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Commodity inflation adds to challenge of managing pandemic recovery

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Mar 17, 2021 at 05:03 PM CST
Concerns about commodity inflation have been a frequent topic of discussion among food company leaders as they issue financial outlooks for the coming year. Prices for food ingredients as well as transportation expenses have risen sharply and prompted companies to accelerate cost savings programs, raise prices and reduce trade spending. Adding to the mounting pressure will be an unpredictable recovery from the COVID-19 pandemic.

Mar 17, 2021 at 05:03 PM CST

Concerns about commodity inflation have been a frequent topic of discussion among food company leaders as they issue financial outlooks for the coming year. Prices for food ingredients as well as transportation expenses have risen sharply and prompted companies to accelerate cost savings programs, raise prices and reduce trade spending. Adding to the mounting pressure will be an unpredictable recovery from the COVID-19 pandemic.