Raw material fluctuations
Demand in some areas has increased too quickly, resulting in raw material shortages that in turn create price fluctuations and shortages.
With certain operational segments seeing an increase in competition, the pressure to discount prices also increases.
Changing consumer demands
Across geographies and generations, nutritional demands are changing. This means increasing R&D activity to offer new products to meet evolving needs.
Exchange rate fluctuations and a slow increase in export and import activity after the pandemic may be impacting profits.
Changing government regulations
Changing government safety and sanitization measures is a huge undertaking and cost to accommodate.