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Addressing cost and supply chain amid inflation with Campbell Soup CEO

Mark Clouse, Campbell Soup CEO, joined Yahoo Finance Live on June 8, 2022 to discuss cost, supply chain and resiliency amid inflation for Campbell’s Soup.

Video Transcript

[MUSIC PLAYING]

BRIAN SOZZI: Did I hear this right on the call, you are now looking at a third wave of price increases?

MARK CLOUSE: Yes, it's true. So we're through two waves that are in market already. We announced the third wave in April and have been working closely with our retail partners on that. We want to make sure we're using the full tool bag to try to address costs. So it's not all about pricing. I think it's very important and we remain very mindful of protecting value for consumers.

And so things like productivity are really important. And I think perhaps the thing I'm most excited about in the third quarter was the response of our supply chain and the continued improvement in our execution and performance. Because that gives us a platform to continue to work on productivity and identify ways that we can drive savings so that we're not entirely dependent on pricing. And I think that balance is something that going forward, although we're expecting to see headwinds as far as inflation, I think we'll be able to utilize a variety of different levers to address it.