The chief executive of US cereal maker Kellogg Co has said the company is seeing “a lot of pressure” as a result of rising commodity prices.
Go deeper with GlobalData
Costs of soybean oil, cocoa, sugar, rice and fuel have all risen, chief executive Carlos Gutierrez told Reuters. Kellogg uses soybean oil in its cookies and crackers, rice in some of its cereals and snacks, and sugar in many of its product lines.
“We’ve been able to manage through it, but there’s no question that there is inflation out there,” Gutierrez was quoted as saying. “If the pressure continues, we may have to take some action.”
Action to withstand rising costs could include wholesale price increases that could get passed on to customers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
