tariff

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…

Key Points: Diageo, a spirits company, faces challenges due to President Trump’s tariff policy on imports from Europe. They own popular brands like Guinness, Johnnie Walker, and Ketel One, which are produced outside the U.S. Potentially selling off a flagship…

Hershey is urging the White House to exempt cocoa from tariffs to prevent further price increases on chocolate. The company estimates that tariffs could cost between $15 million to $20 million in the second quarter and potentially up to $100…

The issue of determining retail prices using the “cost of goods plus markup” formula has always been a delicate balancing act. However, in the current era of tariffs, this balancing act has become even more challenging. Since January, trade policies…

With global trade in flux as the Trump administration moves forward with its tariff strategy, U.S. food manufacturers are looking to be flexible and swift with their decision-making to mitigate higher costs and supply chain pressures. Supply chain experts discussed…

Constellation Brands Announces Departure of Chief Customer Officer Constellation Brands has confirmed that Bill Renspie has stepped down from his role as the chief customer officer of the company’s beer division, where he most recently served. A search for his…

Trade Group Seeks Tariff Exemptions for Food and Beverage Manufacturers The Consumer Brands Association, representing major food and beverage companies like PepsiCo and Conagra Brands, has requested targeted tariff exemptions for key ingredients imported by its members. In a letter…

The CEO of Jack Daniel’s maker Brown-Forman has stated that the decision by Canadian retailers to remove U.S. alcohol from shelves in protest of President Donald Trump’s trade policies is more financially damaging to the company than the actual tariffs.…

Nestlé is in a strong position to weather the impact of tariffs, according to the company’s CEO. Laurent Freixe stated that Nestlé benefits from its localized manufacturing footprint, with the majority of products being manufactured in the markets where they…

President-elect Donald Trump’s plan to implement tariffs on imported goods has raised concerns about the impact on the food industry in the United States. According to federal data, the reliance on imported food has been steadily increasing over the years.…