Nestle signs the European Plastics Pact, commit itself to using 100% recyclable packaging

Nestlé has announced the signing of the European Plastics Pact to help achieve its goals of ensuring packaging is 100% reusable or recyclable by 2025.

Earlier this year, Nestlé committed £1.59bn to source food-grade recycled plastics to be used in its packaging

Nestlé UK and Ireland was a founding member of the world’s first plastic pact, launched in the UK by WRAP in 2018. The company has now committed to a European version of the pact, convened by France and the Netherlands, to promote the circular economy across its European markets.

The European Plastics Pact commits signatories to reducing virgin plastic products and packaging by at least 20%, raising the collection and recycling capacity of plastics in Europe by at least 25% and boosting the use of recycled content in plastic packaging to an average of 30%.

Nestlé’s chief executive for  Europe, Middle East and North Africa Marco Settembri said that the company is pleased to sign the European Pact. He also said that one of their major objectives is to create a circular economy by improving collection, sorting and recycling schemes across Europe.

 

 

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Six reasons why many businesses fail.

1.Limited knowledge about the business: 

Many don’t know enough in the business they are doing. You need to know the business you are doing well. That is

why companies send their staff on trainings. If you are a hair stylist for instance and you don’t do people’s hair well,

they will not come back.

2. It is not every need that you must meet:

You must not meet every need, otherwise it will kill your business. Some people just don’t want to work, they just

like to be a liability.

3. Living above your means:

Many live above their means. Live within your limits. Rent a house that is within your level. Wear clothes that is

within your limits. Focus on your needs and not your wants.

4. Avoid gambling:

This is one of the silent killers of business. It makes you believe that any money you put into it, you will make 10

times that amount when you win. Now one bad thing about gambling is that, when you loose, you console yourself

that next time you will win and recover all that you have lost. And then it goes on and on like that. And if luck is not

on your side, you may end up loosing your business capital.

5. Addiction to drugs:

If you want your business to grow, then you have to stay away from drugs, because drugs has a certain spirit that

goes  with it. Once you start, it’s difficult to stop and once you can’t stop, it becomes addiction. And once you are

addicted  to drugs, your business will definitely go down, because you will want to take it all the time, and it is not

cheap.

6. Avoid womanising: Women are not cheap.

Womanising is also another business silent killer. So if you want your business to grow, you must stay away from

women.

 

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Unilever offers more choice and less plastic to their biggest refillery in Indonesia

Unilever says they are offering more choice and less plastic to their biggest refillery in Indonesia.

Unilever who has joined forces with Indonesia’s Saruga packaging-free store in Bintaro to launch its biggest product refillery yet says that, from the middle of March, consumers will be able to shop for 11 of Unilever’s brands, buying as much or as little of the product as they want, using their own containers.

Below are the list of products on offer at the pilot refill station:

Home Care brands Rinso, Molto, Sunlight and Super Pell; Beauty & Personal Care brands Lifebuoy, Clear, Dove, Sunsilk,TRESemmé and Love Beauty and Planet; and Indonesia’s home-grown sweet soy sauce, Bango.

 

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A note on coronavirus from burger kings to their loyal customers

Christopher Finazzo, President BK Americas has assured it’s loyal customers safety in respect to COVID-19.

He wrote;

As you can imagine, with the ever-growing concern for public health and the spread of Coronavirus (COVID-19), we have spent the last few weeks diligently learning about what we can do to keep all our guests safe when you come to our restaurants.

The Burger King® brand operates more than 7,000 restaurants in the United States, and another 12,000 restaurants in 109 countries around the world, and we are working on several things to ensure we are doing our best for you.

Safety: We are proud to say we have best-in-class cleaning procedures in place in our restaurants worldwide. We have handwashing, sanitization and cleaning rules that make sense. We wipe down pin-pads and door handles. We disinfect tables, chairs and all the surfaces in our restaurants.In light of COVID-19, we have increased the frequency of these cleanings, which now occur multiple times every hour at each of our restaurants.

Experts: We are connected with government experts. Whether it’s the CDC here in the United States or local government experts around the world. When the crisis started in China, we were among the first to do everything that these experts asked of us.

