Food makers, feeling squeezed, pull the plug on slow-selling products

Published by
Reuters UK

By Jessica DiNapoli and Richa Naidu BOCA RATON, Florida/LONDON(Reuters) – Major consumer companies including Kraft Heinz Co and Conagra Brands Inc are culling product lines to combat sky-high costs and falling consumer demand, their executives said this week. Many companies started slimming their offerings during the pandemic and are aggressively renewing those efforts, eliminating less-popular items to focus on products on which they can more easily raise prices amid prolonged inflation on food items. Executives at Nestle SA and Unilever Plc said they have seen billions in savings after ditch…

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