What’s for supper, Nestle?

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The agriculture and food production industry employed more than one billion people as of last year, or a third of the global workforce. While the industry is substantial, a relatively small number of companies wield an enormous amount of influence. (marketwatch.com)

In its report “Behind the Brand”, Oxfam International focused on 10 of the world’s biggest and most influential food and beverage companies. These corporations are so powerful that their policies can have a major impact on the diets and working conditions of people world-wide, as well as on the environment.

24/7 Wall St. reviewed the 10 companies that control the world’s food and added information on each company’s revenue, net profit, total asses, and employee count from their most recent annual report. Data were translated from foreign currencies based on the exchange rate on the final date of each company’s reporting period. Information on companies’ brands come from corporate websites and Oxfam. These are the companies that control the world’s food:

  1. Associated British Foods PLC
  2. The Coca-Cola Co.
  3. Group Danone S.A.
  4. General Mills, Inc.
  5. Kellogg Co.
  6. Mars, Inc.
  7. Mondelez International, Inc.
  8. Nestle S.A.
  9. PepsiCo. Inc.
  10. Unilever Group

These 10 companies are among the largest in the world by a number of measures. All of them had revenues in the tens of billions of dollars in 2013. Five of these companies had at least $50 billion in assets, while four had more than $6 billion in profits last year. Additionally, these 10 companies directly employed more than 1.5 million people combined – and contracted with far more.

Nestle is the largest of these 10 companies. Converted into dollars, Nestle had more than $100 billion in sales and more than $11 billion in profits in 2013. The Switzerland food giant alone employed roughly 333,000 people.

To read the entire article, click here. Read more about the companies that control the world’s food at 24/7 Wall St.

 

 

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