Revenue from the U.S. grain-based snack and bakery industry accounts for over $100 billion in annual retail sales, and a significant portion of that total comes from the top 50 companies, ranked according to annual revenue. These companies represent the core of the industry, and many have seen notable—and mostly positive—impact from the ongoing COVID-19 pandemic.
In its 2019 letter to shareholders, Nestlé leadership related that it has begun to transition its pizza business from a frozen direct-store-delivery network to a warehouse distribution model as part of our structural cost savings program. “This change will leverage the highly efficient warehouse network that is already used for frozen meals and snacks,” notes the report. “Leveraging a simpler route to market unlocks resources we can use to fuel our efforts in demand generation, such as product innovation and brand building. This is a key step to support Nestlé’s profitable growth.”