Mondelez, PepsiCo profits hit as Russia invasion of Ukraine hinders production, sales
Published on: Wednesday 27 April 2022
Russia’s ongoing invasion of Ukraine is taking a toll on major CPG companies, including PepisCo and Mondelez, both of which reported a hit to annual profits yesterday due to restricted production and sales in the countries and surrounding area as well as higher input costs and supply-chain struggles exacerbated by the war.
