Keeping retailers well-stocked with product has been difficult, the company’s CEO said, noting that on-shelf inventory is “nowhere near where we would like it to be.”
He noted that these issues are global, but are particularly pronounced in the U.S.
“The average consumer around the world spends 15% more time at home than before,” he said. “It happens that these categories, biscuits and chocolate, are also something that is more consumed at home.”
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