Biscuit and chocolate giant Mondelez International nearly doubled its outlook for fiscal 2023 after delivering its “best quarter ever” with organic revenue growth up 19.4% to $1.5bn over the same period last year and “significantly ahead of [an] already...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
Survey of 5,000 consumers in 10 European countries reveals majority of people report feeling the impact of rising food prices because of the conflict in Ukraine.
Grain prices have spiked nearly 20% as European crop production has faltered in the face of this year’s extreme weather. What will this mean for consumers at the checkout?
Europe’s consumers are displaying signs of severe ‘inflation fatigue’ as they face a declining standard of living that is forcing a range of coping behaviours not seen since the austere late 70s and early 80s, warns a sobering report from IRI.
Fears are rife that consumer trust in the food products they buy will denigrate as cash strapped consumers are forced to turn their backs on clean living and healthy eating as inflation reaches record highs in the UK and eurozone.
