Tag: inflation

How Hormel and JM Smucker Are Beating the Market

It’s not hard to understand why these companies have found success in a challenging environment. These are comfort food manufacturers (among other things!) whose identities, infrastructure, and revenue are built upon foods people reach for when they’re feeling down, feeling squeezed, or both.

What’s on the Horizon for CPG Companies in 2024?

In 2023, we also saw a growing trend among consumers to adapt their buying habits to save money by trading down and prioritizing cost savings over quality, with 66% of consumers seeking out less expensive goods in 2023.

Poultry Power Meets Global Flavor

Chicken listings on restaurant menus have grown 6.4% in the past five years, outpacing the 4.7% of burgers and other beef-based items.

Unilever is a Cautionary Tale for U.S. Food Companies

On July 1, Hein Schumacher took over as chief executive officer of Unilever. His appointment followed a long search that brought him into the company from Dutch dairy co-op Royal FrieslandCampina, and his immediate mandate …

Walmart Commits to Reducing Food Waste

In an era of increased greenwashing and many companies abandoning once-ambitious ESG plans altogether, Walmart appears to be making real strides toward helping reduce food waste, solve food deserts, and burnishing its worldwide brand a little more.

Consumers Are Changing How They Grocery Shop… Again

It’s no secret that consumers are dealing with a lot right now—emergency SNAP benefits ended, student loan payments restarted, and food inflation has persisted—putting many grocery consumers in a bind and ultimately changing how they …

Thanksgiving 2023: Expect Expensive Meals

Food manufacturers have seen their profits fall in the past year, forcing them to pass along increases for raw materials, energy, transportation, and packaging.

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Three Consumer Mindsets Driving Fresh Grocery Sales

Despite easing inflation concerns, consumers are still preparing 85% of meals at home, which presents significant sales opportunities. In a recent webinar, Circana and FMI unpacked the three major mindsets driving today’s fresh grocery shoppers.

Sugarflation Frustration

The term “sugarflation” could soon become part of the global lexicon. Everything from candy and soft drinks to baked goods are likely to become more expensive in the second half of 2023 – sugar prices …