CPG companies could lose as much as 1% compound annual growth in revenue for the next several years with economic factors coalescing to create obstacles, professional service company PwC projected during a Consumer Brands Association webinar this week.
Whether it's a favorite box of cookies or a protein-rich nutrition bar, consumers are chowing down on snack foods now more than ever, and the category remains strong in the face of inflation and other economic concerns, according to the State of...
Despite concerns that high energy prices, supply chain and labor challenges, and geo-political strife will continue at least through the end of the year if not longer, many CPG executives remain optimistic about their companies’ performance, according...
PepsiCo this week joins the ranks of food manufacturers, retailers and delivery companies laying off employees or offering buyouts to reduce their workforce and offset inflationary pressures even as the consumer packaged goods industry overall struggles...
Between the supply chain challenges and product shortages that marked the beginning of the pandemic and rising food prices due to inflation continuing to push some products out of consumers’ financial reach, many Americans are being forced to try new...
CPG companies and retailers should brace for softer sales in 2023 by leaning into the strategies they used during peak-pandemic as the US tiptoes around a recession and the shields protecting consumers from feeling the full brunt of the current economic...
Despite the difficult economic reset underway in the capital markets and lingering supply chain challenges, rising inflation and the growing threat of a recession, investors are still interested in the food and beverage space, according to one investment...
While General Mills was able to roll with the punches, including spiking inflation and supply chain challenges, over the past year to deliver better than expected financial results in fiscal 2022, some wonder if the CPG giant, and its competitors, will...
While some industry players are reining in spending to build-up reserves in case of a recession, General Mills is taking the opposite tack – choosing to double down on investments and explore acquisitions that could help it stay ahead of the competition...
Where the food and beverage industry was once flush with funding from venture capitalists drawn to fast-growing businesses and from strategics eager to pay high multiples for innovative start-ups, money is now harder to come by as inflation, supply chain...
As the number of Americans dependent on what was once known as food stamps swells to 13% of the population due in large part to an unemployment spike related to the pandemic, they have become an increasingly important demographic for CPG retailers, according...
Higher income shoppers are frequenting discount retailer Dollar General more often than they did before the coronavirus pandemic, but it isn’t because they are avoiding crowds at higher end retailers or desperately searching for items out of stock at...
While economic stimulus spending has helped drive up Walmart’s market share in general merchandising in recent months, it may have taken an unexpected toll on the retailer’s grocery business when paired with other pandemic-related operational changes,...
Unilever has leveraged ‘agility’ to adapt its business to COVID-19. How does the company plan to cope with the global economic recession that now looks likely?
While it is still too early to predict the long-term economic impact of measures designed to slow the spread of the coronavirus, the Kroger Co. is bracing for the “high risk” that a recession is on the horizon by investing now in innovation and key partnerships,...
The place of private label products in the grocery store has been cemented by the economic downturn as many categories have continued to grow, according to a new report from market research organization IRI.
Cocoa futures in New York hit their lowest price since September yesterday on signs of increased production in Ivory Coast, which is the leading global supplier.
Private label product innovation has reached unprecedented highs and market share has rocketed as a result, according to market research organization Mintel.
Focusing on health and wellness and building brand awareness are the most successful strategies for weathering the global economic storm, according to a Frost and Sullivan analyst.
There is a long cold winter expected ahead for US ‘luxury’ food manufacturers as the weakest consumer spending over a holiday period since 1991 is this year expected to dent the industry’s festive spirits, says new findings.