Despite a year characterized by consumer caution regarding grocery price hikes, the cost of preparing a Thanksgiving meal has actually decreased compared to 2024, thanks in large part to the star of the show: the turkey. The American Farm Bureau…
Tag:
costs
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Key Points: Monster Beverage anticipates a slight impact from tariffs due to high duties on imported aluminum for cans. The Midwest premium for aluminum has increased, raising costs for the company. CEO Hilton Schlosberg stated that the company will implement…
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Key Insights: PepsiCo is testing a unified distribution model in Texas to merge its snacks and beverages businesses, aiming to reduce costs and increase productivity. Investments in technology have enabled PepsiCo to consolidate warehouses for its snacks and beverages units,…
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As more breweries aim for net-zero emissions, some are turning to heat pumps as an alternative to gas boilers. Companies like Guinness and New Belgium Brewing are investing in electrified heat and steam technology to reduce their environmental impact. AtmosZero,…
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Key Points: Albertsons is implementing strategies to mitigate the impact of rising ingredient costs on goods from vendors, according to CEO Susan Morris. The grocery chain is analyzing cost increases to ensure alignment between parties, with consideration for alternate suppliers…
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Key Points: Hershey plans to increase candy prices by double digits due to unprecedented cocoa costs affecting top brands. The price hikes are unrelated to tariffs or trade policies. Although cocoa prices have decreased from record highs, they remain elevated…
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Food News
The new price reality: Why 84% of consumers have seen rising costs and how brands must respond
There is a rapid shift in consumer behavior, driven not only by inflation fatigue but also by increased price sensitivity, declining optimism, and a strong focus on seeking value. This shift is evident in the comparison of consumer sentiment from…
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Key Points: The Campbell’s Company is collaborating with suppliers in Italy to minimize the impact of tariffs on its Rao’s brand of premium pasta sauce and other products, as stated by EVP and CFO Carrie Anderson during a June 2…
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President Donald Trump has decided to increase steel and aluminum tariffs to 50%, a move that has packaging manufacturers concerned about the impact on the food industry. Despite a recent court ruling blocking many tariffs, Trump’s decision aims to protect…
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Keurig Dr Pepper Offers Limited-Time Discounted Subscription Model for K-Cup Pods Keurig Dr Pepper has introduced a special discounted subscription model for its Keurig K-Cup pods in an effort to boost sales during a challenging time for the coffee industry.…
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