Argentina ‘implements grocery price controls to help temper inflation’
Argentina's inflation reached 113% in July.
21 August 2023
21 August 2023
Argentina's inflation reached 113% in July.
The Prime Ministers of the two countries finalised an agreement to allow Kyiv to move more grain through its neighbour.
The group warned interim headline profits would more than halve.
The snacks giant had the most open roles of food companies across Europe in the first half of the year.
Some 132 workers will be laid off permanently from the Michigan factory on 14 October.
Brands can tap into ‘hi-lo’ consumption, when shoppers cut out high-cost expenditures in response to budget constraints and compensate with smaller, frivolous purchases.
The fruit and vegetables business does not expect any “material impact” from Europe’s heatwave.
Kraft Heinz was reeling when Miguel Patricio, who is set to step down, was appointed CEO at the US food giant back in 2019.
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The global healthy snacks market will be valued at $74.6 billion in 2023 and is expected to grow at a CAGR of 6% by 2030, per GlobalData. Increasing awareness of health and wellness among consumers is the major contributor to the growing demand while a rise in vegan and plant-based diets and rising disposable income, and middle-class expansion are also expected to drive market growth. However, this growth is affected by the challenges posed by high cost of ingredients.
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