COLUMN: Resilient Consumers Aren’t Going Anywhere – Yet
With price hikes easing and food company earnings strong, it appears resilient consumers aren’t going anywhere – yet.
Tag: Kraft Heinz
What the Health Star Rating (HSR) System Reveals
Nestle SA recently announced that only 30% of its portfolio is considered healthy after conducting a self-assessment using the Health Star Rating (HSR) system. The rating test also showed that a third of Nestle’s sales …
Analysis: ‘Value’ Food Manufacturers Positioned Well for Recession
In the U.S., inflation has been running above 5% since the middle of 2021. For packaged foods players, input cost increases have been even higher. Yet, at least so far, even the companies on the …
Major CPG Players Fueling Alt Cream Cheese Innovation
Amidst the booming cultured dairy market, major food manufacturers are taking plant-based cream cheese to the next level.
Demand for Plant-Based Mayo Spreading
Demand for plant-based condiments is spreading in the U.S., and The Kraft Heinz Not Company is zeroing in on plant-based mayo. In late October, Kraft Heinz and NotCo unveiled their first collaborative offerings — plant-based cheese …
CPG Companies Eye Plant-Based Market with Different Goals
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 …
Poll: Americans Bracing for More Inflation as CPG Prices Rise
Nearly eight in 10 Americans expect inflation to persist over the next six months—and they’re probably right. Half even anticipate it to increase “a lot,” while 78% expect interest rates to rise, according to a …
Experts Weigh In on 2022 Inflation Outlook
Food Industry Employees Earned 46.8% Less than U.S. Average in 2020
The food industry took major hits throughout the pandemic. In the aftermath, internal and external wage disparities continue to exacerbate labor issues industrywide. In 2020, median food industry employee compensation was $33,392, down 0.7% year …
CPG Companies Bet on Longer-Term Remote Work and In-Home Dining
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, …
Have the Coffee Wars Come Home?
The COVID-19 pandemic has turned the world upside down, but that hasn’t stopped the global consumption of roughly 2.25 billion cups of coffee per day. What has certainly changed during this 2020 crisis is how …
Large CPG Companies Continue to Pivot
Kraft Heinz plans to cut $2 billion in costs over five years, reported The Wall Street Journal (Sept. 15). The company will be making cuts more strategically than in the past, according to CEO Miguel …