Petfood manufacturer NestlÃ© reported more than a 20 percent increase in sales its pet care segment for the first nine months of 2012.
In the Americas, pet care maintained positive growth, with good performances in the cat category from Friskies and Fancy Feast, as well as the Beneful line for dogs. The pet care segment's growth helped the company achieve overall sales in the Americas of CHF20.9 billion (US$31.1 billion), with organic growth of 5.5 percent.
As a whole, for the first nine months of 2012, NestlÃ© reported 6.1 percent organic growth and 2.9 percent real internal growth, with sales up 11 percent to CHF67.6 billion (US$72.5 billion). The company expects organic growth of 5 percent to 6 percent for the full year.
Still in its infancy, cell-cultured meat is being looked at for its possibilities, but environmental challenges exist, as well.
By David Sprinkle
While forecasts can have short shelf lives, being overtaken by unforeseen events, there’s no question that the U.S. economy and American houseeholds have been buffeted by COVID-19 shutdowns and illnesses, patches of job insecurity despite low unemployment rates and record price inflation only partially offset by wage increases.