State of the Snack Food Industry & Outlook
The US snack foods industry continues to evolve at a rapid pace. With consumers snacking more frequently, leaning towards a plant-forward diet, and adopting a healthy indulgence mindset, snack food manufacturers have shifted their corporate strategies to take advantage of these changing trends. Kellogg’s announcement of the company splitting into 3 segments (i.e., snacking, cereal, and plant-based) and Mondelez’s acquisition announcement of Clif Bar are some current examples of how these forces are impacting the industry.
What can we expect in the 2nd half of 2022 and beyond? What specific snacking categories (e.g., bakery, confectionary, salty, functional, better for you, etc.) will likely define the industry in the months and years to come? What can we glean from the recent announcements from Kellogg’s and Mondelez, and what future transactions can we expect from other major players?
These are just some of the questions that will be addressed in this webinar, sponsored by City National Bank an RBC Company. Nik Modi, Managing Director with RBC Capital Markets, and Shahe Kassardjian, Managing Director with City National Bank's Food & Beverage Group, will be providing their insights in this Food Institute-exclusive State of the Snack Food Industry & Outlook webinar.
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Sponsored By:
City National Bank an RBC Company
City National's Food & Beverage group combines financial expertise with an insider's understanding of opportunities, challenges and trends. We get in the fields, the manufacturing plants and the warehouses to discover what our clients face, day in and day out. Because we're more than transactions — we get out from behind the desk and into our clients' world. From processing and manufacturing to production and distribution, we'll provide you with the solutions and advice you need to achieve your strategic financial objectives. For more information, visit www.cnb.com/foodandbeverage.
Nik has consistently been ranked as one of the top analysts across the consumer space by Institutional Investor's All Star Analyst Survey. He has also been top rated across various analyst polls, including the Wall Street Journal, Fortune and Forbes.
Mr. Kassardjian has more than twenty years of financial services experience and has covered the food and beverage industry for over fifteen years. Prior to joining City National, he served as a senior vice president with GE Capital’s Food & Beverage Group.
Mr. Kassardjian earned his bachelor’s degree in Economics from California State University, Fullerton. Active in the community, he volunteers with the Second Harvest Food Bank of Orange County. He lives in Santa Ana, California, with his wife, Amy, and their two boys.
