Friday, November 22, 2024

Michele Buck

US-based confectionery giant Hershey remains tight-lipped on potential cocoa-linked pricing beyond this year’s hedging contracts as the commodity continues to trade at record highs.During the discussion of the confectionery and salty snacks maker's first-quarter results, President...
The producers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in cocoa prices, even as inflation-hit consumers curb their purchases and company profits face a hit.Cocoa prices have...

Hershey to streamline operations with automation, job cuts likely

US-based confectionery giant Hershey has announced a restructuring plan that includes reducing its workforce to drive productivity through process automation.The owner of the Reese's...

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