A wider-than-expected first quarter loss was experienced because of high input costs, inflation and supply and demand imbalances, impacting performance in all units.
September 14, 2023
A wider-than-expected first quarter loss was experienced because of high input costs, inflation and supply and demand imbalances, impacting performance in all units.
In 2021, the American Pet Products Association reported that “pet parents” in the U.S. spent $50 million on pet food and treats. Not surprisingly, Frost and Sullivan predicts that the pet food industry will grow by 6.6% annually until 2026.
The company will be investing in technology-based industries to strengthen its customer-base and establish a strong electrification and automation infrastructure in the country.