Steve Cahillane said the breakfast cereal giant – which so far has essentially avoided hiking prices – is finally expecting to crumple amid worsening inflation, lingering supply chain disruptions, a workers’ strike, a plant fire and the war in Ukraine.
The breakfast cereal giant has announced it will hike the prices of products like Corn Flakes, Pop-Tarts and Pringles to protect margins amid expectations of high-cost inflation in 2022.
The threat of a later summer beer drought looms closer, as Unite members across GXO Logistics Drinks – formerly XPO Logistics Drinks – sites vote in favour of strike action over a ‘paltry’ pay offer.
Plant-based food manufacturer Quorn Foods is facing strike action at its Billingham factory over a pay dispute. As union officials warn this could lead to supermarket shortages, the company says continued supply is of the ‘utmost importance’.
