Fresh Del Monte Announces Price Increases in Response to Inflationary Market
27 Outubro 2021 - 5:30PM
Business Wire
As Cost Pressures Across Supply Chain Show No
Signs of Easing
Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world’s
largest leading vertically integrated producers, marketers, and
distributors of high-quality, fresh produce, announced to customers
it is raising prices on bananas (including organics and plantains),
pineapples and fresh-cut fruit effective November 1, 2021. The move
comes in response to unprecedented market conditions and
inflationary pressures being felt across all industries, affecting
Fresh Del Monte particularly as it relates to production and supply
chain.
“Despite our efforts to mitigate these increasing costs within
our supply chain, they are simply too great to absorb. The
unparalleled costs have been persistent and show no signs of
regulating,” said Mohammad Abu-Ghazaleh, Fresh Del Monte Chairman
and Chief Executive Officer. “After thoughtful consideration, it is
necessary to implement inflation-justified price increases in an
effort to maintain our continuous supply and service levels. We
understand that these pressures are not unique to our business and
therefore are working collaboratively to mitigate these pressures –
within our supply chain and with our business partner
relationships.”
As the company makes the near-term decision to increase prices
on its products, Fresh Del Monte is continuing to proactively work
on its long-term growth strategy focused on innovation, efficiency,
and further leveraging its vertical integration to boost
productivity and further strengthen the company’s position.
Fresh Del Monte markets and distributes its products to retail
stores, foodservice operators, wholesalers, and distributors.
ABOUT FRESH DEL MONTE
Fresh Del Monte Produce Inc. is one of the world’s leading
vertically integrated producers, marketers, and distributors of
high-quality fresh and fresh-cut fruit and vegetables, as well as a
leading producer and distributor of prepared food in Europe,
Africa, and the Middle East. Fresh Del Monte markets its products
worldwide under the DEL MONTE® brand (under license from Del Monte
Foods, Inc.), a symbol of product innovation, quality, freshness,
and reliability for over 135 years. The Company also markets its
products under the MANN™ brand and other related trademarks. Fresh
Del Monte Produce Inc. is not affiliated with certain other Del
Monte companies around the world, including Del Monte Foods, Inc.,
the U.S. subsidiary of Del Monte Pacific Limited, Del Monte Canada,
or Del Monte Asia Pte. Ltd. Fresh Del Monte is the first global
marketer of fruits and vegetables to commit to the “Science Based
Targets” initiative. Fresh Del Monte Produce is traded on the NYSE
under the symbol FDP.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211027006058/en/
Claudia Pou Sr. Director, Global Communications and Content
Strategy communications@freshdelmonte.com
Fresh Del Monte Produce (NYSE:FDP)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Fresh Del Monte Produce (NYSE:FDP)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024