Reported about 9 hours ago
The packaged food industry is grappling with multiple challenges as it heads into 2025. Lawmakers, including Senator Elizabeth Warren, are criticizing companies for reducing package sizes to maintain profits amid persistent inflation. Many consumers are cutting back on purchases of snacks and frozen meals due to financial constraints, while the emergence of weight-loss drugs like Ozempic is affecting overall demand. Brian Sozzi from Yahoo Finance discusses these issues with Bank of America analyst Peter Galbo, who provides insights into the future of packaged food investments amidst this tumultuous landscape.
Source: YAHOO