The Business of Food

Markets

Campbell's Soup says rising inflation impacted third-quarter profits

Campbell's Soup, known for its soups, pasta sauces and snacks from brands like Pepperidge Farms and Prego, saw increased demand during the early days of the pandemic, however, sales of snacks fell 8% in the third quarter while sales of its soups and jarred pasta sauces dropped 14%, Campbell’s reported for its third-quarter earnings.

Lifestyle

Instacart enlisting robots to cut labor costs

Instacart, the San Francisco-based grocery delivery and pick-up company, is reportedly exploring new technology to enlist robots for its in-store grocery shopping to replace some of its gig workers in a move to cut costs.