Mondelez Restructures Russian Operations Following Declines from Ukraine War Impacts
Portfolio Pulse from Nabaparna Bhattacharya
Mondelez International plans to scale down its operations in Russia due to higher costs associated with the war with Ukraine. The company will discontinue new capital investments, product launches, and advertising media spending in Russia, and aims to make its Russian business a stand-alone entity with a self-sufficient supply chain by the end of the year.
June 16, 2023 | 12:49 pm
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Mondelez International is scaling down its operations in Russia due to higher costs from the Ukraine war, which may impact the company's overall sales and growth.
Mondelez is scaling down its operations in Russia, which will result in discontinued new capital investments, product launches, and advertising media spending. This decision is due to the higher costs associated with the war with Ukraine, which has already impacted the company's overall sales and growth. As a result, the stock price of MDLZ may face short-term negative pressure.
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