CPGs

Industry Partners

FMI: ‘Parents Should Be Confident in Feeding Infant Formula to Their Children’

"We urge the agency to clearly reassure consumers that Abbott has taken appropriate steps to come into compliance with food safety regulations and resume safe production so that consumer confidence in the safety of its products can be rebuilt," said FMI President and CEO Leslie G. Sarasin.

CPG

Abbott Closer to Reopening Baby-Formula Production Facility

As consumers show concern for stockouts of baby formula, Abbott has entered into a consent decree with the FDA on the necessary steps to resume production and maintain its Michigan plant that shut down earlier this year.

"This is the 14th straight month that we’ve seen wholesale prices push above the historical trend line, and the CPG industry ... is exceptionally frustrated," the CEO of the Consumer Brands Association says.

CPG demand has remained strong as many Americans continue to work from home more than they did pre-pandemic—but that's exacerbating existing and emerging supply-chain challenges, Consumer Brands says.

An October 2021 Consumer Brands-Ipsos poll found that 85% of Americans want to see the government take a stronger hand in stopping THC copycats.

The veteran in the produce and beverage industries has more than two decades of experience in supply chain management, operations and continuous improvement from PepsiCo and most recently, Wonderful Citrus.

Increased inflation will have shoppers steering away from premium products in favor of more mainstream items, including private label, an IRI webinar reports.

More than 4 in 10 consumers polled by digital supply-chain specialist Blue Yonder said their interest in shopping sustainably has increased since the start of the pandemic.

Dollar sales of store brands grew 6.5% in the period vs. 5.2% growth for national brands, according to IRI figures.

Continued pressure on commodities will push prices at grocery stores and restaurants still higher through 2022, the U.S. Department of Agriculture forecasts.

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