Yet for consumer companies, the financial consequences of quickly ramping up production have been severe.third-quarter sales growth slowed and the company on Monday posted a $19.3 million net loss, partly due to higher expenses from retooling its supply chain to meet grocery demand earlier this year, and what it described as less “retail stockpiling” during the quarter.
“I’d say that today, our supply chain is so much more resilient than it was at the beginning of the year,” McCormick’s Chief Executive Lawrence Kurzius told Reuters in October. Next month, Prego pasta sauce owner Campbell Soup is expected to report an increase in operating expenses, its first in five quarters, according to Refinitiv. Campbell - which has sacrificed some products to focus on more popular ones, such as chicken or tomato soup - spent more on sanitation and labor in its most recent quarter and invested $40 million in a new Goldfish cracker plant in September.
These consumers are still using the toilet paper they bought the first time around , no money for more
We're too tired. 😫 2020's got us like
I don’t think we’ll see panic shopping even when a hurricane comes. We’re hardened mentally by the pandemic.
Not yet...
I plan on hibernating and burning up my fat that I developed during summer grazing, like a bear.
95% only bad news(
Not that surprisingly as it wasn't needed.
That's because lockdown has become the norm.
Buffy said it and then her account was attacked. Then suspended. Time for don to face the music