Mondelēz provides update on June 27th global cyber-attack

Last week, Mondelēz International provided an update to its prior disclosure on the June 27th global cyber-attack that impacted its business. 

In a statement on July 6, the company said it is "pleased that we are making good progress in restoring our systems across the enterprise. Since the time of the incident, our teams have done remarkable work to continue to operate the business, manufacture our products, serve customer needs and progress the recovery activities. We believe the issue has been contained and a critical majority of the affected systems are up and running again."

Given the timing of this significant global attack and despite its best efforts, Mondelēz experienced disruption in its ability to ship and invoice during the last four days of its second quarter, according to the statement. "There are a few markets where we have permanently lost some of that revenue due to holiday feature timing, but we expect we will be able to recognize the majority of these delayed shipments in our third quarter results."