Word: globalization
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Dates: during 2000-2009
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While a merger or partnership could enhance Hershey's global growth prospects, it's not critical for the company's survival. Hershey still leads chocolate sales in the U.S., with a 40% market share...
...emerging markets, such as China and India, where Hershey has little exposure. In 2008, U.S. sales accounted for more than 90% of Hershey's sales revenue, according to the company's 10-K filing. And analysts believe the chocolate magnate's most effective way to expand its global reach is by acquiring or merging with a company that already has a big confectionary footprint in those markets...
...holding prices steady might be OPEC's toughest act yet. Oil analysts list a few key factors that OPEC leaders will find all but impossible to control and that could complicate efforts by the U.S. and Europe to kick-start a global economic recovery...
...OPEC producers. Although Russian officials told an OPEC summit last December that they too would cut production, the country "has repeatedly failed to do so, and the Russian government has done absolutely nothing to exert its influence" on oil companies, says Julian Lee, senior analyst at the Center for Global Energy Studies in London. (See pictures from Azerbaijan's oil boom...
...Recession or Recovery? In a major report on oil demand this week, IHS Cambridge Energy Research Associates, which monitors global oil markets, said the world would use about 900,000 more bbl. of oil a day next year than this year and by 2012 would fully recover to its 2007 prerecession levels. OPEC is also betting on a fast global recovery. Angola's oil minister, José Maria Botelho de Vasconcelos, the current rotating OPEC head, told the meeting attendees in Vienna on Wednesday that "the darkest days of financial turmoil and economic recession are behind us." That belief...