INFLATION: Don’t expect significant respite soon, says Bernstein
Food manufacturers have been dealing with the largest year-on-year COGS )(cost of goods) input growth in recent history, well above levels seen in 2008 and 2011, note analysts at Bernstein in a Dec 15 report: “As we look to 2023, these problems will likely persist as our coverage guides to high-single digits to low double digits cost inflation for next year.”
