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As inflation rages, food and beverage manufacturers pass higher costs on to consumers


As inflation rages, food and beverage manufacturers pass higher costs on to consumers
Coca-Cola, Nestlé and General Mills are just a few of the CPGs to announce hikes as they face a jump in expenses for ingredients, manufacturing, packaging and transportation.
Published May 4, 2021
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Food and beverage manufacturers are facing higher input costs across their businesses, leading to a jump in the prices consumers pay for everything from peanut butter to turkey that is likely to ensnare other offerings this year.
The pressure is coming from all sides. Beverage makers are facing a jump in expenses for packaging like aluminum. Meat prices are on the rise as the cost for grain to feed animals like turkey and hogs climbs. A surge in freight, transportation and manufacturing costs as well as pandemic-related expenses also are weighing on producers. These come on top of i ....

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Welcome To IANS Live - BUSINESS - Indices close flat, metal stocks shine (Roundup)


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Mumbai, May 3 (IANS) India s key benchmark equity indices closed on a flat note on Monday as robust quarterly results, along with an upbeat corporate outlook, aided in the recovery from the early losses.
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Update: 03-May-2021 ....

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Toyota group, Suzuki to jointly develop small EV for Japanese market


Toyota group, Suzuki to jointly develop small EV for Japanese market
May 2, 2021 (Mainichi Japan)
(Mainichi)
NAGOYA (Kyodo) Toyota Motor Corp., its small car subsidiary Daihatsu Motor Co. and Suzuki Motor Corp. will jointly develop a small electric vehicle for the Japanese market, sources close to the matter said Saturday.
The three automakers aim to split the cost of developing the new model as it is uncertain whether owners of small cars in Japan will opt to switch to higher-priced EVs, they said.
Daihatsu and Suzuki compete in the domestic market of minivehicles carrying engines of up to 660 cc, which see steady demand partly due to lower registration fees and taxes. ....

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Bayshore Petroleum Corp. Corporate Update


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This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act ), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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