Kraft Heinz CEO pushes value: ‘Consumers are literally running out of money’

Millionaire frets that CEOs will also suffer as consumers ‘run out' of cash

The ongoing rise in prices under President Donald Trump, which is being exacerbated by the war in Iran, has prompted one food CEO to cut prices for his company’s products as consumers “run out of money.”“Consumers are literally running out of money toward the end of the month,” Kraft Heniz Chief Executive Steve Cahillane told The Wall Street Journal’s Jesse Newman in an interview that ran on Wednesday. “Being there with the right offering at the…

Kraft Heinz CEO pushes value: ‘Consumers are literally running out of money’

Steve Cahillane warned that new global conflicts like the war in Iran could fuel more inflation, at a time when past price increases have already hurt grocery sales