PepsiCo this week joins the ranks of food manufacturers, retailers and delivery companies laying off employees or offering buyouts to reduce their workforce and offset inflationary pressures even as the consumer packaged goods industry overall struggles...
CPG companies and retailers should brace for softer sales in 2023 by leaning into the strategies they used during peak-pandemic as the US tiptoes around a recession and the shields protecting consumers from feeling the full brunt of the current economic...
European aluminium foil (alufoil) output fell in 2011 as the economic downturn and a surge in imports from China combined to give the industry a tough 12 months.
Take up of robotic technology in the food sector is set to steadily increase as processors are forced to seek further efficiency gains and demand could challenge that of the automotive industry within a decade, said the head of a leading trade body.
Food firms looking to trim costs in the recession must be sure to complete due diligence in their ingredient sourcing and not compromise the long-term image of their brands by reduced quality, warns a food chain consultant.