Barry Callebaut , the world's biggest chocolate maker, on Wednesday appointed Peter Feld as its new chief executive after reporting a decline in first half sales volumes.
KitKat bars, said sales volumes in its first half of fiscal 2022/2023 fell 2.9% to 1.130 million tonnes.
Barry Callebaut's volumes have been hit by growing inflationary pressures dampening demand for chocolate and the limited availability of its global brands. Lower volumes led the chocolate maker to update its 2023 guidance. The company now forecasts volume growth to be "flat to modest," according to its CFO Ben De Schryver.
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