Kellogg, Common Mills, Submit cereal gross sales gradual after pandemic surge

Kellogg, the 117-year-old model that began as a breakfast cereal firm has since expanded to be one of many largest meals firms on the planet, has seen declining cereal gross sales over the previous couple of a long time.

The one-time class chief is now going through quite a few setbacks, together with quite a few lawsuits over its merchandise’ dietary worth amid a extra health-conscious shopper base. And in 2021, the meals big sustained a harmful hearth at its Memphis facility, and later that very same 12 months 1,400 staff went on strike to demand higher pay and enhanced advantages. Employees finally ended the three-month strike and agreed to a brand new contract in December, which included a $1.10 per hour elevate for all workers.

In an effort to stimulate progress, on June 21, 2022, the corporate introduced plans to separate into three separate firms.

“Proper now’s the opportune time to do that. We’re coming from a place of actual energy and nice momentum. We’ve got utterly turned the enterprise round from a top-line and bottom-line perspective. And we see the following step in our potential in unlocking three new firms,” mentioned Kellogg CEO Steve Cahillane.

Watch the video to be taught extra about Kellogg’s transfer to separate the corporate with a view to attempt to kickstart cereal gross sales and regain a few of its bygone glory.