January 21, 2021
Many consumer product companies are betting that recent changes to our lifestyle as a result of working remotely are here to stay. They believe the pandemic has lasted long enough that habits changed permanently.
Companies are investing in upgrading factories and equipment for people making more coffee at home, dressing casually, trimming beards, eating more at home, etc.
Conagra Brands, Inc., maker of Healthy Choice, Marie Callender’s and other frozen meals is ramping capacity. They are also revising lines to speed up production of Orville Redenbacher and Act II popcorn. After all, aren’t we streaming movies since we don’t go to a theater?
Campbell Soup Co. is expanding its capacity to produce more Pepperidge Farm Goldfish crackers, Kettle chips and Cape Cod chips.
As many of us know, toilet paper at the office is a much lower quality than what we use at home. Apparently, the equipment used to manufacture office paper products is different from those used for consumer products. In order to ramp up for the higher quality TP, Kimberly-Clark is making a major investment in equipment to produce consumer quality toilet paper.
Kraft-Heinz Co., maker of Kraft Mac & Cheese cups, Oscar Mayer cold cuts and Philadelphia cream cheese are adapting their production to produce more at-home lunches.
General Mills is expanding its manufacturing to produce more Cinnamon Toast Crunch cereal.
Proctor & Gamble is expanding their line of beard-care products and Gillette razors.
Alternately, Georgia Pacific LLC makes Brawny paper towels, Charmin and Quilted Northern toilet paper. They don’t have plans to substantially increase their capacity.
J.M. Smucker Co. anticipates more people working at home going forward. They are putting to use idle machinery and retrofitting others to make different variety and sizes of Folgers and Dunkin’ coffee.
We suspect some corporations are adapting a wait and see approach but it is reasonable to assume that if post-pandemic, people continue to spend more time at home, more products will be introduced to the marketplace to support this lifestyle.
Financial Connections makes its staff available to journalists to share knowledge.
READ MORENo Hidden Costs. No Referral Fees. No Commissions.
As a fiduciary, we put our clients' interests first. Our compensation comes exclusively from you. If we don't directly provide a particular service, we can serve as a resource for referrals to other professionals.
Download the fee schedule Download Disclosure Form ADV Parts 2 & 3You are leaving www.FinancialConnections.com and will be automatically redirected to the link you clicked.
Changed your mind? Go back to www.FinancialConnections.com
You are now leaving the "Financial Connections" Website and will be entering the Charles Schwab & Co., Inc. ("Schwab") Website.
Schwab is a registered broker-dealer, and is not affiliated with "Financial Connections Group, Inc." or any advisor(s) whose name(s) appears on this Website. "Financial Connections Group, Inc." is/are independently owned and operated. Schwab neither endorses nor recommends Financial Connections, unless you have been referred to us through the Schwab Advisor Network®. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with "Financial Connections Group, Inc." under which Schwab provides “Financial Connections Group, Inc.” with services related to your account. Schwab does not review the "Financial Connections Group, Inc." Website(s), and makes no representation regarding the content of the Website(s). The information contained in the "Financial Connections Group, Inc." Website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |