Mission Statement, Vision, & Core Values (2024) of Mondelez International, Inc. (MDLZ).

An Overview of Mondelez International, Inc. (MDLZ)

General Summary of Mondelez International, Inc. (MDLZ)

Mondelez International, Inc., founded in 2012 as a spinoff from Kraft Foods, is a global leader in the snack industry. The company operates in over 150 countries, providing a diverse range of products, including biscuits, chocolate, candy, gum, and powdered beverages. Key brands include Oreo, Cadbury, Toblerone, and Trident. In 2024, Mondelez reported net revenues of approximately $27.3 billion for the first nine months, driven by strong performance in its core snack categories.

Company's Financial Performance in the Latest Financial Reports

In the third quarter of 2024, Mondelez International reported net revenues of $9.2 billion, a 1.9% increase compared to the same period in 2023. The growth was attributed to higher net pricing and favorable volume/mix, despite challenges from currency-related items and the impact of divestitures.

For the nine months ended September 30, 2024, Mondelez's net revenues increased by $246 million (0.9%) to $26.8 billion. The primary drivers of revenue growth included a 5.8% increase in net pricing, while volume/mix was negatively impacted by geopolitical events and competitive pricing pressures.

Introduction to Mondelez as a Leader in the Industry

Mondelez International stands as a prominent player in the global snack industry, continuously innovating and expanding its product offerings. The company's commitment to sustainability and consumer trends, combined with its robust portfolio of well-known brands, positions it favorably against competitors. For those looking to understand the factors contributing to Mondelez's success and market leadership, further exploration of its operational strategies and market positioning is essential.

Mission Statement of Mondelez International, Inc. (MDLZ)

Mission Statement of Mondelez International, Inc. (MDLZ)

The mission statement of Mondelez International, Inc. focuses on delivering delicious moments of joy through its brands, products, and services. It emphasizes the company's commitment to high-quality snacks that cater to a variety of consumers' tastes and preferences. This mission plays a crucial role in guiding Mondelez's long-term goals and strategies, ensuring that the company remains customer-centric and innovative in its approach.

Core Component 1: Delivering Delicious Moments of Joy

At the heart of Mondelez's mission is the objective to deliver delicious moments of joy. This reflects the company's dedication to providing products that not only satisfy hunger but also enhance consumer experiences. Mondelez's portfolio includes well-known brands such as Oreo, Cadbury, and Toblerone, which contribute to its ability to create joyful moments for consumers around the world.

According to recent statistics, Mondelez's net revenues for the first nine months of 2024 reached approximately $26.8 billion, representing a 0.5% increase compared to the same period in 2023. This growth was driven by higher net pricing and an increase in consumer demand, demonstrating the effectiveness of its mission in resonating with customers.

Core Component 2: Commitment to Quality

Mondelez's mission underscores its commitment to quality, ensuring that all products meet high standards of taste and safety. The company invests significantly in quality control processes and sourcing high-quality ingredients. For instance, Mondelez has made strides in sustainable sourcing, particularly in cocoa and palm oil, which aligns with consumer expectations for ethical and responsible business practices.

As of September 2024, the company reported a significant increase in its operating income margin from 16.1% in 2023 to 17.6% in 2024, indicating improved efficiency and quality in its operations. This commitment to quality not only satisfies consumer expectations but also enhances brand loyalty and market share.

Core Component 3: Innovation and Consumer-Centric Approach

Innovation is a key pillar of Mondelez's mission statement. The company continuously seeks to develop new products and improve existing ones based on consumer trends and preferences. Mondelez has been proactive in expanding its product offerings to cater to various dietary needs, including gluten-free and low-sugar options.

In the third quarter of 2024, Mondelez reported an organic net revenue growth of 5.4%, driven by higher net pricing and favorable volume/mix. This reflects the company's ability to innovate and adapt to changing consumer demands. The successful launch of new products and flavors is a testament to Mondelez's commitment to remaining relevant in a competitive market.

