Taffet will be responsible for driving transformative growth strategies across the company's expanding snacks portfolio, which includes iconic brands like Hershey's, Reese's, Jolly Rancher and Dot's Homestyle Pretzels.
PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion.
Higher tariffs lead to increased costs of raw materials and in turn, finished product. Moreover, tariffs can squeeze profit margins as brands struggle to absorb additional costs without raising retail prices, in order not to lose cost-sensitive consumers.
"The Trendspotter Panel came away with exciting findings that range from Instant Global Gratification to the impact of small farms and Hawaii as Terroir. I look forward to seeing how these trends show up across the industry in 2025 and beyond." -- Bill Lynch, president, SFA
"It is important to remember that supply and demand continue to drive wholesale prices for eggs, and as the Easter holiday approaches, increasing demand may cause a second, temporary increase in prices."
Aoukar brings a wealth of experience in supply chain and operations leadership within the consumer packaged goods industry. Most recently, he served as chief operating officer at ByHeart.
Elevated prices and pressured consumers set the stage for increasing retailer investment and consumer adoption, leading to private label share growth in CPG globally
Circana’s global research, From Growth to Transformation: A Global Private Label Perspective, explores regional approaches to private brands across the European Union, Australia, and the United States.
Approximately 98% of shoppers reported that they had purchased confectionery products at some point in 2024, demonstrating that they continue to leave room in their budgets for treats like chocolate and candy that enhance special moments.
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