Executives from General Mills and calling for patience – not promotions – to help reverse volume declines that for months have plagued the food and beverage industry across categories, but which so far have been sufficiently offset by price increases.
Conagra Brands is well positioned for 2024 as inflation eases, but will need to contend with shifting consumer behavior as shoppers begin to purchase fewer food items, CEO and President Sean Connolly said July 13 during the firm’s fourth quarter and fiscal...
As temperatures drop across the country and consumers allocate a larger portion of their budget to heating and fuel, experts predict spending will cool across other categories, including food, which has been relatively resilient despite double-digit inflation.
As supply chains slowly recover and some commodity prices recede, Kraft Heinz says it will offer more “mutually beneficial” promotions with retailers, coupons and other deals to soften the impact of recent price hikes on increasingly budget-conscious...
Decisions made during the early days of the pandemic to ease supply chain pressure likely will have unintended consequences for product development, retail shelf space negotiations, and marketing strategies long after the coronavirus vaccine is broadly...