SUNSHINE NUT CO. QUARTERLY NEWSLETTER 2nd and 3rd Quarter 2016 2nd QUARTER The second Quarter of 2016 continued the progress of moving the company forward in the grand fashion that we experienced in the 1st Quarter. The second quarter was spent travelling to all corners of the world to spread the message of the Sunshine Approach and the progress made using this business philosophy in our first food company—Sunshine Nut Company—based in Mozambique, Africa. In early May, I was invited back to my old employer, Hershey Company, to do my 2nd TEDx talk - this one to all 22,000 Hershey employees. Their theme was “Walk the Talk”. I left Hershey on a whirlwind tour around the world with my 4th paid trip to the World Economic Forum / Grow Africa Summit - this year in Kigali, Rwanda. I then went to Oxford University for 2 days at the Said Business School’s 1st Annual Responsible Business Forum. I was invited to a private dinner by a few Mars executives (imagine that as an ex-Hershey exec) who were hosting the forum with Oxford University. I met so many wonderful people and sat next to some of the world's leading academics who teach at the same school where Adam Smith graduated (author of 'Wealth of Nations') - the Balliol College. I was able to stir the minds of some of the best academics in the world. They left with a new appreciation for social impact business. Next was Minneapolis where I sat on a couple of panels at the Nobel Peace Prize Forum with the 2014 Peace Prize winner, Kailash Satyarthi. It was hosted by PBS Newshour. I had more influence with thought leaders around the world as the Chatham session following the conference’s conclusion had many questions directed to my efforts to help the poor and orphaned through lasting economic transformation. We had two food shows in the second quarter. The first one was late May in Chicago at the Sweets and Snack show. The second show was the Fancy Food Show in NYC where my wife, Terri, and our QA Manager, Tarryn Govender, from the factory in Mozambique were able to attend with Ryan Shenk, our US Operations Manager, and myself. This was Tarryn’s first trip out of Africa so we treated her to a star-studded show of America culminating in a 4th of July experience. VALUE DRIVEN BUSINESS—HOPE, OPPORTUNITY, TRANSFORMATION 3rd QUARTER NEW PACKAGING! What Makes Us Different? We used our Founder’s (Don Larson) 25 years of experience in the corporate American food industry to develop our business model that builds food factories in 3rd world nations to bring lasting economic transformation. We have been based in Mozambique, including the founder’s family, since 2011. This allows us to develop relationships and live among those we are inspired to help. We give 90% of distributed profits from the sales of our cashews to the poor and orphaned through transformative projects managed by the Sunshine Approach Foundation. We oversee and partner with international organizations to work in their areas of expertise to help us achieve the vision of the Sunshine Approach, our business model. We emphasize working with smallholder farmers (instead of large scale farms) to develop a market which will pay them fairly. We intentionally strive to transform lives with all that we do – from healthcare, to education, to quality of life, to our Sunshine Houses and factory operations. We provide employment for young men and women who were orphaned or abandoned in their youth – giving them hope, opportunity, and a future. We make promoting from within a priority, providing the proper training for excellence. We emphasize manual work and hiring people compared to automation through equipment. Our motto is, “We are putting machines out of work”. We roast and package in-country where the cashews are grown to lock in freshness and flavor. Don Larson receives Silver Medal The United Nations and the Religious Freedom and Business Foundation holds 1st Annual International Peace Awards Ceremony in between Olympics and Paralympics in Rio de Janeiro on September 6. Don was one of 17 CEO finalists from around the world picked for their work in bringing peace through business with an interfaith understanding and a desire to have an impact on people’s lives. Don placed 2nd among the 17 CEO finalists. The government of Mozambique had business forums in Washington DC and Houston, Texas in mid-September. Don was asked to speak alongside the President of Mozambique on his experiences as a businessman. Don was able to share his business model to the oil and gas industry as an example of how to take care of those in need. A Miracle in the Making: 2,000+ stores less than 2 years after first container hits US shores... NEW BUSINESS: 1) Wegmans has been voted the #1 retail store in America for 2 years straight. We performed very well in a single Wegmans store we entered in January of this year. That allowed for a meeting in Rochester at their headquarters where Don Larson told the story of our work in Mozambique. Wegmans agreed to take our product into all their stores starting September 1st. They have over 90 stores in the Northeast—most are in New York and Pennsylvania. 2) HEB visited our booth at the NYC food show, read up on all the articles written, and watched the videos—including Don’s TEDx. They sent for samples hoping our cashews tasted okay as everything else was perfect. The buyer told us they were overwhelmed with how fresh and tasty our product was during their sampling test. HEB has agreed to bring Sunshine Nut Co. cashews in more than 300 stores starting January 1, 2017. All stores are in Texas. 