by Stefan Stanford, All News Pipeline:
According to Kraft Heinz Foods CEO Miguel Patricio, not only are higher inflation and supply issues coursing through the food industry but he doesn’t see an end to the issues anytime soon.
Telling CNN Business the issues of the past several years in the food industry will surely continue into 2023 if he is correct, besides more shortages and price increases, Patricio warns “beyond the double-barrel challenges of shortages of raw materials and inflation, issues like the continuing pandemic and the war in Ukraine……are adding to the uncertainty…..making things very hard for the entire industry.”