Even as consumers seek out low-cost options, they choose brand names when given a budget-friendly choice, according to McCormick. The flavors and seasonings giant shared on a call with analysts Tuesday (Oct. 3) discussing its third-quarter earnings results that it is seeing continued value-seeking behavior...
McCormick & Company is using D2C to test flavors that could draw new customers into the fold. On an earnings call with analysts Tuesday (March 28), the flavorings giant said consumers are looking for both novel tastes and quick, easy food options. “We’re launching new...
Smaller grocers are again caught between consumers and prices as major brands pass on their commodities costs. Shoppers globally are expected to pay even more for branded food items in the coming year as packaged goods production expenses remain high, Reuters reported Wednesday (Feb. 8)....
As CPG brands debate whether inflation is easing or intensifying, Mondelēz expects more challenges ahead. Snack and candy giant Mondelēz International, parent company of a wide range of popular brands including Cadbury, Oreo, and Trident spoke to this outlook on a call with analysts Tuesday (Jan....
February 08, 2023
Smaller grocers are again caught between consumers and prices as major brands pass on their commodities costs. Shoppers globally are expected to pay even more for branded food items in the coming year as packaged goods production expenses remain high, Reuters reported Wednesday (Feb. 8). Manufacturers, in turn, are projected to increase item prices until […]
February 15, 2026
Food companies like Unilever and McCormick have long used artificial intelligence in product development. But according to a report Saturday (Feb. 14) by CNBC, these companies say that AI plays only a limited part in their efforts, even as a new crop of startups tries to work its way into the industry. “These tools help […]
August 03, 2021
International Finance Corp (IFC) is teaming up with McCormick & Company and Citi to advance social and environmental sustainability by offering financial incentives to suppliers. The initiative has already rolled...