Food and beverages producer Pioneer Foods, recently bought by US giant PepsiCo for $1.7bn (about R24bn when the deal was agreed upon), says its supply chain during lockdown has proven to be robust and adaptable under pressure, but warns that the rand exchange rate makes price inflation unavoidable. In the group's first interview since its takeover and delisting from the JSE in March, Pioneer Foods CEO Tertius Carstens said this week that the supply chain was in a "far better space than I would have anticipated"."The system keeps going. It's actually incredible how quickly the system in general has responded to the circumstances and is staying operational. "It speaks a lot to the enterprise of people and commitment of people to make it work, and the way we, government agencies and industry associations are working together is just on a different level. It's very positive."But Carstens said one short-term concern for the owner of brands such as Sasko, Weet-Bix and Ceres was that th...
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