General Mills

CPG companies experiencing unusual demand weakness as Americans’ incomes deteriorate

It’s not often that companies in the same industry provide differing views of why demand might be strong or weak at a particular time, or for that matter express confusion about what’s happening, but that’s what’s occurring among U.S. branded packaged foods companies.

As FreightWaves reported two weeks ago, General Mills experienced a sharp volume decline in its quarter ending May 31 and provided two explanations for why: Americans have become increasingly price-sensitive and U.S. retailers have...

https://www.freightwaves.com/news/cpg-companies-experiencing-unusual-demand-weakness-as-americans-incomes-deteriorate

Food giants cash in on ‘pet parents’ buying gourmet meals for ‘fur babies’

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As historic inflation slams the U.S., consumers are flocking to bad beer and Walmart-brand cream...

https://www.freightwaves.com/news/food-giants-cash-in-on-pet-parents-buying-gourmet-meals-for-fur-babies

Supply chain exec’s advice: Don’t get sucked in by the day-to-day

LAKE BUENA VISTA, Fla. — When you’re trying to transform a company’s operations, you’ve got to let the short-term stuff get fixed by others.

That was one of the takeaways from an initiative undertaken in the past two years at General Mills to overhaul its supply chain as part of a broader transformation going on with the food manufacturer.

The person who delivered that message at the Gartner Supply Chain Symposium was Becky Crane, the vice president of the morning foods supply chain at General...

https://www.freightwaves.com/news/supply-chain-execs-advice-dont-get-sucked-in-by-the-day-to-day

Embark Trucks taps industry advisers on path to AV commercialization

SAN FRANCISCO — SPAC-sponsored Embark Trucks is adding more than 150 years of cumulative industry experience to its preparations for going public, assembling a strategic advisory board that touches all transportation industry sectors.

Embark is not the first autonomous trucking software startup to tap into the industry. TuSimple Holdings (NASDAQ: TSP) went public in April, the first of four autonomous trucking companies to seek public trading. TuSimple has a large group of advisers, many of whom...

https://www.freightwaves.com/news/embark-trucks-taps-industry-advisers-on-path-to-av-commercialization

General Mills sees mid-single-digit freight cost inflation

Most CPG companies will report earnings next month, but with an off-cycle fiscal year ending May 31, General Mills reported its fiscal third quarter Wednesday morning for the December-February quarter. General Mills’ size and its off-cycle reporting make it a bellwether for next month’s earnings reports. As I’ve discussed in other editions of The Stockout, the inflationary environment in general and rising transportation and logistics costs in particular will have major financial impacts on CPG...

https://s29755.pcdn.co/news/general-mills-sees-mid-single-digit-freight-cost-inflation