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May 5, 2020

Dan Fachner becomes J&J Snack Foods new president

J&J Snack Foods has appointed a new president from its US-based wholly-owned subsidiary to replace Gerald Shreiber.

By Dean Best

J&J Snack Foods has appointed a new president in the form of Dan Fachner, who heads up the US-based firm’s beverages subsidiary, The ICEE Company.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Fachner will remain as president and chief executive of ICEE but will have “responsibility for the entire business” of New Jersey-based J&J Snack Foods. He will report to Gerald Shreiber, the former president, who will retain the positions of CEO and board chairman. 

“Throughout Dan’s long history at J&J Snack Foods, he has built a reputation for team building, leadership, communication, employee engagement and integrity,” Shreiber said in a statement. “His transition will be seamless, and I am highly confident that his acumen and talent will continue to lead us forward.” 

Meanwhile, Gerard Law will resign as senior vice president on 1 May.

The reshuffle follows warnings made in March by Nasdaq-listed J&J Snack Foods that it expects to feel a “material” impact on its business from the coronavirus pandemic, which has forced the hospitality sector such as restaurants, schools and movie theatres to close temporarily.

At the time, J&J Snack Foods reported the virus was having a more severe impact on foodservice than it originally envisaged, with two-thirds of its US$1.2bn in annual sales expected to be hit.

J&J Snack Foods produces a range of snacks including bread, cookies, cakes, pies, pretzels, burritos and frozen fruit snacks such as its Minute Maid brand.  

Related Companies

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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