London-based Diageo, the world's largest distributor of liquor, has refocused its supply and procurement operation, aiming to save 60 million pounds annually by 2016.
Restructuring costs are pegged at 100 million pounds.
While the exact nature of the reorganization isn't yet apparent, the company will focus on reducing regional structures and strengthening the bond between its global supply operation and its 21 key markets. According to a press release, the changes are a reaction of Diaego's continued growth in new markets.
For the six months ending Dec. 31, Diageo reported net sales of 6.03 billion pounds ($9.02 billion), up from 5.07 billion pounds the previous year. The company moved 88.8 million units, with the most activity coming in North America and Europe during that period, a slight increase from 2011's activity. - Jon Ross