The companies said the sale of Dole's Vegetables division to Chiquita will help solve labor and inflation-related issues, increase innovation and create even stronger food safety programs.
Of shoppers who are concerned about rising food prices, only 32% reported in February that they are buying fewer items as a strategy to address rising prices, down from 41% in October.
Wing sales at grocery deli/prepared had already been growing, thanks to Americans’ busy schedules and pandemic-related trends in the direction of convenience and prepared foods. Then came inflation, which made demand jump even more.
Inflation will carry over into 2023, and “it’s anybody’s guess” when it stops and allows Sensient Technologies Corp. to moderate its price increases, said Paul Manning, president and chief executive officer.