Supply chain disruptions are currently a highly frustrating reality for industries across the globe. In fact, an October 2021 quarterly report from CoBank’s Knowledge Exchange relays that supply chains are arguably in the most dire condition since the beginning of the pandemic.
It’s November — the air is crisp, pumpkin-spice offerings are seemingly everywhere, and the Thanksgiving holiday is looming. November is memorable for more than those reasons, however. It is also the month that Dairy Foods publishes its annual State of the Industry report.
It has been quite a year for the dairy industry. Its challenges are many — from ongoing labor and supply chain issues to higher consumer expectations and increased competition from dairy alternatives.
On April 23, 1985, Coca-Cola Co. famously announced that it was trading in its Coca-Cola (aka Coke) soft drink’s nearly century-old secret formula for a new, sweeter one. Certain taste tests had shown that many consumers preferred the sweeter taste of Pepsi, so “New Coke” was the company’s answer to that particular problem.