Beloved Snacks Will Remain Hard to Find at Grocery Stores

Mondelez, the maker of Oreos and Ritz Crackers, announced 7% price hikes this month due to rising inflation a few days ago.

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On a Jan. 27 earnings call, CEO Dirk Van de Put suggested that buyers may have to pay more for their favorite treats

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Inventory levels were affected by an autumn 2021 worker strike and omicron labor shortages.

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. The corporation is boosting supply, but your next supermarket run may be affected.

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Mondelēz CFO Luca Zaramella stated on the call that rebuilding inventory levels is a time-consuming process due to strong demand.

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"We expect a gradual improvement of the situation as the year progresses."

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"By applying the lessons learned from earlier waves of the pandemic and maintaining our focus on execution,

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we are confident that we remain well positioned to deliver our growth targets," Van de Put said.

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Mondelēz CFO Luca Zaramella stated on the call that rebuilding inventory levels is a time-consuming process due to strong demand.

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have trouble finding them in grocery stores until later this year.

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