Cadbury closure leaves 134 jobless
Friday, August 29, 2014
Mondelez said it had to focus its resources on larger scale manufacturing facilities where it can generate greater efficiencies to reinvest in growth. In the press statement, the company said the exercise is part of the company’s global transformation strategy to focus their snacking portfolio and reinvent its supply chain.
“The decision was taken as demand for pellet gum produced in Botswana has dropped over the years as there has been a shift in the gum consumer market towards a preference in slab gum,” reads the statement.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...