The food industry encompasses all businesses and activities involved in the production, processing, distribution, and sale of food products. This sector includes a wide range of participants, such as farmers who grow crops and raise livestock, manufacturers who process raw ingredients into consumable goods, distributors and wholesalers who transport food products, and retailers like supermarkets and restaurants where consumers purchase and consume food. The food industry plays a crucial role in the economy and public health, influencing food safety, quality, and nutritional standards. It also addresses consumer demand, trends in dietary preferences, and the impact of food production on the environment. Overall, the food industry is integral to sustaining population health and economic stability by ensuring a reliable supply of food.
Consumer packaged goods (CPG) stocks, including Mondelez International, are experiencing unexpected challenges and declines. GLP-1 weight loss drugs are reducing consumer cravings for junk food, posing a significant threat to…