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03-19-2024 07:07 PM
If I'm paying more for flour and sugar and eggs so that I can bake then I can imagine how much companies like Duncan Hines, Betty Crocker and others are paying for the ingredients that go into their mixes. And how about companies like Little Debbie and Entemann's .... they too either raise their prices or they decrease the size of their products. Same thing for Duncan Hines and Betty Crocker. Seems to me the problem goes a bit deeper than just blaming these companies for shrinking the size of the product....
03-22-2024 01:40 PM - edited 03-22-2024 01:43 PM
I used to have a few favorite recipes using mixes which have been rendered useless due to this ridiculous downsizing.
Manufacturers should raise prices, since downsizing with no corresponding price decrease is a sneaky price increase, anyway. Beyond that disadvantage, inevitably comes the current M.O. adopted by manufacturers/packers: reduce, reduce, reduce, to the new industry standard, then (when everything is so ridiculously small it looks like a sample) offer a "large" size, which is the same as the original used to be. Yes, those Reese's "Big Cups" are as large and deep as Reese's peanut butter cups (excluding the minis) used to be when I was a kid.
A few years back, I even noticed on a supermarket shelf a much smaller-sized cleaning product, with "New Space-Saver Size!" emblazoned on the label. Who do they think they're kidding?
03-22-2024 01:49 PM
@beckyb1012 wrote:
@Catastrophe wrote:I hope everyone knows who has caused shrinkflation. Have you noticed the ice cream cone hasn't shrunk.
Yep!! Good point.
Corporate greed, but nice try.
03-22-2024 02:02 PM
@apl_pi14 wrote:
@beckyb1012 wrote:
@Catastrophe wrote:I hope everyone knows who has caused shrinkflation. Have you noticed the ice cream cone hasn't shrunk.
Yep!! Good point.
Corporate greed, but nice try.
Winning
03-22-2024 07:57 PM
From NPR:
Hitendra Chaturvedi, a professor of supply chain management at Arizona State University's W.P. Carey School of Business, said he has no doubt many companies are struggling with labor shortages and higher raw material costs.
But in some cases, companies' profits — or sales minus the cost of doing business — are also increasing exponentially, and Chaturvedi finds that troubling.
He points to Mondelez International, which took some heat this spring for shrinking the size of its Cadbury Dairy Milk bar in the U.K. without lowering the price. The company's operating income climbed 21% in 2021, but fell 15% in the first quarter as cost pressures grew. By comparison, PepsiCo's operating profit climbed 11% in 2021 and 128% in the first quarter.
"I'm not saying they're profiteering, but it smells like it," Chaturvedi said. "Are we using supply constraints as a weapon to make more money?
03-24-2024 05:00 PM
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