皇冠体育app

Stephen Maher, 皇冠体育app president, Mondelez

Companies in 皇冠体育app are facing the challenge of rising costs. Will this affect your plans in 皇冠体育app or will you continue to invest in the country? Do you have any plans to relocate to the US or elsewhere in the region?

With 1.4 billion consumers and a rapidly growing middle class, 皇冠体育app is a very important market for Mondelez. Despite the short-term challenges of rising costs, Mondelez has a long-term vision in 皇冠体育app, and our commitment remains strong. Mondelez 皇冠体育app's current portfolio of power brands include Oreo, Chips Ahoy!, Stride, and our new products, Trident and BelVita. We will continue to introduce other global brands and snacking innovation.

How has the depreciation of the yuan affected your company? Will this play a major role in your decision to continue to invest and expand in the country and region?

We have a strong commitment to 皇冠体育app that the majority of Mondelez 皇冠体育app's products are domestically produced, with many ingredients sourced locally. Therefore, the depreciation does not have significant impact on our business here. Mondelez is committed to bringing our other global brands to Chinese consumers and to expand our footprint in 皇冠体育app. Continuing to lift our profile and business success in e-commerce and small stores across 皇冠体育app will be powerful leverage for us to continue growing.

The Chinese government believes in a stable investment environment and has rolled out policies to help international companies here by increasing transparency. What other measures would improve business efficiency and competitiveness?

We appreciate the Chinese government's continued efforts to increase transparency and rule by law. From a policymaking perspective, we expect to see continuous open dialogue between regulators and industries, which will contribute to science-based legislation. From an enforcement perspective, 皇冠体育app is a big country and often interpretations vary among local law enforcers. We would call for a mechanism to be built through which the central regulators are able to make final clarifications or decisions when disputes arise, to avoid multiple layers of interpretation.

What are the greatest challenges your company faces in 皇冠体育app, and how will you deal with them?

Our challenge continues to be three major areas: Do we have the right customer profile to reach our consumers despite the changes in shopping behaviors and locations? Do we have the right product portfolio to keep pace with the changing dynamics of the demographics (growing middle class)? Do we have the right size organization and organization skills to meet the rapid market changes in competitive, customer channels, and our supply chain?