Supply chain issues are now haunting the candy aisle.
, executives from Hershey—the maker of classic favorites like Reese's, Jolly Ranchers, and Kit Kat—announced that various supply chain issues have haunted their operations this year, causing the production of more seasonal items to be neglected. This means that come time for Halloween there could be a shortage of Hershey candy at grocery stores.The company explained that the war in Ukraine has made raw ingredients such as edible oil, cocoa, and other candy-making essentials harder to secure.
Hershey Chief Financial Officer Steve Voskuil explained in the call that"it's definitely all hands on deck" to get production back on track and put as much Halloween candy as possible into consumers' hands and avoid a shortage. To get all the latest grocery store news delivered right to your email inbox every day, sign up for our newsletter!
Even with this minor setback, the chocolate manufacturer's CEO Michele Buck assured shoppers that Hershey's 2022 sales will be stronger than last year's thanks to a strong performance in the first half of the year combined with boosted prices and projections for continually high demand in the coming months give credibility to the company's confidence.
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