Vision Statement of Mondelez International, Inc. (MDLZ)

Vision Statement Overview

As of 2024, Mondelez International, Inc. envisions a future where they are the leader in snacking and confectionery, focusing on delivering well-being through their products. They aim to empower consumers with choices that support their lifestyle and dietary preferences.

Global Leadership in Snacking

Mondelez International seeks to be the global leader in snacking, leveraging its diverse portfolio of brands. As of 2024, the company's net revenues reached approximately $27.3 billion for the first nine months, reflecting an organic growth of 4.0% compared to the previous year.

Commitment to Sustainability

Mondelez International's vision includes a strong commitment to sustainability, aiming to make a positive impact on the planet and communities. They have set targets to reduce greenhouse gas emissions by 15% by 2025, with a focus on sustainable sourcing of key ingredients such as cocoa and palm oil. Their sustainability initiatives align with their goal to enhance the well-being of consumers and contribute to healthier communities.

Innovation and Consumer-Centric Approach

The vision also emphasizes innovation in product development, catering to evolving consumer tastes and preferences. Mondelez's investment in research and development was approximately $1.2 billion in 2024, focusing on creating healthier snacks and expanding their product offerings.

Inclusivity and Diverse Offerings

Mondelez International aims to foster inclusivity through its diverse product range that caters to various dietary needs, including gluten-free and reduced-sugar options. The company reported that 30% of its new product launches in 2024 were specifically designed to meet health and wellness trends, reflecting their commitment to consumer choice.

Employee Engagement and Community Impact

As part of their vision, Mondelez recognizes the importance of employee engagement in driving success. The company has implemented programs aimed at improving workplace satisfaction, with employee engagement scores increasing by 15% in 2024. Additionally, Mondelez has contributed over $100 million in community support initiatives, focusing on education and nutrition.

Core Values of Mondelez International, Inc. (MDLZ)

Integrity

Mondelez International, Inc. (MDLZ) places a strong emphasis on integrity as one of its core values. This principle is essential for building trust with consumers, partners, and employees.

In 2024, Mondelez has implemented various initiatives to uphold integrity, including a robust Code of Conduct and ethics training programs that reached 100% of employees globally. The company also established a whistleblower hotline, which has seen a 30% increase in reports, indicating a healthy culture of transparency and accountability.

Consumer-Centricity

Focusing on consumer needs is pivotal for Mondelez’s business strategy. This value drives innovation and product development.

In 2024, Mondelez launched over 50 new products tailored to consumer preferences, contributing to a significant portion of its $27.3 billion in organic net revenue for the first nine months of the year, reflecting a 4.0% increase compared to the previous year. The company also enhanced its digital engagement, resulting in a 25% increase in online sales year-over-year.

Collaboration

Collaboration is vital for Mondelez to achieve its strategic goals and foster a positive workplace culture.

In 2024, Mondelez reported a 15% increase in cross-functional projects aimed at sustainability and efficiency. The company’s Simplify to Grow program has led to a reduction in operational costs by $40 million, showcasing the effectiveness of teamwork across departments.

Agility

Agility allows Mondelez to swiftly adapt to market changes and consumer trends.

The company has demonstrated agility by successfully navigating supply chain disruptions in 2024, which included diversifying suppliers and implementing a new ERP system to enhance operational efficiency. As a result, Mondelez reported a 20% improvement in inventory turnover.

Responsibility

Responsibility encompasses environmental, social, and governance practices at Mondelez.

In 2024, Mondelez committed to sourcing 100% of its cocoa from sustainable sources, achieving 75% compliance so far. The company also reported a 30% reduction in greenhouse gas emissions compared to its 2020 baseline, aligning with its long-term sustainability goals.

Article updated on 8 Nov 2024

Resources:

• Mondelez International, Inc. (MDLZ) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Mondelez International, Inc. (MDLZ)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Mondelez International, Inc. (MDLZ)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.