Teamwork: We are working hard with our amazing restaurant owners and their team members to always do the right thing for you, our guest. We will never cut corners. We have been America’s burger brand for over 50 years and it’s because you can trust that we strive to do the right thing.

Delivery: We have been meeting with the world’s biggest delivery partners to make sure they can handle increased demand for delivery. We offer BK Delivery on the BK Mobile App, BK.com, and with Uber Eats, DoorDash, GrubHub, and Postmates. The BK Mobile App also offers simple ordering and pickup through the drive-thru or in-store, helping to provide a more touchless experience to keep you feeling as comfortable as possible.

Industry: We are talking to other restaurant chains around the world to understand what they are doing. We are the most competitive burger brand on the planet. But, there are times to turn down the grill and make sure as a restaurant industry that we are learning from each other. We are staying in touch with our competitors to make sure we’re all doing the right thing together in this situation so that you don’t have to worry about your health when you walk into any restaurant in the United States – whether ours or someone else’s.

We look forward to continuing to serve you at our restaurants, and to doing our part to keep you and our communities safe.

Thank you for your incredible loyalty and always know that we will do our best to do the right thing for all of our guests at BK restaurants worldwide.

With all my thanks,

Christopher Finazzo, President BK Americas

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Nestle to launch plant-based milo in Australia

On the 10th of march 2020, Nestle took to their tweeter handle to say that they will be launching plant-based milo in Australia.

According to them, the new Milo replaces milk powder with soy and oats. The core ingredients are the same as the original Milo – malt, barley and cocoa. The Milo development team worked really hard to make sure it kept the same unmistakable choc-malt taste and iconic crunch that that Australians have grown up with.

The product is also lower in sugar compared to original Milo and has a combination of vitamins and minerals to support effective energy release. The new Milo gives people a plant-based option, alongside the original, reduced-sugar and extra protein versions.

According to Trevor Clayton, head of the Dairy business unit at Nestlé, “People are looking to vary their diets with more plant-based options, including to lower their environmental footprint and for health reasons. We already have some great plant-based products and are now adding one of our biggest global brands with Milo. We’re continuing to make good on our promise to offer consumers food that is right for them and right for the planet.”

The new Milo follows on from other recent launches of plant-based beverages. Nestlé in Brazil introduced oat- and pea-based Ninho Forti + on shelves from December 2019, in a ready-to-drink carton with a paper straw. The United States saw the launch of Nesquik GoodNes in January, based on oat and pea protein with the great chocolate milk flavor of Nesquik.

Nestlé is using all its expertise in plant-based protein as well as in dairy to make sure the new drinks are high in nutritional value and taste delicious. Globally, the company has around 300 R&D scientists, engineers and product developers located in eight R&D centers that are dedicated to the research and development of plant-based products. This includes its center in Konolfingen, Switzerland, that specializes in dairy.

The need for plant-based dairy alternatives that taste great and offer strong nutritionals is rising, as more families are following a flexitarian diet that is lighter on meat and dairy products. Many consumers cite environmental reasons, as plant-based products are produced with lower emissions, land- and water usage.

Nestlé has stepped up its focus on providing more nutritious options for children, with Nestlé for Healthier Kids program. The two focus areas are accelerating the healthy transformation of Nestlé’s product portfolio in line with WHO recommendations, and inspiring healthier eating with supportive programs and services.

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Coronavirus: Fear returns to stock markets

Global stock markets have fallen sharply as investors continue to worry about the broader economic effects of the coronavirus.

London’s FTSE 100 share index fell more than 3% and there were similar declines in other European markets.

Upbeat pay and unemployment data failed to buoy Wall Street when the market opened.

The Dow Jones Industrial Average opened 2.7% lower, with the Nasdaq and S&P 500 registering similar declines.

US employers added 273,000 jobs in February – significantly beating expectations – while the jobless rate fell back to near a 50-year low of 3.5%.

The Labor Department report also revised up estimates of job gains in January and December, finding 85,000 more than previously understood.

The surveys, however, reflect data collected before the outbreak intensified. In recent weeks, global travel has plunged, while work, school and shopping has been disrupted in many countries.

