Mondelez International Inc on Tuesday forecast a hit to its first-quarter revenu...
FILE PHOTO: The logo of Mondelez International is seen on an office building in the Glattpark district in Opfikon, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann
The Oreo maker, however, said the plants were not operating at full capacity and that it had been facing a shortage of trucks in China, one its two key markets alongside the United States, resulting in additional transportation costs. “The coronavirus happened at the high peak of consumption, which is Chinese New Year, which is very important for us and many players there,” Chief Financial Officer Luca Zaramella said at the CAGNY Conference.China, the world’s second largest economy, accounts for nearly 4.5% of Mondelez sales.
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