From Fortune Magazine:

Swiss chocolate manufacturer Lindt Langhaar achieved record sales growth in 2023, despite ongoing supply chain issues. However, this success has come with higher costs for customers, reigniting a debate over corporate ‘greedflation’ tactics. Rising cocoa prices have impacted the entire industry, with other companies raising prices by up to 67%. Lindt also expects further profit increases in 2024, despite price rises.

Various factors, including COVID-19 and Russia’s Ukraine invasion, have led to higher energy and grain costs, which have created supply chain disruptions and historical inflation. The exact reasons companies have raised prices are under scrutiny, with one study showing a 30% rise in profits compared to 11% inflation, and companies passing on price rises while blaming other factors like COVID-19 and the Ukraine invasion. There are also disputes between suppliers and retailers such as PepsiCo and Carrefour.



Read more: Swiss chocolate maker hits record sales with ‘greedflation’ tactics