Big Law
Oreos, Sour Patch Kids, and Other Snacks Will Raise Their Prices Due to Supply Chain Issues
Supply chain problems are making it harder to get so many products and making them more expensive — everything from books to toys to glass bottles. Look out: Our beloved snacks are next.
Mondelēz International, the company behind snacks including Oreos and Sour Patch Kids, announced in a call with investors that U.S. customers can expect prices for their products — including Chips Ahoy! cookies, Ritz crackers and Toblerone chocolate — to increase by 6-7% beginning in the new year.
Transportation costs and “industrywide supply chain constraints” are some of the factors responsible for the spike in pricing, Chief Financial Officer Luca Zaramella, said on the call Tuesday.
