[05 April/Farmers Weekly]

Brent Goldsack, Director of Fonterra Co-operative announced the company’s strategic review is under way and themes are emerging. Fonterra is planning for future generations with its first theme being that Fonterra is a globally competitive NZ co-operative. The second theme places sustainability at the heart of everything the company does. Third is that strategy needs to prioritise value over volume, and fourth surrounds Fonterra simplifying its global portfolio focus. Focus areas are where they hold competitive advantage. The final theme is for the company to increase focus on return on capital. Mr Goldsack stresses that the future of food is sustainable nutrition, especially in an ageing population.