Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
Amazon has been disrupting retail ever since it only sold books. Now the e-commerce giant is poised to take market share from the giants of the consumer packaged goods industry as more Americans start shopping for food online. Bernstein estimates that e-commerce represents only about 1 percent of U.S. packaged food sales, but that the could grow to 5 or 6 percent in the coming years.
Ever since it acquired Whole Foods in 2017, Amazon has been promoting the grocery store's private label brand online, in addition to its private label lines. It has also changed its website to feature its brands more prominently as it experiments with what private label products are selling well.
"While we expect private label shelf space to normalize over time as Amazon separates winners from losers, we continue to believe that Amazon's private label could pose a meaningful threat to branded food manufacturers, especially as its 365 Everyday Value Brand is already highly credible with consumers," Bernstein analyst Alexia Howard wrote in the note.
McCormick took the top spot in Bernstein's rankings because of its strong online presence and the overall strength of the seasoning category. Seasoning is one of the most profitable food categories, according to the note, because salt and pepper are light weight — saving on shipping costs — but still priced relatively high per unit.
By its estimates, chocolate is another highly profitable category, helping Hershey take the second spot in the rankings. Bernstein also noted that the company has invested heavily in digital strategies.
Smucker's, which owns Folgers Coffee and distributes Dunkin' Donuts coffee, is the worst positioned because rivals are doing a better job of hawking their wares online, Bernstein said. Mondelez ranked second-worst, with Bernstein saying that the company under-indexes its cookie brands like Oreo and Chips Ahoy online.
Many food companies have argued that shifting to selling online hasn't been affecting their margins, but Howard says that can't be true. To keep up with the shift to e-commerce, brands have to sell more of their products in bulk, list sponsored products and participate in Amazon programs like Prime Pantry.
Some companies are also teaming up with the e-commerce giant to launch exclusive brands available only on Amazon. Equal, the sweetener brand, announced a partnership with Amazon on Monday to develop an exclusive line of sugar substitutes.