Consumers are absorbing higher labor and materials costs in the form of thinner rolls, smaller cans and lighter bags, and experts say such “shrinkflation" will ramp up in the months to come.
Consumers are absorbing higher labor and materials costs in the form of thinner rolls, smaller cans and lighter bags, and experts say such “shrinkflation" will ramp up in the months to come.
Pet food manufacturers may be expanding their production capabilities to help meet growing consumer demand for their products, but they are also helping local communities by creating jobs and strengthening the economy.
âWe know that by making food for the two-thirds of U.S. households with pets, Americaâs pet food makers are also supporting the economy,â Mary Emma Young, senior director of communications and strategic planning for Pet Food Institute (PFI), told PPN. âThese companies support tens of thousands of jobs and stimulate additional economic activity across the supply chain. The added expansions, paired with increased focus on pets during the pandemic, will help strengthen the industryâs economic contributions and job creation.â
The number of pet food manufacturers expanding their production capabilities is increasing at a dizzying rate. Just within the past six months or so, Pet Product News (PPN) has covered more than 10 such storiesâand that number is growing. Like PPN, the Pet Food Institute (PFI) has been keeping a close watch on how and why these manufacturers are expanding their facilities.
âThis growth indicates a strong confidence in the performance of the pet food industry in the United States and as an exporter to countries around the world,â Mary Emma Young, senior director of communications and strategic planning for PFI, told PPN. âWhile the industry has experienced supply chain disruption due to the COVID-19 pandemic, the continued expansion of production capabilities helps position pet food makers to meet future demands.
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