Heather Haddon

speaker

61 appearances 2 recordings 1 series first heard Oct 2023 last heard Feb 2024

Heather Haddon’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Consumers Are Finding Creative Ways to Cope With High Food Prices · 29 Feb 2024 podcast

Kellogg's CEO said that folks should eat cereal for dinner.

That's one strategy.

Consumers might feel very conflicted about that.

But outside of that, there are food companies are trying to offer promotions and deals to try to get people to come back to their products.

There is a convenience aspect to a lot of this that the cooking for yourself every night, it's hard.

It takes a lot of work.

It takes a lot of planning.

And not everyone has that time and planning.

And

I think these packaged goods companies are trying to emphasize their convenience to folks, even those who might be feeling a little tight financially.

Well, on the restaurant side, I don't know when we're going to see that because the wages are continuing to go up and that's real pressure for these restaurants.

On the grocery side, some food may go down later this year.

There are commodities that have fallen quite a bit since the peaks.

We think about when the Ukrainian war first broke out, the cost for a lot of edible oils just shot up in such a big way.

And a lot of those prices are now falling.

So there could be relief in some parts.

The grocery store, but likely not all.

Again, that cocoa, which is used for candy bars and all kinds of sweets and treats, it's very high still and it's expected to remain there.

WSJ Your Money Briefing · Introducing: WSJ's Take On the Week · 29 Oct 2023 podcast

We have had an unprecedented rise of union activity in sectors where it hasn't traditionally been successful, like retail, which Starbucks is a big retailer.

This is a dance, and that's what a lot of investors are going to be looking for at their next investor meeting, where the CEO is expected to update its long-term guidance when it comes to profits and sales.

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