Global Food Giants Warn of More Consumer Pain: Supply Lines

President Donald Trump’s unpredictable trade policy is hurting consumer sentiment and adding to cost pressures, at a time when high prices of commodities like cocoa and coffee continue to filter through to supermarkets.

Those were among the takeaways from some of the world’s biggest food companies’ results this week, with one key message in particular: Consumers should brace for more pain. Here’s what they tell us about the outlook for food inflation and consumer trends:

PepsiCo — Tariff Headwinds

From breakfast cereals and fruit juices to salty chips and sweet sodas, PepsiCo’s broad variety of products can offer a glimpse into consumers and their behavior — and it’s pointing to unease and uncertainty.

The Doritos maker cut its full-year ...