For General Mills, Shortages Lead to Price Increases
Ongoing supply chain issues have created material shortages and rising input costs for General Mills.
Disruptions of materials such as fats, oils, starch, and packaging have made it difficult to keep up with demand for General Mills’ ready-to-bake products, pizzas, and hot snacks.
General Mills resorted to changing its recipes to keep products on shelves. Increased labor, transportation, and raw and packaging materials costs mean that the company will charge customers more for its products.