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Nestlé, Mondelez, Ferrero and Hershey's in the Face of Cocoa Shortages How Do They Face the Halloween Crisis?
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Hershey, Nestlé, Mondelēz and Ferrero report cost increases of up to 20% due to the global shortage of cocoa. According to the International Cocoa Organization (ICCO), the European Union is the main global importer of cocoa, absorbing about 60% of world imports. Poor weather conditions and diseases in West Africa, which supplies more than 70% of world cocoa are part of the consequences of the crisis. Image generated by Merca2.0 The Halloween sea…
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