PLAY Food & Drink Business News Bulletin: 27 August
In the news this week: Lion, China Mengniu Dairy Company, Bubs Australia, Aldi, earnings season update.
Sponsored by Hydroflux.
Sponsored by Hydroflux.
New European rules on generic environmental claims have prompted the Australasian Bioplastics Association to warn that packaging carrying poorly substantiated claims could be marketed in Australia.
Australia's environment ministers have declared packaging reform urgent and named soft plastics as an initial priority, but offered no firm timetable or regulatory commitments. SPSA has welcomed the soft plastics focus, while Boomerang Alliance and WMRR have raised concerns about the lack of concrete action.
Economic analysis commissioned by SPSA estimates national recycling reforms could deliver up to $278m in net productivity gains and stimulate up to $2.6b in capital investment each year.
