As the war intensifies in Ukraine, food and beverage companies are under growing pressure from consumers and investors to scale back or suspend their operations in Russia.

Companies have taken divergent paths in responding to the situation with Russia. Some like Diageo and Carlsberg made a decision just a few days after the crisis to pause exports, while others remain quiet two weeks later.

Mars Wrigley, the maker of M&Ms and Milky Way, just announced it was suspending new investments as well as imports and exports of its products in the country, and scaling back operations. Several businesses, including Danone, PepsiCo and Nestlé, have announced they are stopping sales to all but necessary essential items like milk or baby formula.

Source

Back to Latest