Strauss Group, one of Israel's largest food companies, has faced a series of challenges in recent years, including salmonella outbreaks, factory closures, and rising raw material prices. These difficulties have led to financial losses, a decline in market share, and the departure of senior managers. The company has implemented streamlining measures and price increases to address these issues, but analysts remain skeptical about its future prospects. Despite this, Strauss Group continues to focus on innovation and new product launches, hoping for a turnaround in its fortunes.
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Original article source: https://www.jpost.com/business-and-innovation/article-786006
Source Id: 2024-02-252286532