Americans are snacking less — and that’s a problem for the packaged food industry.
Why it matters: After years of inflation, consumers are recoiling, fed up with food price increases and suddenly immersed in economic uncertainty.
Driving the news: General Mills on Wednesday became the latest food giant to sound the alarm about what CEO Jeff Harmening called a “slowdown in snacking.”
Good, packaged snacks like this probably need to be a thing we increasingly cut out (in much higher percents than this.)