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Supply Chain Woes Hit the Pet Food Business

Freshpet and Chewy have recently commented on the woes.

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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.

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