综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Hershey seeks sweet spots in China market expansion

By Wu Yiyao in Shanghai | China Daily | Updated: 2017-11-14 09:36
Share
Share - WeChat

US confectionery company Hershey is seeking to boost sales by expanding its online business in the China market.

According to Rohit Grover, CEO of Hershey's China operation, the company has taken over the brand's all-online flagship operations in China market, and will allocate more resources to expand business through e-commerce channels in the next few years.

"We believe that consumption of chocolate in China will grow fast amid steady and stable economic growth. Chocolate, which used to be (a) luxury decades ago ... has become (an item of) day-today consumption, and the potential (for) growth is great", he said.

Despite the fact that the confectionery business in China has experienced difficulties in the past few years, Mintel data indicate that China's 18.4-billion-yuan ($2.8 billion) chocolate market is likely to expand amid China's consumption upgrade.

Demand for premium chocolate will grow particularly fast, the report said.

In 2016, China's consumption of chocolate per capita was 0.16 kilogram, versus 8.61 kilograms in the UK, the world's largest chocolate consumer by volume per capita.

"Hershey, positioned as mass-premium, would think that growth from 0.16 kilogram to 1.6 kilograms would be significant enough for confectionery business. The room for growth is great, and potential is vast," Grover said.

According to a report by Euromonitor, China's chocolate market, after a 3 percent decline in 2015 and a 1 percent drop in 2016, is likely to recover in 2017.

Besides Hershey and Hershey Kisses, the two most widely known products in China, the company also has its eyes on the food service sector, which may require chocolate syrup in the China market, according to Grover.

China has become one of the top three international markets (outside the US) for Hershey, and is one of the most important markets for the company, Grover said.

According to its latest quarterly report, New York-listed Hershey's sales in North America continued to grow in the third quarter of this year with 1.6 percent growth in volume. Net sales in China remained on par with the year-ago level.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
黄山市| 额尔古纳市| 新竹市| 龙江县| 中江县| 许昌市| 镇平县| 东阿县| 北海市| 东阿县| 随州市| 大城县| 天长市| 海晏县| 房山区| 洪湖市| 乐都县| 济宁市| 新疆| 洛隆县| 平武县| 即墨市| 哈巴河县| 富阳市| 木里| 吴江市| 辰溪县| 车致| 上虞市| 新巴尔虎左旗| 舒兰市| 南城县| 达州市| 托克托县| 龙川县| 怀安县| 化隆| 米泉市| 贵德县| 上林县| 渝中区|