A g*****c image created by Oxfam illustrates the power that is owned by only ten companies who control almost everything you buy on a daily basis. These ten companies own many smaller companies and they produce just about everything from food items to everyday household items. It’s a given that you can look in your home right now and see at least several products that were created by one of the ten major companies or one of their numerous smaller divisions. The amount of money these ten companies make on an annual basis is staggering. It would be a challenge for anyone to spend that much money, so hopefully, they’re dumping the profits into their employees and product improvement. It’s acceptable that the companies yield a profit because that’s what business is all about, but one can only hope that a portion goes into annual improvements.
The ten companies mentioned below are also the driving force behind so many other companies and it’s vastly impressive how much they produce on a daily basis, but some critics wonder if this is too much power for one company to hold. Can ten companies responsibly hold this much power over so many daily purchased products? Does it create a monopoly on the products and not allow for competitive and fair pricing? If only a few companies control the products, then is it possible for them to all raise prices at the same time, just for the sake of profits? Is there a chance for the consumers to be treated fairly?
Let’s review ten of the most powerful companies using information provided by Independent: “Only 10 companies control almost every large food and beverage brand in the world.
These companies — Nestlé, PepsiCo, Coca-Cola, Unilever, Danone, General Mills, Kellogg’s, Mars, Associated British Foods, and Mondelez — each employ thousands and make billions of dollars in revenue every year.
In an effort to push these companies to make positive changes — and for customers to realize who controls the brands they’re buying — Oxfam created a mind-boggling infographic that shows how interconnected consumer brands really are.”
2015 revenue: $13.5 billion
Forget Froot Loops and Frosted Flakes — Kellogg’s also owns noncereal brands including Eggo, Pringles, and Cheez-It.
Associated British Foods
2015 revenue: $16.6 billion
This British company owns brands such as Dorset Cereals and Twinings tea, as well as the retailer Primark.
2015 revenue: $17.6 billion
General Mills is best known for cereals like Cheerios and Chex, but it also owns brands like Yoplait, Hamburger Helper, Haagen-Dazs, and Betty Crocker.
2015 revenue: $24.9 billion
Best known for yogurts like Activa, Yocrunch, and Oikos, Danone also sells medical nutrition products and bottled water.
2015 revenue: $29.6 billion
This snack-centric company’s brands include Oreo, Trident gum, and Sour Patch Kids.
2015 revenue: $33 billion
Mars is best known for its chocolate brands, such as M&M, but it also owns Uncle Ben’s rice, Starburst, and Orbit gum.
2015 revenue: $44.3 billion
Coca-Cola is moving beyond soda, with beverage brands including Dasani, Fuze, and Honest Tea.
2015 revenue: $59.1 billion
Unilever’s diverse list of brands includes Axe body spray, Lipton tea, Magnum ice cream, and Hellmann’s mayonnaise.
2015 revenue: $63 billion
In addition to Pepsi and other sodas, PepsiCo also owns brands such as Quaker Oatmeal, Cheetos, and Tropicana.
2015 revenue: $87 billion
Brands you may not have known that Nestlé owns include Gerber baby food, Perrier, DiGiorno, and Hot Pockets — plus, of course, candy brands including Butterfinger and KitKat.”
Have you purchased any of these items? Do you recognize everything on the list? Do you think the companies need to be split up into smaller units, or does it seem fine with only a few major companies owning everything else?
Some critics would like to see the companies split up into smaller divisions. Some people don’t care either way. The problem with them splitting up is that there might be someone who turns a company into a failure. Each of these companies seems to be excelling as they are. The product quality is generally subjective as each consumer has their own opinions for products they like and dislike.
There will always be critics who think this is too much money for any company to have, but they sometimes forget how many products are released by these companies. It takes an unimaginable amount of organization and the ten big companies also create thousands of jobs for people all over the world. They make products, sell products, and keep people employed.
There will be critics for just about everything.
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