{"id":1015803,"date":"2021-11-15T16:14:45","date_gmt":"2021-11-15T21:14:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1015803"},"modified":"2021-11-15T16:14:51","modified_gmt":"2021-11-15T21:14:51","slug":"goya-ceo-says-inflation-is-forcing-company-to-hike-prices","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/goya-ceo-says-inflation-is-forcing-company-to-hike-prices\/","title":{"rendered":"Goya CEO Says Inflation Is Forcing Company To Hike Prices"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgoya-ceo-says-inflation-is-forcing-company-to-hike-prices%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1015803&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Goya CEO Bob Unanue revealed that the food company will hike prices due to inflation.<\/p>\n<p>During an interview with <a href=\"https:\/\/www.foxbusiness.com\/economy\/rising-costs-hit-shoppers-food-makers-goya-ceo-unanue\">Fox Business<\/a>, the executive said that \u201cinflation is here to stay at least for a good while and everybody has these costs.\u201d Unanue also cited supply chain bottlenecks and labor shortages as factors exacerbating the higher price levels \u2014 which are now rising at a 6.2% <a href=\"https:\/\/www.dailywire.com\/news\/breaking-bidenflation-price-increases-soar-to-30-year-high-outpace-economist-predictions\">pace<\/a> for consumers.<\/p>\n<p>Fox Business summarizes:<\/p>\n<p>\u201cWe\u2019re vertically integrated,\u201d he said, noting that his company makes their own cans and bottles. \u201cThe cost of all those packaging materials have gone way up,\u201d Unanue continued.&nbsp;<\/p>\n<p>He noted that the increased cost for raw and packaging materials is a contributing reason as to why prices for some products increased this year\u2026<\/p>\n<p>\u201cWe bring products like coconut water from Thailand [and] from Vietnam and a container with about 1300 cases of coconut water in it used to cost about $1800, $1.40 a case; it\u2019s gone up to $20,000 to get on a container ship if you can,\u201d he noted.&nbsp;<\/p>\n<p>In addition to transportation issues, like many other companies, Goya has been struggling to secure trucks and staff warehouses as well as production facilities\u2026 \u201cWe are running with less people,\u201d Unanue said. \u201cWe are doing more with less.\u201d<\/p>\n<p>Other food companies have likewise been forced to raise prices.<\/p>\n<p>In July, <a href=\"https:\/\/www.dailywire.com\/news\/worlds-largest-food-company-will-raise-prices-amid-inflation\">Nestl\u00e9<\/a> CEO Mark Schneider said that \u201cwhat we\u2019ve seen this year is some kind of a turning point, where after several years of low inflation, all of a sudden it accelerated very strongly.\u201d Though he hoped that inflation would be transitory, the world\u2019s largest food and beverage company hiked prices by 2% to offset cost increases of 4%.<\/p>\n<p>One month later, <a href=\"https:\/\/www.dailywire.com\/news\/tyson-raises-meat-and-poultry-prices-as-inflation-continues\">Tyson Foods<\/a> \u2014 the second-largest meat and poultry producer in America \u2014 also revealed a price increase. In the second quarter of 2021, Tyson raised pork, chicken, and beef prices by 39%, 16%, and 12%, respectively.<\/p>\n<p>During the 2020 election cycle, Unanue drew ire from progressives after he <a href=\"https:\/\/www.dailywire.com\/news\/watch-goya-ceo-wont-cave-to-left-wing-boycott-im-not-apologizing-for-trump-praise\">praised<\/a> President Trump for his economic performance.<\/p>\n<p>\u201cWe\u2019re all truly blessed \u2026 to have a leader like President Trump who is a builder,\u201d he said during an event at the White House. \u201cWe have an incredible builder, and we pray. We pray for our leadership, our president.\u201d<\/p>\n<p>Though Goya faced a boycott as a result, Unanue said that he would not apologize for his comments.&nbsp;<\/p>\n<p>\u201cYou\u2019re allowed to talk good or to praise one president but you\u2019re not allowed \u2014 when I was<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goya CEO Bob Unanue revealed that the food company will hike prices due to inflation.During an interview with Fox Business, the executive said that \u201cinflation is here to stay at least for a good while and everybody has these costs.\u201d Unanue also cited supply chain bottlenecks and labor shortages as factors exacerbating the higher price levels \u2014 which are now rising at a 6.2% pace for consumers.Fox Business summarizes:\u201cWe\u2019re vertically integrated,\u201d he said, noting that his company makes their own cans and bottles. \u201cThe cost of all those packaging materials have gone way up,\u201d Unanue continued.\u00a0He noted that the increased cost for raw and packaging materials is a contributing reason as to why prices for some products increased this year\u2026\u201cWe bring products like coconut water from Thailand [and] from Vietnam and a container with about 1300 cases of coconut water in it used to cost about $1800, $1.40 a case; it\u2019s gone up to $20,000 to get on a container ship if you can,\u201d he noted.\u00a0In addition to transportation issues, like many other companies, Goya has been struggling to secure trucks and staff warehouses as well as production facilities\u2026 \u201cWe are running with less people,\u201d Unanue said. \u201cWe are doing more with less.\u201dOther food companies have likewise been forced to raise prices.In July, Nestl\u00e9 CEO Mark Schneider said that \u201cwhat we\u2019ve seen this year is some kind of a turning point, where after several years of low inflation, all of a sudden it accelerated very strongly.\u201d Though he hoped that inflation would be transitory, the world\u2019s largest food and beverage company hiked prices by 2% to offset cost increases of 4%.One month later, Tyson Foods \u2014 the second-largest meat and poultry producer in America \u2014 also revealed a price increase. In the second quarter of 2021, Tyson raised pork, chicken, and beef prices by 39%, 16%, and 12%, respectively.During the 2020 election cycle, Unanue drew ire from progressives after he praised President Trump for his economic performance.\u201cWe\u2019re all truly blessed \u2026 to have a leader like President Trump who is a builder,\u201d he said during an event at the White House. \u201cWe have an incredible builder, and we pray. We pray for our leadership, our president.\u201dThough Goya faced a boycott as a result, Unanue said that he would not apologize for his comments.\u00a0\u201cYou\u2019re allowed to talk good or to praise one president but you\u2019re not allowed \u2014 when I was called to be part of this commission to aid in economic and educational prosperity, and you make a positive comment, all of the sudden that\u2019s not acceptable,\u201d Unanue continued, who has also worked with President Barack Obama. \u201cEspecially if you\u2019re called by the President of the United States, you\u2019re going to say, \u2018No, I\u2019m sorry, I\u2019m busy, no thank you?\u2019 I didn\u2019t say that to the Obamas and I didn\u2019t say that to President Trump.\u201dThe boycott appeared to backfire after consumers bought out supermarkets\u2019 supplies of Goya products.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1015803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1015803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1015803"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1015803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1015803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1015803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1015803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}