GOLDEN VALLEY, Minn. (FOX 9) – Supply chain issues are forcing General Mills to get creative with recipes.
During a conference call, as the Twin Cities snack and cereal maker released its quarterly results, company executives admitted they were facing supply chain strain as the war in Ukraine poses a slew of new supply chain issues.
In February, prior to the earnings report, General Mills said it was facing supply chain shortages that were affecting its chilled dough, pizza and hot snack products.
On Wednesday, Jon Nudi, General Mills head of US retail and distribution, said the company was taking steps to combat the shortages.
“At the senior level, we’re on the phone with the suppliers at the senior level to make sure we’re prioritized on ingredients,” said Hudi. “We have adjusted formulations and reformulated some of our products over 20 times since the beginning of the year. Every time you make an ingredient change, you have to change the formulation, which of course means a lot of work. “
While the company appears confident that it will continue to maintain supply, its filings acknowledge that it faces inflationary risks due to global product shortages.