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Snack Companies

All articles tagged with #snack companies

politics1 year ago•1 min saved

"Biden Targets Corporate Practices Amid Approval Rating Concerns"

President Biden called out snack companies for "shrinkflation," urging them to stop reducing product sizes while maintaining prices. Former presidential candidate Andrew Yang noted that this message resonates with consumers but questioned whether it will prompt corporate change. The White House is emphasizing this issue as consumer prices rise, with the administration seeking to connect with independent voters ahead of the upcoming election.

via CNBC|

#andrew-yang #consumer-prices #joe-biden

politics1 year ago•2 min saved

"President Biden Takes Aim at Shrinkflation in Super Bowl Snack Industry"

President Joe Biden called on snack companies to stop "shrinkflation" ahead of the Super Bowl, highlighting the practice of offering less product without reducing prices. Despite positive economic indicators, a majority of Americans feel that Biden's policies have worsened economic conditions. A report found household items decreased in size while prices rose, and Biden urged companies to address this issue. With the 2024 elections approaching, the economy remains a top concern for voters, with opinions heavily influenced by party affiliation.

via CNN|

#2024-election #inflation #joe-biden

politicseconomy1 year ago•2 min saved

"Addressing Shrinkflation: Biden's Call for Snack Companies to Stop Downsizing"

President Joe Biden called on snack companies to stop shrinkflation, where product sizes are reduced while prices remain the same, ahead of the Super Bowl. He criticized the practice as a "rip-off" and urged companies to do the right thing. While not offering specific solutions, Biden's call comes amid concerns about inflation, with a recent report showing the impact of smaller product sizes on prices. Senator Bob Casey has also sought answers from trade associations about pricing strategies and shrinkflation's effects on customers.

via Reuters|

#inflation #joe-biden #politicseconomy