News & Events

Kraft Heinz talks with Amazon, Walmart daily to speed food deliveries – Source Reuters Tech News

LONDON (Reuters) – Kraft Heinz (KHC.O) speaks daily with (AMZN.O) and Walmart Inc (WMT.N), hoping to speed up deliveries as customers worldwide stay home and shop online to protect themselves from the COVID-19 pandemic, Kraft Heinz’s CEO said on Friday.

FILE PHOTO: Small toy figures are seen in front of diplayed Amazon logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

Kraft Heinz, which makes packaged food products from Planters peanuts to Heinz Ketchup, is among several major food companies that has increased production to help retailers respond to panic-buying of staple goods like canned food, toilet paper and cleaning products.

“Amazon and Walmart and the others have faced a huge increase in demand. I think the bottle-neck is being able to deliver to people’s homes, not production,” Kraft Heinz Chief Executive Miguel Patricio said in an interview on Friday.

“Penetration has increased for them (Amazon), more people…

Read More…

Source Reuters Tech News

Source link