3) A friend of ours made the introduction of Don and his work to a senior executive at QVC. He was asked to visit the QVC park in September. After telling his story to the buyers, they remarked that in all their years of buying, this was one of the easiest decisions on whether to put someone on air with their product. Look for Don to be on QVC selling our cashews and telling his story in January 2017 and hopefully every 6 weeks afterwards if results are good. A WORD FROM SNC’s DIRECTOR OF SOCIAL IMPACT Our 501c3 charity, the Sunshine Approach Foundation, financially supported by the Sunshine Nut Company as well as generous, caring donors, continues to make progress in transforming the lives of those in need in the communities and orphanages surrounding our factory in Matola. We continue to financially support several orphanages through monthly donations that enable the directors to purchase what is needed at their centers. We also work in conjunction with Soapbox Soaps, distributing soap to 650 children each month. Our partnership with Berta and her project is flourishing with all good things!! This quarter we enlisted the help of one of our Sunshine Nut employees, Gito Paulo. Gito is a very talented young man who is able to instruct the children on making arts and crafts (jewelry, paintings, wood carving). He also is a positive role model for them to look up to as someone who had a difficult start in life but overcame the obstacles to live a successful life. Our greatest joy as of late has been a feeding program for the children in the community of Matola-Santos. We began in March by feeding a hot, nutritious meal to the 39 children in Berta’s project. In April we opened the door to an additional 40 children from the community. This number quickly grew to 100… then to 120…and it keeps growing. Last Saturday, 135 little bellies were filled. We partnered with the Humble Smile Foundation in September to educate children in the schools and orphanages about oral health. We hosted a team of 4 dental students (from Latvia, Germany, Serbia, and Sudan) from the International Association of Dental Students. They were led by Humble Smile’s Dr. Darren Weiss from Israel. Employees of the Sunshine Nut Company were also part of this team - Prescila, Sebi, Aida, Gito, and Binario proved themselves to be natural-born teachers as they worked with the students. During the three week project, 1,274 children participated in the preventative program which focused on habit change and included the introduction of tooth brushing to the daily school routine, handwashing, and education to make healthy food choices. All were screened for oral disease and hundreds were treated with Silver Diamine Fluoride to stop active tooth decay. PROVIDING HOPE NEVER TASTED SO GOOD Sunshine Nut Company highlighted among 2,000 companies…….. Food Dive: 8 natural food trends that consumers love Market research shows which items are most likely to go from niche to necessity By Megan Poinski | September 23, 2016 The natural food products movement has been growing — right into space on mainstream store shelves and in mainstream consumers' kitchens. And, according to research presented Thursday by New Hope Network at their Natural Products Expo East (http://www.expoeast.com/ee16/public/enter.aspx) conference in Baltimore, the stories behind those products are getting a place in consumers' hearts. Products with missions behind them are the top trend that can be successful with the mainstream consumer, according to the analysis. "This makes me feel good about humanity," said Eric Pierce, director of business insights at New Hope Network. "These products work to stand out in the marketplace by standing for something." New Hope Network identified seven other trends in natural products that are likely to do well with consumers. The trends come from ongoing monthly research, where about 1,000 consumers are told about the concept behind several products. They are asked if they think others would buy the product, and whether they would buy the product. The concepts that Pierce shared at the conference were those that had the highest market prediction — whether others will buy it — and purchase intent. With more than 2,000 vendors showing products at the Baltimore show, Pierce said that the opportunities in the natural food space are plentiful, but a study like this can help light the way to the best paths for manufacturers, investors, innovators and retailers to find success. "The problem sometimes in this industry is prioritizing opportunities," he said. Missionbased products The products which have a deep core mission got some of the highest scores in the analysis. While consumers are not given actual brand and product names during the research, Pierce said they are inspired by real products and presented slides of the products that did the best. He said that Marley Coffee EKOCups, which are recyclable pods for a K-cup machine, epitomize the successful mission-based product. The product not only has non-polluting cups — which Keurigstyle machines have been vilified for — but they also do a lot of giving back. Also scoring high were products from the Sunshine Nut Company, which donates 90% of its profits to the communities where the nuts are sourced, and Endangered Species Chocolate, which donates 10% of its profits to conservation. http://www.fooddive.com/news/8-natural-food-trends-that-consumers-love/426886/#.V-ZGQ5priRs.facebook Contact Us Sunshine Nut Co. 16192 Coastal Highway Lewes, DE 19958 Sunshine Nut Limitada Beluluane Industrial Park Lot 13 Matola, Mozambique [email protected] [email protected] Visit us on the web at www.SunshineNuts.com Article appearing in Forbes on July 10, 2106
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