Mondelēz International Moves to Amazon Web Services to Advance Its Digital and Growth Strategy

Rhea-AI Summary

Mondelēz International (MDLZ) has announced a strategic partnership with Amazon Web Services (AWS) as its primary cloud provider. The company has already migrated hundreds of workloads and plans to move its ERP landscape to SAP RISE powered by AWS. The partnership aims to enhance digital innovation, improve operational efficiency, and advance sustainability through AWS's renewable energy focus.

Key elements include improved agility, cost efficiency, and the migration of on-premises SAP systems to achieve better performance, reliability, and AI capabilities. The collaboration aligns with Mondelēz's focus on automation, security, resiliency, and agility to support its strategic growth objectives.

Positive

• Strategic partnership with AWS enhances digital infrastructure and operational efficiency
• Migration to cloud-based SAP RISE system promises improved performance and reliability
• Cost efficiency improvements through cloud transformation
• Enhanced security and AI capabilities through AWS integration

Negative

• None.

News Market Reaction

-2.15%

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-2.15% News Effect

On the day this news was published, MDLZ declined 2.15%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Designates AWS as a strategic cloud provider, accelerating its cloud transformation journey

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

FAQ

What is the purpose of MDLZ's partnership with Amazon Web Services?

MDLZ partnered with AWS to enhance digital innovation, improve operational efficiency, and advance its digital transformation strategy through cloud infrastructure and services.

How will the AWS cloud migration affect MDLZ's ERP systems?

MDLZ will migrate its on-premises SAP systems to SAP RISE powered by AWS, aiming to improve performance, reliability, resiliency, security, and AI capabilities.

What are the key benefits MDLZ expects from the AWS partnership?

MDLZ expects improved agility, cost efficiency, enhanced security, better sustainability through AWS's renewable energy focus, and advanced AI capabilities.

How many workloads has MDLZ already migrated to AWS?

According to the announcement, MDLZ has already migrated hundreds of workloads to AWS as part of their cloud transformation journey.