As part of a significant cost-cutting review, PepsiCo is streamlining its product offerings by nearly 20% in response to a slowdown in consumer spending and pressure from an activist investor. The company, known for brands like Doritos and Mountain Dew,…
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affordability
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Food News
Navigating the cocoa conundrum: Innovative approaches to maintaining indulgence and affordability
Recently, the food industry has been facing a major challenge in the cocoa sector. Cocoa prices have skyrocketed by 250%, reaching $10,000 per metric ton (Intercontinental Exchange Inc. and Bloomberg). This cocoa crisis is a result of various factors such…