The company that makes Oreo cookies, Triscuit crackers, and Trident gum is preparing for much slower growth. Mondelez International CEO Irene Rosenfeld tells Fortune’s Susie Gharib that we are in the middle of “one of the most volatile economies we’ve seen in many many years.” As a result, she says that Mondelez plans to “focus on what we can control.” Rosenfeld is making aggressive moves to rein in spending, cut costs, and focus on snack items, which is a growing segment in the food business.
Mondelez does business in more than 160 countries and nearly half of the company’s revenues come from emerging markets, many of which are struggling. She says that there’s “no question” that China has slowed down, but Mondelez still does “solid business” in the nation and says it continues to be a very strong market. She expects Mondelez to keep up with its trend of delivering “double digit earnings per share growth.”