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About the Del Monte

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17 views

Del Monte1

About the Del Monte

Uploaded by

21-1-02820
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Group 3

Members
Baslan, Jessa
Bingero, Gelay
Fabrea, Corena Labides
Lungay, Jeanette
Oronos, Renier C.
Pasar, Wilson B.
DEL MONTE

Del Monte Philippines, Inc. is a leading food and beverage company in the Philippines, with a rich history

spanning over 90 years. Founded in 1926, the company is a subsidiary of Del Monte Pacific Limited, a global

food and beverage company. Del Monte Philippines is engaged in producing, processing, and distributing

packaged foods and beverages, including pineapple juice, canned fruits and vegetables, and culinary products.

The company operates several manufacturing facilities and farms across the Philippines, employing thousands

of people. Del Monte Philippines is committed to quality, innovation, and sustainability. The company adheres

to international quality standards, ensuring the safety and quality of its products. Del Monte's product portfolio

includes iconic brands such as Del Monte Juice, Del Monte Kitchen Economics, and Contadina. The company

exports its products to over 40 countries worldwide, significantly contributing to the Philippine economy

(Smith, 2024). Del Monte Philippines has received numerous awards and recognition for its corporate social

responsibility initiatives, including environmental conservation and community development programs. With its

long-standing presence and commitment to excellence, Del Monte Philippines remains a trusted and beloved

brand in the country. Del Monte's export market is a significant part of its business, with the company

experiencing a 20% increase in international sales driven by robust fresh and packaged pineapple exports. Del

Monte has retained market leadership across core categories, including mixed fruits (Monte, 2018). The

company's export markets include the USA, China, and other countries, with a focus on premium products such

as MD2 fresh pineapples. Del Monte's export strategy involves supporting higher export demand for its

premium products, driving market share improvements, and increasing production to meet global demand. The

company's products are exported to various industries, including the food service industry and other food

processors. Despite facing challenges such as lower sales in the USA and export markets, Del Monte remains

committed to expanding its global reach and delivering high-quality products to its customers worldwide (Mae,

2020).

The process of exporting involves several stages, from preparation to delivery. First, exporters like Del Monte

must research and comply with foreign market regulations, obtain necessary licenses and certifications, and

register with relevant authorities. They must also prepare export documentation, including commercial invoices,

packing lists, and certificates of origin. Additionally, exporters must adhere to product standards, labeling
requirements, and packaging regulations of the destination country (Monte, 2018). They may also need to

obtain phytosanitary or sanitary certificates for agricultural products. Once prepared, goods are transported to

the port of exit, where they undergo customs clearance and inspection before being shipped to the foreign

market. Upon arrival, goods must clear customs and comply with local regulations, such as taxes, duties, and

quotas. Exporters may require the services of freight forwarders, customs brokers, or logistics providers to

facilitate this process. Protocols like Harmonized System (HS) coding, International Commercial Terms

(Incoterms), and Letter of Credit (L/C) payments ensure smooth transactions. Exporters must also consider

insurance, transportation, and storage to ensure product quality and safety. Finally, exporters must comply with

post-export requirements, such as reporting to regulatory bodies and maintaining records. By following these

requirements and protocols, exporters like Del Monte can successfully enter foreign markets and expand their

global reach (Presentation, 2019).


Challenges of Del Monte Company During Exporting Operations

Market-Related Challenges

1. Intense competition in global markets

2. Fluctuating demand and market trends

3. Trade barriers and tariffs

4. Regulatory differences in export markets

Logistical Challenges

1. Complex supply chain management

2. Transportation and storage costs

3. Product damage during transit

4. Customs clearance and compliance issues

Product-Specific Challenges

1. Perishability of fresh produce (e.g., pineapples)

2. Meeting phytosanitary and sanitary standards

3. Adhering to labeling and packaging regulations

4. Managing product quality and safety

Financial Challenges

1. Currency fluctuations and exchange rate risks

2. High transportation and insurance costs

3. Payment risks and letter of credit issues

4. Managing working capital and cash flow


Regulatory Challenges

1. Compliance with export regulations and laws

2. Meeting food safety and quality standards

3. Obtaining necessary certifications and licenses

4. Adhering to environmental and social responsibility standards

Operational Challenges

1. Managing global distribution networks

2. Coordinating with freight forwarders and customs brokers

3. Ensuring timely delivery and product freshness

4. Maintaining accurate export documentation

REFERENCES

Mae, C. (2020). Cruz, Jalbuena, Lorenzo, Pabellon, Villasabas ACT-184 Mrs. Arlene A. San Pablo Page 1 of

34. 1–34.

Monte, D. E. L. (2018). Del monte philippines, inc. May.

Presentation, C. (2019). D E L M O NT E PHI L I P PI N E S. October.

Smith, A. F. (2024). Del Monte Foods. Food and Drink in American History, 265–265.

https://doi.org/10.5040/9798216184751.0212

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