Cereal Giant Raises Prices Due To Inflation, Supply Chain Problems And A Labor Strike - NewsBreak

Cereal giant Kellogg announced Thursday that it expects to raise prices as inflation, supply chain problems and a recent labor strike boosted the company's expenses. Nearly 1,500 workers went on strike at Kellogg cereal plants in October, and the workers' union rejected the company's recent offer on new pay and benefits on Wednesday, Reuters reported. The strike has led to a dip in Kellogg's profits and contributed to an overall increase in company costs.