Mondelēz International partners with AWS to enhance digital transformation, migrating key systems to improve efficiency and security.
Quiver AI Summary
Mondelēz International has announced a strategic partnership with Amazon Web Services (AWS) to enhance its digital innovation and cloud capabilities. By designating AWS as its strategic cloud provider, Mondelēz has begun migrating various workloads, including its ERP systems to SAP RISE on AWS, which will improve performance, security, and agility. This collaboration aims to support Mondelēz's digital transformation strategy and focus on sustainability through the use of AWS's renewable energy initiatives. Kostas Georgakopoulos, Mondelēz's Chief Technology Officer, emphasized the role of AWS in complementing their internal capabilities for driving innovation and growth. The partnership is seen as a critical step in leveraging cutting-edge technology to achieve the company's strategic objectives.
Potential Positives
- Mondelēz International has designated Amazon Web Services (AWS) as its strategic cloud provider, demonstrating a commitment to enhancing digital innovation and operational efficiency.
- The migration of hundreds of workloads to AWS facilitates greater security, agility, and reliability in Mondelēz's operations, including transitioning its ERP landscape to SAP RISE powered by AWS.
- The partnership emphasizes Mondelēz's focus on sustainability, leveraging AWS’s renewable energy and energy-efficient data centers to improve cost efficiency.
- This strategic collaboration supports Mondelēz's digital transformation goals, aligning with their emphasis on automation, security, resiliency, and agility as they pursue growth in the competitive market of snack foods.
Potential Negatives
- Dependence on AWS: By designating Amazon Web Services as its sole strategic cloud provider, Mondelēz increases its dependency on a third-party vendor for critical infrastructure, which may pose risks related to vendor lock-in and service outages.
- Potential Operational Disruptions: The migration of hundreds of workloads and the ERP landscape to SAP RISE on AWS may lead to operational disruptions during the transition period, impacting business continuity.
- Public Scrutiny of Digital Transformation: While digital transformation is framed as a positive move, it can also invite scrutiny regarding data security, privacy concerns, and the effectiveness of the new systems implemented.
FAQ
What is the partnership between Mondelēz International and AWS about?
The partnership aims to enhance digital innovation by designating AWS as Mondelēz's strategic cloud provider, improving security and efficiency.
How will AWS improve Mondelēz's operations?
AWS will enhance Mondelēz's operations by providing greater security, agility, reliability, and advanced ERP capabilities through cloud migration.
What technology will Mondelēz leverage in this partnership?
Mondelēz will leverage cutting-edge technology including SAP RISE on AWS to improve performance, security, and AI capabilities in its business systems.
How does this partnership align with Mondelēz's growth strategy?
This partnership aligns with Mondelēz's growth strategy by focusing on digital transformation, automation, and sustainability through advanced cloud services.
What are the expected benefits of this collaboration for the future?
The collaboration is expected to lead to improved efficiency, enhanced decision-making, and innovation across Mondelēz's enterprise systems and processes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MDLZ Congressional Stock Trading
Members of Congress have traded $MDLZ stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $MDLZ stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
- REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 1 purchase worth up to $15,000 on 07/01 and 2 sales worth up to $30,000 on 07/05.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$MDLZ Hedge Fund Activity
We have seen 889 institutional investors add shares of $MDLZ stock to their portfolio, and 974 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIZUHO SECURITIES USA LLC added 12,470,573 shares (+12057.4%) to their portfolio in Q3 2024
- GQG PARTNERS LLC removed 12,308,012 shares (-99.9%) from their portfolio in Q3 2024
- CAPITAL WORLD INVESTORS removed 7,433,869 shares (-42.2%) from their portfolio in Q3 2024
- CAPITAL INTERNATIONAL INVESTORS added 4,896,871 shares (+43.5%) to their portfolio in Q3 2024
- NEUBERGER BERMAN GROUP LLC removed 3,569,058 shares (-51.8%) from their portfolio in Q3 2024
- ILEX CAPITAL PARTNERS (UK) LLP added 2,973,324 shares (+inf%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 2,895,918 shares (-32.2%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHICAGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) has entered a strategic partnership with Amazon Web Services (AWS) to enhance digital innovation across the company. Mondelēz has designated AWS as its strategic cloud provider and has already migrated hundreds of workloads. Leveraging AWS’s industry leading cloud infrastructure and services, Mondelēz will achieve greater security, agility, and reliability for its operations including migrating its ERP landscape to SAP RISE powered by AWS.
“A key focus of our growth strategy is our digital transformation,” said Kostas Georgakopoulos, Chief Technology Officer, and Chief Information Security Officer at Mondelēz. “AWS is a strategic partner complementing our own internal Cloud Platform Engineering capabilities to lead digital transformation across the Enterprise.”
Key elements of the new partnership include:
Enabling growth:
Improves agility and cost efficiency, while advancing sustainability through AWS’s focus on renewable energy and energy efficient data centers.
Accelerating ERP and digital transformation:
Migrates on-premises SAP systems to SAP RISE on AWS to deliver improved performance, reliability, resiliency, security, and AI capabilities for Mondelēz business systems and insights.
Enabling cutting-edge technology:
Underscores Mondelēz’s commitment to leveraging cutting-edge technology to enhance its internal platform engineering capabilities. AWS’s suite of cloud services aligns seamlessly with Mondelēz’s focus on automation, security, resiliency, and agility—key pillars in achieving the company’s strategic goals.
“Mondelēz has a clear vision of how the cloud, AI, and systems like SAP RISE can fuel its growth, and it is truly impressive to see the company execute on that vision,” said Rich Geraffo, Vice President, AWS North America. “Our team is proud to have worked closely with their organization to implement the architecture, applications, and services that will serve as a foundation for continued innovation across their company.”
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2023 net revenues of approximately $36 billion, MDLZ is leading the future of snacking with iconic global and local brands such as
OREO, RITZ, LU, CLIF BAR
and
TATE'S BAKE
SHOP biscuits and baked snacks, as well as
CADBURY DAIRY MILK, MILKA and TOBLERONE
chocolate. Mondelēz International is a proud member of the Standard and Poor's 500, Nasdaq 100 and Dow
Jones Sustainability Index. Visit
www.mondelezinternational.com
or follow the company on X at
www.x.com/MDLZ
.
Contact: | Desiree Battaglia (Media) +1 847 943 5678 news@mdlz.com | Shep Dunlap (Investors) +1 847 943 5454 ir@mdlz.com |
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
