Oreo Cookies, Ritz Crackers, And Sour Patch Kids Will Cost More Next Year
Oreo Cookies, Ritz Crackers, And Sour Patch Kids Will Cost More Next Year, CEO Says Three popular snacks will be serving up steeper prices next year. Oreo cookies, Ritz crackers,…
NEWPORT BEACH, CA – JULY 11: Andrea Russett Helps Launch Exclusive SOUR PATCH KIDS Collection At IT’SUGAR Fashion Island at Fashion Island Shopping Center on July 11, 2015 in Newport Beach, California. (Photo by Todd Williamson/Getty Images for IT’SUGAR)
Oreo Cookies, Ritz Crackers, And Sour Patch Kids Will Cost More Next Year, CEO Says
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 worldwide 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."
