Kellanova’s ramped up commercial activity is paying off – helping the snack giant drive higher volume and sales amid challenging macro and industry conditions, which in turn helped convince retailers to accept price hikes, smaller pack sizes and other revenue growth management strategies, executives reported yesterday during the company’s first quarter earnings call.
The past decade has seen seismic shifts in the economic, environmental, political and technological landscapes. But how are these and other influences affecting the food and beverage industry?
The majority of shoppers are ‘unwilling to sacrifice quality’ even if that means paying a higher price, new research suggests. Plus: opportunities in dairy desserts, ice cream, label claims and pack sizes.
The proliferation of state legislative initiatives has placed a critical obligation on bakers to meticulously scrutinize their formulations, ensuring that banned ingredients are excluded to enable marketing in specific states. Failure to comply could result in penalties of up to $10,000 per violation.
Kraft Heinz executives are optimistic that the company will hit its full year financial goals despite a rocky start to the year in which organic sales and overall volumes dropped, due in part to a one-two punch of higher prices and less government support to help low-income consumers buy groceries.
Understanding of high-histamine and histamine-liberating foods is relatively new, but it’s quickly gaining consumer interest. So, what is this new trend towards consuming low-histamine foods and is it one to watch?