Manufacturers Cut Costs with ‘Skimpflation’ – and Savvy Consumers Take Note
Some food brands have reformulated their products using cheaper ingredients – a tactic some refer to as “skimpflation.”
Some food brands have reformulated their products using cheaper ingredients – a tactic some refer to as “skimpflation.”
More major CPG companies are playing in plant-based, flagging the alt-protein category as a potential catalyst for growth. But industrywide, the depth of that value is not easily measured in broad strokes. “When you factor …
Omnivores dabbling in plant-based alternatives to meat and dairy products are expected to propel these substitutes into a $162 billion global industry within the decade. With that much money at stake, major food companies, including …
Americans’ concerns are shifting from the pandemic to inflation, according to a new poll. The Associated Press-NORC Center for Public Affairs Research found that just 37% of Americans say the virus is one of the …
With inflation on the rise, major CPG companies are projecting price increases. Here are a few of the top brands to announce such pending hikes: UNILEVER After already raising prices 1.6% in the second quarter, …
With the Consumer Price Index rising 0.9% in June, food brands are raising prices to keep up with inflation. The latest major company to follow suit is Conagra. Conagra recently cut its fiscal 2022 outlook …
Among the changes forced by COVID-19, the typical consumer lunch hour has shifted to in-home dining. And consumer packaged goods (CPG) companies are betting that relocation is a trend that’s here to stay. In fact, …
Several CPG brands recently released quarterly earnings, displaying high demand for snacks and ingredients as consumers cook at home. PepsiCo Quarterly sales for PepsiCo grew by more than 5%, fueled by higher sales of …
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