Conagra's margins bounce back, boosting innovation

Author

Stephen Babcock
April 06, 2023

During this period of high inflation, CPGs are striking a balance between pricing, volumes, elasticities and profit margins. Over the last two quarters, Conagra Brands posted margin recovery. In turn, the Slim Jim maker is putting those gains toward advancing innovation. It’s a look at the path forward from inflation and back to sustainable growth.

A major ecommerce carrier is consolidating operations, effective in June 2024. FedEx will combine its Express and Ground delivery units. The structure is designed to help FedEx better compete with Amazon and UPS, the latter of which has a similar streamlined structure. – Reuters

The latest edition of thredUP’s resale report shows continued growth of the secondhand market, with ecommerce leading the way at an annual expansion of 20% over the next five years. Gen Z is driving the gains, as two in five items in the generation’s closet are secondhand items.

Backed by QVC owner Qurate Retail Group, sune aims to provide a video-based, discovery powered shopping experience. At a time when the debate over TikTok and livestreaming is becoming increasingly fraught, the beta launch shows a new entrant sees consumer demand for social commerce. 

When it comes to product innovation, Easter puts the hop in confectionery brands’ step. According to the Mintel Global New Products Database, Easter is far ahead of full-year trends when it comes to chocolate launches, accounting for 41% of all seasonal debuts. The demand is there, as two in five Americans buy Easter candy, second only to Valentine’s Day. – Candy Today

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