The Ohio-based coffee, food and pet food manufacturer has appointed Gagnesh Gupta as Senior Vice President of Commodities and Procurement as it seeks to strengthen sourcing operations in an increasingly volatile supply chain environment
J.M. Smucker’s products include the Folgers, Café Bustelo and licensed Dunkin’ at-home coffee ranges | Photo credit: J.M. Smucker
J.M. Smucker is seeking to overcome recent supply chain challenges by appointing former PepsiCo Global Procurement Director Gagnesh Gupta to oversee the company's sourcing and commodities functions.
The US coffee, food and pet food manufacturer has said that supply chain disruption is expected to hinder its growth in 2023. Full year profit decreased 14% to $2.7bn in 2022, which the company attributed to rising costs and a challenging global trading environment.
As Senior Vice President of Commodities and Procurement, Gupta will be responsible for the organisation's ability to efficiently source necessary ingredients and materials to deliver products across its portfolio. Gupta will succeed Dan Nowicki who will retire from the company in October 2022.
Gupta previously held procurement leadership roles at The Kraft Heinz Company, Pinnacle Foods Inc., PepsiCo Inc., Whirlpool Corporation and Hudson's Bay Company.
"The efforts of our Commodities and Procurement teams have been instrumental to our success in a dynamic environment, and we are thrilled to have Gagnesh's leadership to ensure we maintain this high-level of performance. I am excited for the contributions I know he will make in support of our business and culture,” said John Brase, COO, J.M. Smucker.
J.M. Smucker’s product range includes the Folgers, Café Bustelo and licensed Dunkin’ at-home coffee ranges, as well as Smuckers spreads and Milk Bone pet food. The Ohio-based company promotes its products as being present in over 80% of US homes.
In August 2022 the company reported strong retail packaged coffee sales in the US for the three months ended 31 July 2022, with the business unit achieving 10% revenue growth to $598m.