I’m so old, I remember when our technocratic elite said it would be just 15 days to flatten the curve. And here we are 2 1/2 years later, and that temporary and transitory inflation is looking permanent.
The company’s margins shrank as it faced higher freight and commodity costs during the quarter. CEO Ramon Laguarta said in prepared remarks that Pepsi is accelerating its cost management initiatives and using “mix and assortment solutions,” like smaller sizes for its variety packs. Johnston said the company may sometimes choose to reduce the number of chips in a bag rather than hike prices.
We appear to have among the worst elected leadership in history at the moment.