The Kennedy Effect on Food
It’s been just over two weeks since Robert F. Kennedy Jr. took the helm at the Department of Health and Human Services (HHS), and already some companies are adopting policy recommendations aligned with the MAHA agenda.
In what might be the biggest shift yet, the CEO of Chicago-based Mondelez International, Dirk van de Put, announced the food conglomerate would begin to use European recipes for its U.S. based products. Mondelez is one of the largest snack companies in the world,producing popular brands such as Clif, Triscuit and Ritz, Philly Cream Cheese, and OREO. Also in the company’s portfolio: healthier snacks such as Hu chocolate and Perfect Snacks.
According to a report in Reuters, because Mondelez does business in both the U.S. and Europe, van de Put said it would be “relatively straightforward” for it to adapt its recipes.
“It’s work that needs to be done,” said the CEO, but he also stated that such work would also result in cost increases for consumers. It’s not an easy time to raise prices, Van de Put acknowledged, “so I do expect it will take us a few years to work our way through this.”
Recipe changes won’t be the only reason for price hikes. An increase in the cost of eggs, cocoa, and coffee will also cause inflation at grocery stores. Van de Put expects chocolate to be 30% to 50% more expensive than it used to be
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
