From Investing.com: 2024-11-23 03:00:00

Robert F. Kennedy Jr.’s potential appointment as the new Secretary of HHS could shake up the US food sector. His anti-“Big Food” stance and proposal to remove chemicals from food supply may pose challenges for packaged food companies. Stricter guidelines on school lunch programs and synthetic food dyes could impact major companies like PepsiCo and General Mills.

Kennedy’s interest in restricting SNAP benefits for sugary drinks could affect the beverage sector. Broader regulatory changes may include healthier eating programs and front-of-pack labeling. His appointment coincides with inflationary pressures on the food supply chain, potential labor shortages, and stricter farm subsidy policies that could raise food prices and alter the competitive landscape.

Media coverage of Kennedy’s health agenda could influence public perception, similar to past debates on GMO labeling. Consumer behavior shifts towards cleaner-label brands could result, but resistance from Trump voters may limit the impact of Kennedy’s initiatives and shorten his tenure at HHS.



Read more at Investing.com: What’s the impact of RFK Jr as new head of HHS on the U.S. Food sector? By Investing.com