Hershey says it won't be able to meet Halloween demand this year [View all]
Source: CNN Business
Hershey says it won't be able to meet Halloween demand this year
By Danielle Wiener-Bronner, CNN Business
Updated 1813 GMT (0213 HKT) July 28, 2022
New York (CNN Business) — Bad news for Halloween enthusiasts. This year, you might be out of luck in the candy aisle.
"We will not be able to fully meet consumer demand," for the October holiday, warned Hershey CEO Michele Buck in prepared remarks about the company's second-quarter results Thursday.
The problem? Consumers are demanding more regular and Halloween-themed candy than Hershey can make, at least right now.
Many consumer goods manufacturers have been struggling to meet surging demand for their products during the pandemic, especially with the ongoing supply chain issues. That's meant that they've had to reduce production of certain less popular items or, as in the case of the late, great Choco Taco, cut them altogether.
Hershey is in the same boat.
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Read more: https://edition.cnn.com/2022/07/28/business/hershey-halloween/index.html
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