Supply Chain Woes Hit the Pet Food Business

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.

He noted that the company has “since solved this issue” but that it “nonetheless caused a temporary decrease in production.”

Read more at MarketWatch.