China Food

The world’s top 500 in 2020! Starbucks is on the list for the first time, and the ranking of food giants such as Nestle, Pepsi and Danone has also changed!

This evening, Fortune magazine released the list of the world’s top 500 in 2020. Judging from the ranking of food and beverage enterprises this year, the food and beverage industry has experienced a new round of “reshuffle”, with some falling out of the list and others on the list for the first time.

Snack agents browse the list and find that compared with last year’s ranking, most of the top 500 food and beverage companies in this year’s ranking have declined. Among the food and beverage fast-moving consumer enterprises on the list, only Coca Cola and its bottling company Fomento econ ó micro Mexico have improved their ranking.

First, let’s search the field of “food: consumer products”.

We can see that there are four multinational food companies on the list this year, namely Nestle, Pepsi, Danone and Yizi international. The ranking of these four companies is consistent with that of last year, but their ranking has declined in the top 500 list, and it has been two years in a row.

It is worth noting that Kraft Heinz, which ranked 472 last year, fell out of the list this year. This reduced the total number of food companies on the list by one compared with five last year.

In the sub list, Nestle continued to be the champion of the food industry with revenue of US $92.106.9 billion (revenue of 2018 listed last year: US $93.515.5 billion), ranking 82nd among the top 500 companies, down 6 places compared with last year.

Snack generation calculation found that Nestle is close to PepsiCo and the total revenue of Danone two giants together.

Under this sub list, PepsiCo, the second largest company, has $67.161 billion in revenue in 2019, ranking 160th among the top 500 companies; Danone ranks 453 with $28.302.7 billion in revenue; Yizi international ranks 495 with $25.868 billion in revenue – which means that if you don’t work hard this year, Yizi will probably “disappear” in the list next year after Kraft Heinz It’s on the list.

If we compare profits, the four top 500 food companies are ranked as Nestle, Pepsi, Yizi international and Danone.

Snack generation noticed that both Nestle and Yizi achieved growth in profits in 2019, but their revenue declined. Danone’s revenue and profits both declined year on year. PepsiCo’s profit fell 41.6% year-on-year, the biggest drop, but it is also the only one among them to achieve year-on-year growth in revenue.

Let’s take a look at the beverage list.

Compared with the food sector, the list and ranking of the top 500 beverage companies this year have not changed. The top two of the beverage list are still the “big ones” of alcoholic drinks and non-alcoholic drinks respectively, including Budweiser InBev and Coca Cola. The remaining two companies on the list are Heineken and Fomento econ ó micro Mexico, the bottling company of Coca Cola.

Among them, Budweiser InBev ranked first with revenue of $53.723 billion; Coca Cola ranked second with revenue of $37.266 billion; and Heineken ranked third with revenue of $26.827.5 billion.

Coca Cola and Heineken both achieved revenue growth, with a year-on-year increase of 17% and a year-on-year growth of 0.8%, while Budweiser InBev was the only one in the list with a revenue decline of 1.6%.

It is worth mentioning that Coca Cola and Fomento econ ó mic Mexico, the bottler of Coca Cola, rose in the top 500, ranking 335 and 482 respectively this year, compared with 395 and 488 last year.

And the other two beer giants, Budweiser InBev and Heineken, fell in the top 500.

In addition, let’s take a look at Unilever, a fast-moving consumer goods giant that also owns food and beverage business, but is classified as “household and personal goods” industry.

According to this year’s fortune list, Unilever ranked 185th (last year: 167) with $58.179 billion in revenue, both revenue and profit declined year on year.

What attracts people’s attention is that Starbucks is on the Fortune 500 list for the first time this year.

According to the list, Starbucks jumped to 478th in the top 500 with revenue of $265086 million. “While increasing the number of stores, Starbucks has also begun to focus on expanding in the digital field. In the global market, whether in the United States, Europe or Asia, mobile phone orders have become a new growth point of Starbucks business. ” Fortune said today.

In the sub list of “food: catering service industry” to which Starbucks belongs, the number one is compass group, with revenue of $31.735.7 billion in 2019, ranking 395 in the top 500. According to the data, compas has entered the Chinese market since 1995, and currently provides catering services for many Chinese customers, including tea breaks or banquets, meals for celebrations and large-scale events.

Next, let’s take a look at the “food production” list.

Compared with the food and beverage list which has not changed in sequence, the ranking of food producers in the upper reaches of the industry has changed significantly again this year. Among them, the position of the eldest and the second has not changed, and they are still ADM company and JBS company in Brazil.

However, the company’s overall ranking in the top 500 still declined from No. 258 to 285, while Tyson food rose from No. 6 last year to No. 4 this year, and its ranking in the top 500 rose from 383 to 287.

At the same time, Louis Dafu’s ranking has declined for two consecutive years. This year, it has fallen from No. 5 to No. 6 in the sub list, while the overall ranking of the top 500 has dropped from 302 to 371, with revenue decreasing by 16.7% to $33.786 billion.

The snack generation noticed that Abbott, which belongs to the “medical equipment and equipment” industry in the list, but also has infant formula milk powder and other nutritional products business, ranked 393 this year, up 15 places from last year. The company’s revenue in 2019 was $31.904 billion, up 4.3% year-on-year, and its profit was $3.687 billion, up 55.7% year-on-year.

So, in China, what is the performance of food related enterprises on the list this year?

Xiaoshidai noted that the ranking of China Resources Co., Ltd. this year has risen by one place compared with that of last year, ranking 79th with operating revenue of US $94.757.8 billion (3% year-on-year growth). Another COFCO Group Co., Ltd. ranked No. 136 this year with revenue of US $72.148.8 billion (a year-on-year increase of 1.3%) and 134 last year.

It is worth noting that fortune today wrote that the most striking change in the list this year is that Chinese mainland companies have achieved a historic leap: this year, the number of Chinese mainland companies (including Hongkong) has reached 124, and for the first time in history, it surpassed the United States (121). Together with Taiwan enterprises, there are 133 Chinese companies on the list.

“Since the Fortune 500 list was published in 1995, no other country or region has seen such a rapid growth in the number of enterprises.” However, the profitability of Chinese enterprises is low, and Chinese enterprises are facing a new challenge of “from big to strong”, according to fortune.

In addition, fortune pointed out that the operating income of the Fortune 500 enterprises this year reached 33 trillion US dollars, a record high, close to the total GDP of China and the United States. Therefore, if you want to be one of the world’s top 500 companies, the threshold (minimum sales revenue) to be on the list has also increased from US $24.8 billion to US $25.4 billion.

Judging from the overall top 500 ranking, Wal Mart has become the world’s largest company for the seventh consecutive year, Sinopec still ranks second, State Grid rises to third, PetroChina ranks fourth, and shell oil drops to fifth.

Fortune pointed out that in terms of ranking changes, Prudential Group has risen 292 places this year. It is worth mentioning that six of the top ten companies that have jumped the fastest in the rankings are insurance companies. The two fastest-growing companies in China are also in the insurance industry, namely, AIA (up 138) and Cathay Pacific Financial Holdings (81).

There are seven Internet related companies on the list this year, including Amazon, alphabet and Facebook in the United States, as well as Jingdong group, Alibaba group, Tencent Holdings Limited and Xiaomi group from China. The ranking of these big Internet companies in China and the United States has improved compared with last year. Among them, the largest increase in ranking is Alibaba, up 50 places.

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