Christina Sarich via Natural Society:
The public doesn’t trust manufacturers like Kellogg’s and Kraft anymore. Earnings are falling, and dozens of Big Food companies’ stocks are down. One of the biggest food companies in the world, ConAgra, is even slashing its 2015 earnings projections. Is Big Food really over?
ConAgra is changing management – is it because their 2015 earnings projections are way are down and stocks took a plunge recently? The food giant owns brands like Hunts, Swiss Miss, as well as Chef Boyardee, among others. Do people really want to eat cancer-causing chemicals in a can anymore?
Kraft, the maker of Oscar Mayer deli meats, Jell-O, Maxwell House coffee, and Velveeta cheese also recently shook up top management and reported sluggish sales. Big Food company, Kellogg’s, has seen its sales plunge 5.4 percent over the past year.
Campbell’s Soup CEO has said:
“There’s a mounting distrust of so-called Big Food, the large food companies and legacy brands on which millions of consumers have relied on for so long.”
Do Americans finally realize what Yale medical researchers David Katz and Samuel Meller declared in a paper in 2013, that a “diet of minimally processed foods close to nature, predominantly plants, is decisively associated with health promotion and disease prevention.”