but has not been able to cut for itself a bigger slice of the global chocolate market value because it has just been exporting the raw beans.

The statement said the situation should radically change and that the leading producers could not continue to be stuck at the bottom of the value chain, dominated instead of dominating.

African farmers sweat, while others eat sweets. While the price of cocoa has hit an all-time low, profits of global manufacturers of chocolate have hit an all-time high. It’s time to process Africa’s cocoa in Africa, and end Africa being at the bottom of the global value chain, the statement said.

The AfDB has been leading a call to action for Africa to agro-industrialize and says this is the key to economic transformation. Africa must not be locked at the bottom – it must rapidly add value to what it leads the world in producing.

It should start producing chocolate to compete with Belgium, Switzerland, United States, France and the others. This is the way forward to bring in more money, boost production and provide job opportunities.

The Bank’s call reinforces the significance of recently signed cocoa agreement between Ghana and Cote D’ Ivoire – the Abidjan Declaration, which seeks to better the pricing regime, harmonize cocoa marketing policies, intensify collaboration in the field of scientific research and processing of the raw beans for consumption locally, regionally and internationally.

Source: NAM NEWS NETWORK