VERTICALFOCUS
LIGHTS, CAMERA, CHOCOLATE To oset major price hikes from manufacturers, AMC Entertainment Holdings plans to make its own candy and sell it in theaters. “As a result of the pandemic and supply chain shortages, candy manufacturers had increased their price to us by a huge amount,” said Adam Aron, chairman and CEO of AMC, during an earnings call. AMC says it can manufacture a private label of popular candy and sell it at a lower price than the current name brands the theater chain oers. Even at lower prices, AMC would still maintain a higher profit margin because the “cost to manufacture the private label brand is so much less than the normal brands,” Aron said. The entertainment company expects to introduce its private label of popular candies in theaters later in 2023 or early 2024.
SUGAR RUSH
The average American consumes an estimated 8 pounds of candy per year, with children eating even more.
September 2023 • Inbound Logistics 17
Powered by FlippingBook