While still rising, grocery prices appear to be cooling while those at restaurants are stabilizing – reinforcing industry leaders’ optimism that input costs are cresting and the macro environment is beginning to stabilize.
A week after warning of falling profits due to consumers pulling back on spending to offset rising food and gas prices, Walmart is laying off hundreds of corporate staff in a move some fear signals a cooling job market and increased risk of recession.
The US labor market continues to grow at an unprecedented clip with a near full recovery from the devastating drop early in the pandemic and with more women and retirees returning to the workforce – but a slowdown may be on the horizon even as the consumer...
A much-needed economic boost during the pandemic that helped reverse US agriculture’s multi-year downward financial slide likely will hold through at least 2022, although beneficial conditions likely won’t be “quite at the same level” as the past two...
Frustrated by market share performance in the US despite household penetration and repeat rate gains in 2021, Kraft Heinz is adopting “new game plans” that will lean heavily on renovating and repositioning of iconic brands, innovating to better meet consumer...
Consumers grappling with skyrocketing grocery prices due to fast-rising inflation may take cold comfort knowing that the increases are not as dramatic as other sectors or as high as in past economically difficult periods in part because of industry’s...
Hain Celestial is singing the same tune as many other CPG companies reporting quarterly earnings in the past month, and that is the back half of the year will be better than the first thanks to pricing increases to alleviate higher costs, increased inventory...
Yesterday’s decision by Kroger employees in Colorado to strike rather than accept the retailer’s “last, best and final offer” recalls high-profile negotiations by others across the food industry in recent months and suggests the new wave of labor activism...
For Albertsons, the ongoing pandemic is a double-edge sword that simultaneously helped drive strong sales and better-than-expected earnings in the retailer’s third quarter announced yesterday and triggered a sudden and unexpected drop in stock the same...
Americans continue to leave their jobs in droves, and while the negative impact can be felt across industries the manufacturing segment – especially within food – continues to be hit hard, according to data from the Bureau of Labor Statistics.
Conagra Brands will raise prices across its portfolio and leverage other cost savings measures to offset higher than expected inflation, which squeezed its margins in the second quarter and which CEO Sean Connolly does not expect will ease any time soon...
The supply chain bottlenecks, labor shortages and rising inflation that have plagued the economy during the pandemic may last longer than previously expected with some businesses facing “deteriorating” conditions due to omicron and other coronavirus variants,...
Campbell Soup Co. is banking on another round of price-increases next month, persistent consumer demand and a recently bolstered workforce to help it overcome lower than expected sales in the first quarter and a ‘tough’ upcoming second quarter to ultimately...
Kellogg Co. will move forward with hiring employees to replace the roughly 1,400 hourly union members at four of its US cereal plants who, over the weekend, “overwhelmingly” rejected its most recent contract proposal – opting instead to extend their strike...
Short of a Christmas miracle, ongoing port delays and other supply chain disruptions alongside rising inflation and labor challenges will continue long into the New Year – not only threatening holiday sales and deliveries in the short term, but also consumer...
For now, the Kellogg Co. believes it can still hit its full year profit targets – but executives warn it may be a close call as an ongoing strike at US cereal facilities drags on, compounding already challenging supply-chain and inflationary challenges...
While the CPG industry continues to steadily add jobs, the rate at which companies are onboarding new employees still falls woefully short of what is needed to keep pace with quickly rising consumer demand – prompting industry leaders to reevaluate the...
An end to pandemic-related government subsidies last month did not, as hoped, end the labor shortage currently hamstringing manufacturers’ ability to meet the sustained higher demand for food consumed at home – forcing industry to seek other solutions.
Israeli startup Seebo may be best-known for helping food and beverage companies, like Barilla, Nestle, Mondelez and PepsiCo, predict and prevent food waste, but its Process-Based Artificial Intelligence technology also can help companies navigate one...
Ongoing labor challenges are a double-edged sword for Hormel Foods Corporation, which struggled to fully meet consumer demand in its third quarter due to staffing shortages, but which also saw its food service business rebound significantly thanks to...
Kellogg is bracing for at least another six to nine months of volatility as it continues to grapple with supply chain constraints, inflation and labor shortages, but it also is optimistic about upcoming innovations and opportunities embedded in new consumer...
Even as economies reopen and consumer mobility increases, demand for CPGs and food consumed at home remains elevated over pre-pandemic levels in many categories, and in some cases exceeds the high demand of the early pantry-stocking days, according to...
As more diverse retail shops and restaurants that temporarily restricted hours during the peak of the pandemic continue to reopen, competition for employees is increasing with many food and beverage CPG manufacturers and retailers struggling to hire...
Campbell Soup Co. executives were braced for a tough third quarter as vaccinated consumers began eating at home less just as the company cycled past the peak pantry stocking phase of the pandemic from a year ago, but even they appeared surprised by how...
The long-awaited end of the pandemic may be nearing in the US as vaccine distribution expands and new government guidance rolls back some mask and social distancing requirements, but for the CPG industry, some of the challenges that arose and accelerated...