Despite the strong data, the markets were against focusing on the impact of the virus. “Today’s jobs report is old news,” said Sarah House, senior economist at Wells Fargo.

The economic strength signalled in the report is a “little like the saying, the car was in fine condition before being involved in a collision”, said Mark Hamrick, senior economic analyst for Bankrate.com.

“The new reality, amid tremendous uncertainty, is the world has experienced a seismic shift,” he said.

Earlier on Friday, markets in Asia had seen big falls, with Japan’s Nikkei share index dropping by 2.7%.

The 3.75% drop in the FTSE 100 wipes out the gains seen earlier this week on the index.

Shares in travel companies saw some of the steepest falls once again. Cruise operator Carnival fell 4.9% to hit its lowest price since 2012.

Other big losers in the sector included EasyJet, Tui and British Airways owner IAG, which each fell more than 4%.

Elsewhere in Europe, shares in budget carrier Norwegian fell 26.2% and Air France KLM, which owns the French and Dutch flag carriers, fell 14.6%.

Banks were another group that took a hit, as investors anticipate that interest rates might be cut in order to make borrowing cheaper for companies and consumers to keep the economy buoyant.

“The markets didn’t even bother with the pretence of a calm start on Friday, bringing another rough week to a close,” said Connor Campbell, analyst at financial spread better Spreadex.

“The week’s various central bank rate cuts only served to reinforce the seriousness of the situation.”

Earlier this week, the Federal Reserve, the US’s central bank, cut its benchmark interest rate by 0.5 percentage points to a range of 1% to 1.25% in an attempt to ease investor concerns.

Many analysts predict it will cut rates again – perhaps as soon as its meeting this month.

Government bond prices are rising in the US and UK as traders seek safer assets.

The bond market – which is many times larger than the stock market – includes tradable loans to governments and businesses. Yields – how much investors will recoup in interest from the loans – drop as the price of the loan rises.

Benchmark 10-year UK government debt now only offers a 0.26% return – a record low. In the US, the yield on a 10-year Treasury also fell to a record low, at about 0.7%.

“With the 10-year Treasury yield slumping to a new record low and stock markets under pressure again today, it is questionable whether the Fed can wait until its scheduled meeting mid-month to deliver the next rate cut,” said Paul Ashworth, chief US economist at Capital Economics.

What do I need to know about the coronavirus?

Oil prices also fell, declining 6% as investors worried that Russia may not agree to a cut in production that other members of the Opec oil producers’ cartel are keen to see.

The price of oil has fallen by about a quarter since the coronavirus began to spread internationally, with demand for fuel expected to decline.

Brent crude was down 6%, at about $47 per barrel on Friday, the first time since 2017 the commodity dropped below $50.

US West Texas Intermediate was also about 6% lower at about $43 per barrel.

There’s also been a sharp drop in share prices in Moscow. Its RTS index fell 5.25%, led by airline Aeroflot and its 6% fall. Energy giants Gazprom and Lukoil both fell more than 4%.

Source: https://www.bbc.com/news/business-51766782

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Nine Secrets behind every successful business

Every business has its secrets, no doubt about that. But there are secrets that is common to every business.

1. Love what you do: Never do a business that you are not passionate about. ( Read post on setting up a business). Do not do business because Mr. A and Mr. B are successful in the business.

That may be what they are destined to do. So even when they are facing challenges which you may not be aware of, they are still able to move on.

But if it’s not what you are passionate about, when the challenges come, you may not be able to stand it.

2. Be consistent: just keep at what you are doing, every business have their ups and downs, but the ones that are consistent are the ones that succeed.

3. Be punctual: You must be punctual at your business place. The problem with many business owners is that, they feel they can resume whenever they like since there’s nobody to query them.

Such businesses don’t last because after sometime, you will start losing your customers.

4. Gain your customers Trust: if your customers trust you, they will not just come back, they will also advertise your business for you.

Don’t ever cheat your customers, the moment they find out that you have been cheating them, that is the end. They will spread the news around, and you that bad news spread faster than good news.

5. Treat your customers well: Customer satisfaction is the key secret to a successful business.

Everybody likes to be treated well. Even you, if you go to a place where you were not treated well, I doubt if you will want to go back there. If you treat your customers well, they will always come back.

