Mondelez CEO: Price Hikes Will Last into 2022

The transcript discusses various economic and business challenges, including consumer behavior in response to price increases, supply chain disruptions, labor market dynamics, and the impact of COVID-19 on business operations. It also covers strategies for decarbonization, emphasizing the importance of working with farmers and transitioning to renewable energy. The discussion highlights the need for flexibility in the workplace and the ongoing challenges posed by the pandemic.

What has been the consumer response to price increases according to the transcript?

• Consumers are showing low elasticity and adjusting spending.

• Consumers are spending more on travel.

• Consumers are unaffected by price changes.

• Consumers are cutting back on essential items.

How long are the current price rises expected to last?

• They will last indefinitely.

• Into the next year and possibly beyond.

• Only for the next few months.

• They are expected to decrease soon.

What is one of the challenges mentioned in the supply chain?

• Too many suppliers.

• Decreasing demand for products.

• Excessive inventory levels.

• Global supply chain disruptions causing shortages.

What is one reason for the increased leverage of workers?

• Workers are working fewer hours.

• Workers are less skilled.

• Workers are demanding more flexibility.

• Workers have fewer job options.

How is the company managing the Delta variant and vaccine mandates?

• By ignoring vaccine mandates.

• By heavily advocating for vaccines and considering mandates.

• By enforcing strict lockdowns.

• By reducing work hours.

What is the company's approach to work-life balance post-pandemic?

• Ignoring employee preferences.

• Allowing complete remote work indefinitely.

• Enforcing a strict return to office policy.

• Trying to be flexible while valuing team collaboration.

What is the company's top priority for decarbonization?

• Reducing office energy consumption.

• Expanding office spaces.

• Working with farmers to prevent deforestation.

• Increasing business travel.