The supply chain slowdown is causing problems for the pet food industry — and its customers.
MarketWatch reports that both Chewy Inc. and Freshpet Inc. have recently commented on the woes.
Chewy executives said the supply shortages have been a drag on sales.
“Shortages of wet dog food persisted, while out-of-stock levels in areas like third-party and proprietary branded hardgoods also increased,” said Mario Marte, the company’s chief financial officer, in discussing third-quarter earning,
Pet food maker Freshpet warned that its revenue for the year will likely be lower than previously anticipated.
“Supply-chain issues continue to cause new challenges for our business, this time with parts supplies for key packaging components,” said Freshpet CEO Billy Cyr.
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He noted that the company has “since solved this issue” but that it “nonetheless caused a temporary decrease in production.”
Read more at MarketWatch.
