Tag: thwart

CFO Says Savings Strategy Is Helping Ingredion Thwart Recession’s Bite

It’s the type of business restructuring capable of striking envy in the hearts of many a company board member—and particularly those known to favor one oft-repeated bit of business wisdom: Never waste a recession.

At food ingredient maker Ingredion, where the recession’s bite is directly linked to the eating habits of consumers, a 2-year-old restructuring strategy dubbed “Cost Smart” has begun to deliver on its cost savings promises.

In fact, last month, the maker of sweeteners and starches announced plans to increase its Cost Smart run-rate savings target from $150M annually to $170M—a $20M uptick that led certain analysts to believe now might be the right time for the food giant to step on Cost Smart’s accelerator.

Not so fast, says Ingredion CFO Jim Gray, who reports that he already likes what he’s seeing in Ingredion’s rearview mirror.

“The opportunity around

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Experts say the perfect VC pitch highlights plans to thwart copycats

  • Despite the pandemic, there’s still VC funding available to startups. However, early-stage companies are facing stiff competition in today’s  market. To score an investment, founders must nail their pitch. 
  • Betsy Bluestone, of Procter & Gamble’s internal studio that partners with startups, and Vanessa Dawson, founder of funding platform Vinetta Project, told Business Insider the five ways to perfect a VC pitch.
  • Small business owners must have a solid team, data to back up their claims, and protection of their ideas.
  • Visit Business Insider’s homepage for more stories.

The coronavirus pandemic has severely altered the state of business for many founders, but one thing hasn’t changed: There’s venture capital money up for grabs.

As of June 30, $69.1 billion in VC money has been allocated, which is a strong start for the year, according to data and research firm Pitchbook. However, the number of companies receiving VC funds for the first

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