Ingredients are low in supply for this one item found in multiple products.
than they were when the pandemic panic-buying began two years ago. New data from one of the biggest food companies in the world backs up this claim.
General Mills CFO Kofi Bruce recently admitted that the company is seeing"acute supply shortages" for its refrigerated pizza and dough products like Pillsbury doughs and Totino's pizza rolls, reports. In a presentation of the company's financial results for the period that ended on Feb. 27, Bruce says that supplies are below normal levels.explains that usually the company meets demand up to 99% of the time while right now it is only able to supply shoppers with the items they are looking for around 70% of the time.The company's North American Retail President Jon Nudi confirmed the issues, noting that they are apparent because of raw material and ingredient disruptions.
CEO Jeff Harmening echoed the other company leaders, saying that"Not only have supply chain disruptions been a challenge, but we are also facing historic levels of input cost inflation" and"Our market basket … has been at a multi-decade high in recent months." In addition to the pizza dough supply shortages, General Mills is raising costs of its products to offset the increase in ingredient prices because of
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maricopa Food Pantry burns in fire, losing 40,000lbs of foodOh no... 💔 The Maricopa Food Pantry says about 40,000lbs of canned food, meat and produce were lost in the fire. Most of it could be seen in burned piles on the ground. AshleyOnABC15 speaks with the pantry's president, tonight at ABC15 News at 10.
Read more »
8-year-old boy helps Carpentersville food bank fight hungerAn 8-year-old boy is trying to ensure no one goes hungry by donating to a Carpentersville, IL food bank.
Read more »
Massive food market in Mexico City poised to harness sunshine for powerA sprawling fruit and vegetable market in Mexico's capital wants to spark a greener future as the world's biggest urban solar farm, with thousands of photovoltaic panels set to be installed this year on the seemingly endless roofs of its buildings.
Read more »
Arby's Wants to Offer Virtual Food in MetaverseOne of America’s greatest fast food chains is preparing to join the Metaverse
Read more »
Dangerous PFAS chemicals are in your food packagingIn 1938, a 27-year-old chemist named Roy Plunkett stumbled across a new type of chemical, one with a bond so strong it would end up sticking around long after he died—in fact, almost forever.
Read more »
Volunteer makes certain students have Food for ThoughtEvery Friday during the school year, more than 100 volunteers gather under the Colfax Avenue viaduct to fill bags of food with the nonprofit Food For Thought. Brian Connor has been volunteering with them for four years.
Read more »