Campbell Soup is increasing production to prepare for coronavirus demand

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Campbell Soup is increasing production to prepare for coronavirus demand
Published Wed, Mar 4 20205:16 PM ESTUpdated Fri, Mar 6 20201:24 PM EST
Amelia Lucas

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    Campbell Soup is increasing production in certain areas to address demand for its soup amid the coronavirus outbreak.

    Consumers have been stockpiling canned soup and other shelf-stable foods as more cases of the disease are reported in the U.S., according to market research firms.

    Campbell’s noticed an uptick in demand from both online and brick-and-mortar retailers over the weekend.

Campbell Soup CEO Mark Clouse said Wednesday that the company is increasing soup production in response to the coronavirus outbreak.

“We made the decision last week to up production in certain areas where we’re using a little bit the analogy of weather or natural disasters,” Clouse said on CNBC’s “Closing Bell.” “Where do we see demand coming in a greater rate? And we’ve upped that level of production to be able to maximize our inventory to be prepared for whatever unfolds here.”

Consumers, particularly those closest to virus clusters, have been stockpiling canned soup and other shelf-stable foods as more cases of the disease are reported in the U.S. Hand sanitizer and cleaning supplies have also seen their sales surge, presenting a problem for grocery stores and other retailers, who may be unprepared by the sudden swing in demand.

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https://www.cnbc.com/2020/03/04/campbell-soup-is-increasing-production-to-prepare-for-coronavirus-demand.html