General Mills sees the uncertainty of another year

MINNEAPOLIS – General Mills, Inc.’s management team is preparing for double-digit inflation in fiscal 2023 for ongoing disruptions in the cost of goods sold and the supply chain. “I think we expect a year of uncertainty, honestly, similar to the table set this year,” Kofi A. Bruce, chief financial officer, said in a conference call … Read more

Snack makers support digitization | Food Business News

CHICAGO – Inflation, ongoing supply chain challenges and other factors are likely to affect consumer purchasing and create headwinds for the snack category in the coming months. “A big challenge for snack players is to add value to products so that consumers are willing to pay higher prices,” said Anne Scott Livingston, a food and … Read more

Use technology to drive your consumer-centric strategy

Hoag’s digital director, Kathy Azeez-Narain, explained how the health system developed an app to strengthen relationships with its consumers and keep them connected to their health. Today’s healthcare consumer is more tech-savvy and connected than ever before. They want to be involved in how their care is delivered. They want more than just a transactional … Read more

The future of food in the heart of America

CHICAGO – “In the next 10 years, the last 50 years in the food industry will look like they’ve been in the rhythm of a snail,” said Don Thompson, Cleveland Avenue, Chicago’s chief executive and founder. “It will be hyperaggressive and hyperactive.” Mr. Thompson, a former president and CEO of McDonald’s Corp., spoke at the … Read more

Delicious innovation on display at Sweets & Snacks

CHICAGO – The confectionery industry overcame difficult comparisons in 2021 to achieve significant growth. Chocolate and non-chocolate dollar sales increased compared to 2020, and improved in 2019 compared to COVID. U.S. bakery sales reached $ 28.9 billion in the IRI market, including grocery stores, mass, club, curators, convenience, drugs. and dollar stores. When it comes … Read more