Photo: AFP
The price of Oreos, Sour Patch Kids, and Ritz, will increase next year says CEO Dirk Van Put! According to Today, Van de Put said the company expects to see cost inflation jump 6% next year, due to higher commodity prices and transportation shortages. Keeping retailers well-stocked with product has been difficult, he said, noting that on-shelf inventory is “nowhere near where we would like it to be.” He also said “We, at the moment, are looking at starting off 2022 with a 7% price increase in the U.S.,” What do you think of this price increase?