Mondelez makes physical snack products that people eat — AGI cannot disrupt human hunger or the desire for chocolate, making this one of the most AGI-resilient businesses.
Mondelez International is one of the world's largest snack food companies, formed from the 2012 split of Kraft Foods. The company manufactures and markets chocolate, biscuits, gum, candy, cheese & grocery, and powdered beverages in approximately 150 countries. Mondelez owns many iconic global brands and derives a significant portion of its revenue from emerging markets. The company focuses exclusively on snacking categories, having divested its North American grocery business (now Kraft Heinz).
Grocery retailers, convenience stores, mass merchandisers (Walmart, Costco), e-commerce platforms, and distributors worldwide. End consumers are broad demographics spanning all ages and income levels. Strong presence in both developed and emerging markets.
Mondelez manufactures and distributes physical snack products (Oreo, Cadbury, Toblerone, Ritz, belVita). AGI cannot eat cookies or chocolate for you. The core value proposition — providing enjoyable food products — is entirely physical and biological. Manufacturing, logistics, and distribution have physical components that cannot be digitized away. Customers are consumers who eat snacks and retailers who sell them. Human biological needs for food and desire for pleasurable eating experiences are AGI-proof. Even if knowledge workers lose jobs, people still eat snacks.