date:May 04, 2014
A sluggish consumer environment in 2013 for the packaged foods business has bled into 2014 and is likely to continue for the near term, said W. Anthony Vernon, chief executive officer, Kraft Foods Inc.
Mr. Vernon offered an update on Kraft and the food business overall in a May 1 conference call in connection with first-quarter financial results.
We expected to see some of the same headwinds that impacted the North American food and beverage market in 2013 continue as we enter 2014, and what w