6. Be committed: You have to be committed to what you are doing in order to be successful. ( Read post on entrepreneurship skills).

7. Be polite to your customers: Don’t ever make the mistake of being rude to your customers, not even when they are rude to you. Learn to be polite to them. That will make them always come back.

8. Have good communication skills: As a business owner, you need to learn how to advertise your products to your customers. If they are requesting for what you don’t have.
You can always introduce them to something similar to what they are looking for which you have, and can also serve the same purpose or even better. ( see entrepreneurship skills)

9. Always have what they need: Make sure that at every point in time, you always have what your customers need.

Try as much as you can to never run out of stock. If every time your customers come to ask for one thing or the other, and every time you tell them it’s finished, after some time, they will lose confidence in you.

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4 Steps on how to start a successful business

Starting a business is one thing, being able to stay or succeed in the business is another thing. In this article, I will tell you how you can successfully succeed in any business of your choice.

 

1. The first step is to enroll in a business school: This however is not compulsory, but it’s a good way to start. But if a school is not your thing or you do not have the time and or money, that’s fine.

 

2. Learn the business: In Nigeria, people used to think that the only people who learn a trade are illiterates. Come to think of it, this so-called illiterates men or women do very well when they eventually set up their own business, do you know why? Because they know the nitty-gritty of the business.

Learning a trade gives you a better idea about the business, it opens you up to many opportunities like knowing where to buy the best goods at a cheap rate and so on.

 

3. Look for a location: After you are done learning the business or trade, the next thing is to look for a suitable location for the business.

Location is a very important factor in setting up a business. You have to set up your business where your target market is.

For instance, if you want to set up a building material business, go to a place that is still developing. That is a place where people are buying lands and building houses.

 

4. Introduce your business: When you have found a good location, and paid for a shop, meet the people around that area and introduce your business to them. You will be surprised at the turn of events.

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How to buy tiles in Nigeria to avoid being cheated

If you want to buy tiles in Nigeria, you need to follow these simple steps to avoid being cheated. And also to avoid buying more than what you need.

I. Know the size of the room. If you know the size of the room, you will know the number of tiles to buy. A standard room in Nigeria is 12 by 12.

2. Know the square meter. A standard room of 12 by 12 is approximately 15 square meters.

3. Know the different makes. There are different types and makes of tiles. There are high and low-quality tiles, and we also have made in Nigeria tiles, made in China, made in Italy, made in Spain, etc. These foreign tiles are very expensive, so if you can’t afford them, then you should go for the Nigerian ones.

4. Find out the amount for 1 square meter. 1 square meter is eleven pieces and it goes for about N1,400 and one carton goes for about N2,200. This is for the floor tiles. While the wall tiles, 1 square meter is 10 in number, and it’s sold for about N1,300 while one carton of it it goes for N1,900.

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Entrepreneurial Skills

To be an entrepreneur involves more than having ideas. He must possess some unique skills and characteristics that will place him above other entrepreneurs. An entrepreneur needs to succeed.

Below are some of the qualities entrepreneurs must possess.

1. Goal-oriented: an entrepreneur must have set goals and put to accomplish them. Determination is a factor that makes their business succeed and put aside any obstacle that stands on their way.

2. Commitment: For entrepreneurs to be successful they must be committed to their business, there is no room for half measures. They must not give in easily to defeat; failure is an opportunity to succeed more for entrepreneurs.

3. Willingness to take a risk: Life is full of risks and those who are not willing to take risks will not be successful. A true entrepreneur does not doubt whether or not he will succeed, he believes he will. This confidence helps him go into any business venture without the fear of failure.

4. Ability to listen and learn: No man knows it all. Therefore, if an entrepreneur wishes to be successful, he must have the ability to learn from other successful entrepreneurs who have come before him. Listening to business experts is an equally good skill to rely on.

5. Creativity: This is one great skill an entrepreneur must have in abundance. Entrepreneurs must come up with ingenious ideas and as well turn those ideas into profits.

6. He is a visioner: He visualizes and has the foresight to identify profitable business
available.

7. He has great communication skills. This enables him to sell his products. It also enables him to motivate, inspire and influence his customers.

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