Watch out, New Jersey! Your little goblin may be getting bags of pennies from your neighbors when they trick or treat this October 31st.
Hershey, the big candy maker, issued a warning this week that a possible candy shortage could affect your Halloween pick-ups. The big concern is the shortage of raw ingredients, which will cause a major confectionery capacity problem.
The shortage is the result of the pandemic and the war in Ukraine where restrictions have been placed on imports of Russian gas and oil, particularly hurting German imports of supplies that will not reach Pennsylvania and the fifth most big candy in the world. maker.
According to a Washington Post articlesweets saw an 11% increase in market share in 2021, with an incredible $37 billion in confectionery revenue.
The increase in candy sales across the board, coupled with the lack of supply from Europe, has put a strain on the shelves now selling candy. Candy makers are in “all hands on deck” mode to keep shelves stocked a full three months before Halloween.
Hersey and Mars’ fear of Halloween is very real. Not only is there a problem in Europe, but here in the United States there is a shortage of milk which will add to the problems the candy makers are trying to avoid. The milk shortage is the result of one of the Borden Dairies production facilities permanently closing in Chicago. Borden Dairies has one of the largest milk production plants in the country. This shutdown in Chicago will primarily affect retailers in Illinois and Wisconsin, but these retailers are dispersing to get dairy shipments outside of their states to maintain demand, which will put additional pressure on the domestic market.
In total, we have three months to see how it goes. Hopefully it will be a happy Halloween with lots of candy for your little sweethearts and you too!
The above post reflects the thoughts and observations of New Jersey 101.5 weekend host Big Joe Henry. All opinions expressed are those of Big Joe.
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