Three popular snacks will be serving up steeper prices next year.
Oreo cookies, Ritz crackers, and Sour Patch Kids will soon be more expensive, according to Mondelez CEO Dirk Van de Put.
He told CNBC,
“We, at the moment, are looking at starting off 2022 with a 7% price increase in the U.S.”
Van de Put said supply chain issues are to blame. Keeping retailers well-stocked with products has been difficult, he added, noting that on-shelf inventory is “nowhere near where we would like it to be.”
Supply chain issues, resulting from COVID-19 lockdowns, vacinne mandates, and the resulting employee shortages are expected to continue for months according to the White House. The United States is also suffering from historic inflation.
