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Europe Is Holding Mondelez Back by the Heat and the Fall in Consumption, but the Cocoa Market Is Starting to Give Way
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The Mondelez food company faces short-term challenges, given that Europe has been affected by changes in demand caused by the summer heat wave, and retail price reductions, increasing elasticity and in turn the price dynamics of competition, all of which, while the US consumer is still under pressure. In this sense, cocoa inflation has been an obstacle to profits recently, although with an improvement in the prospects for cocoa supply and demand…
Climate change makes heat waves in Europe not only more frequent and hotter, but also more unpredictable.
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