With Costs Going Up, Hershey Looks to Supply Chain and Overseas Markets
February 20th, 2008
In response to rising costs, Hershey Co. is overhauling its supply chain — cutting jobs and outsourcing production of some products — and increasing its marketing efforts in emerging markets abroad. International sales now account for 13% of the company’s sales and are growing at 25% a year. That figure is even more impressive when compared with the annual growth of the U.S. confectionery market: 2% in a good year. Reuters (Feb. 19, 2008)
Tags: chocolate, confectionery, Hershey, inflation, supply chain