Tag Archives: Business News

4 million Australians go hungry everyday: Kellogg’s combative plan for food security!

In the last 10 years alone, Kellogg has provided 3 billion servings of food to people in need, supported 329,000 farmers through climate-smart agriculture programs and reduced greenhouse gas emissions to the equivalent of taking 317 million miles off the road2.

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“Today, the number of people affected by food insecurity is staggering. There are more than 820 million hungry people in the world1, the majority of whom are women and girls.   As a leading global plant-based food company, achieving food security is at the heart of Kellogg Company’s commitment to society.”  said Chairman and CEO, Steve Cahillane when announcing its Corporate Responsibility Report, Creating Better Days.

Continue reading 4 million Australians go hungry everyday: Kellogg’s combative plan for food security!

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Why do corporations like Boeing and VW Prematurely launch killing machines?

Professor Janek Ratnatunga is the CEO of the Institute of Certified Management Accountants and asks the question…. He has held senior appointments at the University of South Australia, Monash University, University of Melbourne, and the Australian National University in Australia; and the Universities of Washington, Richmond and Rhode Island in the USA. Prior to his academic career he worked as a chartered accountant with KPMG.   He has also been a consultant to many large Australian and international companies and to the World Bank.

Cost-benefit analyses that compare quality-cost relationships, profits, and market share with the risks of failure may be at the heart of decisions to prematurely launch products that are known to be faulty, according to Professor Janek Ratnatunga, CEO of the Institute of Certified Management Accountants (ICMA).

Professor Ratnatunga believes it is time to consider the management accounting implications, “when the faults of some of these products are so great that corporations are actually launching glorified killing machines.”

Continue reading Why do corporations like Boeing and VW Prematurely launch killing machines?

Expedia.com: The trending destinations and accommodation of 2018

Expedia.com® analysed thousands of data points this year to identify the top trends in travel for 2018, and the results show that travelers are increasingly interested in unique and novel experiences.  Highlights from the report include the rise of secondary destinations like Chiang Mai, the Azores and Cartagena, and non-traditional lodging options such as tentalows and houseboats. In the activities and attractions space, observation decks and architectural landmarks saw the biggest growth, with cooking classes and other culinary experiences close behind.

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Versace & Michael Kors: The merge of two power houses!

It’s the news that has shaken the entire fashion industry, New York based global luxury group Michael Kors announced they purchased the outstanding shares of Italian luxury fashion house Gianni Versace for a total enterprise value of AUD$2.7bn. Continue reading Versace & Michael Kors: The merge of two power houses!

Coca Cola’s new Kombucha range

The Coca-Cola Company has acquired kombucha maker Organic & Raw Trading Co., which makes the MOJO brand of naturally fermented, live culture, organic kombucha drinks.

MOJO kombucha – which is sold throughout Australia – is made from naturally fermented tea and is the fastest-growing beverage category in Australia. Continue reading Coca Cola’s new Kombucha range