Grocers are struggling to keep up with demand - WSJ - News Summed Up

Grocers are struggling to keep up with demand - WSJ


"We don't know how to anticipate for that," said Susan Morris, COO at Albertsons Cos. "You get to a point in time where products are simply not available." Steven Spinner, CEO of distributor United Natural Foods (NYSE:UNFI), further said during an earnings call this week that it has been challenging to meet the rise in demand over the past two weeks. "We have plants running at near capacity," added John Church, chief supply chain officer at General Mills (NYSE:GIS). Conagra Brands (NYSE:CAG) is devoting more of its factory lines to top-selling items, while Campbell Soup (NYSE:CPB) is lining up multiple suppliers for important ingredients. Related tickers: KR, AMZN, WMT, SFM, SVU, SFS, KLAC, WMK, OTCQB:FTXP, NGVC, OTC:PUSH, OTC:QKLS, CASY, VLGEA, IMKTA


Source: Wall Street Journal March 15, 2020 09:45 UTC



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