Mondelēz CEO Warns Iran War May Further Reduce Consumer Confidence
Mondelēz International's CEO, Dirk Van de Put, warned that the ongoing war in Iran could further erode already-weak consumer confidence, particularly in the U.S. He noted that high oil prices and economic uncertainty are making consumers more selective in their spending, especially in the snacking category. The CEO highlighted that lower-income consumers are prioritizing affordability and shifting their purchasing behavior to value retailers and online platforms.
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Topics: consumer confidence geopolitical events inflation Iran war Mondelēz International snacking industry