As I understand it, Del Monte made a few mistakes.
The first was related to COVID. Sales of canned goods spiked during COVID. They misinterpreted this as a permanent change and invested accordingly.
Second, they did not find a way to compete with store brands, which are no longer at a quality deficit vs. more expensive name brands like Del Monte.
Finally, they didn't address changes in diet that (as I see it) makes sugary syrupy tree candy not something people want to eat. Carbs are recognized now as seriously unhealthy. Ozempic and related drugs may have also affected this.
True, but carbs are being vilified in the media right now, and have been for a while, so public opinion on them (and especially sugar) is very negative
Really? The only issues arising from fiber that I've heard of is constipation, and that's only if diet suddenly changes and large amounts of fiber are introduced to a digestive system unused to it. AFAIK most people don't even get a tenth of what they should in terms of fiber.
The first was related to COVID. Sales of canned goods spiked during COVID. They misinterpreted this as a permanent change and invested accordingly.
Second, they did not find a way to compete with store brands, which are no longer at a quality deficit vs. more expensive name brands like Del Monte.
Finally, they didn't address changes in diet that (as I see it) makes sugary syrupy tree candy not something people want to eat. Carbs are recognized now as seriously unhealthy. Ozempic and related drugs may have also affected this.