Bimbo Bakeries USA (BBU), a subsidiary of Grupo Bimbo, increased its market share in the U.S. bakery products market in 2022. After having a 29.1% share in 2019, the company increased its coverage in the following three years, to 30.2% in 2020, then to 30.6% in 2021 and
Brazilian agricultural production will contribute more to the world in the coming years, according to forecasts released by the Brazilian government at the World Trade Organization (WTO). With agricultural production expected to grow at around 3% per year, well above Brazil‘s population growth projections (less than 1% per
French credit insurer Coface released an outlook on the global chemical industry, in three segments: petrochemicals, specialty chemicals and fertilizers. While petrochemical activities are more sensitive to changes in economic conditions, the specialty chemicals industry is less vulnerable to changes in economic cycles. In contrast, activities related to
Auto parts company Magna International posted a 4% increase in sales in 2022, to $37.84 billion, and highlighted four industry trends that impacted it. While economic, political and other factors are part of the overall context in which the global automotive industry operates, there were a number of
The Coca-Cola Company’s (TCCC) top five independent bottling partners increased their share of total TCCC sales. In 2022, these five partners combined accounted for 42% of The Coca-Cola Company’s total worldwide unit cases. To note: Being a bottler does not create a legal partnership or joint venture between
At the operational level, the average attention period for VAT refunds in Mexico is 17 business days for Small Taxpayers and 22 business days for Large Taxpayers. Therefore, according to the Ministry of Finance and Public Credit (SHCP), it is not considered that there are long terms for