American candy-maker The Hershey Company warned on Thursday that it would fail to have enough candy come Halloween and Christmas time due to a variety of supply-chain issues and labor shortages plaguing the industry.
Hershey Chief Executive Officer Michele Buck told Reuters that the coming shortage will be caused in part by the Russian-Ukraine war impacting cocoa, edible oil, and other ingredients, while other issues stemming from the economic disruption during COVID are also to blame.
Still, Hershey’s said that sales for 2022 will top last year, despite not being able to meet demand during the busy holiday season. A recent analysis found that Hershey’s raised the prices of its various bars by a weighted average of 14%.
“Management says that the incremental pricing is in response to