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Hershey prioritizes AI-driven supply chain and product innovation

The Hershey Company is prioritizing supply chain excellence as a core strategic pillar under new CEO Kirk Tanner. This involves significant investments in technology and automation to enhance efficiency, resilience, and agility within their operations. Hershey is also focusing on product innovation, including healthier options and precision-timed nutrients, and diversifying its sourcing, particularly for cocoa, to mitigate market volatility and hedging losses. AI

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IMPACT Hershey's strategic focus on AI-enabled supply chains and product innovation may signal broader industry trends in leveraging AI for operational efficiency and consumer-facing product development.

RANK_REASON Company strategy shift with significant investment in technology and supply chain. [lever_c_demoted from significant: ic=1 ai=0.4]

Read on Forbes — Innovation →

Hershey prioritizes AI-driven supply chain and product innovation

COVERAGE [1]

  1. Forbes — Innovation TIER_1 · Steve Banker, Contributor ·

    Excellence In Supply Chain Is A Strategic Pillar For Hershey

    Under new leadership, Hershey has elevated excellence in supply chain management to one of its three key strategic pillars. A company restructure supports this vision.