General Mills, Conagra and other branded packaged food companies continue to experience substantial volume declines, but the explanations differ by company.
Dog food has become an inflation safe haven for packaged-food giants — because pet owners won’t trade down categories for their “fur babies.”
In a presentation at the Gartner Supply Chain Symposium, a General Mills executive said transformation can’t occur if executives get tied up in the day-to-day.
SPAC-sponsored autonomous software developer Embark Trucks is tapping industry experts for advice as its public debut nears.
Most CPG companies will report earnings next month, but with an off-cycle fiscal year ending May 31, General Mills reported its fiscal third quarter Wednesday morning for the December-February quarter. […]
Lumber Prices are soaring which is threatening CPG companies with higher supply chain costs.
As states prepare to administer COVID-19 vaccines, it is still unclear who will be deemed “essential”.
Initiative aims to keep good but rejected food out of landfills and onto plates.
In her final conference call as CEO, PepsiCo’s Indra Nooyi presented their third-quarter results, once more pointing to transportation costs that threatened to eat into profits.
Nestlé commits to pumping the brakes on deforestation caused by palm oil production, Maersk surcharges are on the horizon, and Audi announces their plan to break into the electric vehicle market.
Higher trucking and freight costs cut into second quarter results for Home Depot.
Kellogg (NYSE: K) is the latest company to cite rising freight costs as a threat to profit margins in 2018, according to the Wall Street Journal. It also reported the far-reaching impacts of the trucking strike in Brazil in May 2018.
Citing depressed sales for products like its line of Yoplait yogurts and ‘rising commodity and freight expenses,’ General Mills announced it would eliminate hundreds of positions in an attempt to strengthen its margins.
Large food shippers are citing rapidly inflating freight costs as headwinds to their earnings, including Smuckers, Kraft Heinz, Tyson, Hershey, and General Mills. We round up the impacts to their businesses here, based on earnings call transcripts.
General Mills is citing higher freight costs as a reason for lower than expected earning. This is not an uncommon issue in today’s marketplace. There could be solutions coming in the future.
