‘The supply chain environment has steadily improved in recent months, with supply disruptions returning to pre-pandemic levels and General Mills’ customer service levels reaching the low- to mid-90s in the U.S. With a more stable supply chain allowing for more resources to be redirected toward productivity, the company remains on track to step up its Holistic Margin Management cost savings to 4% of cost of goods sold in fiscal 2024, compared to 35 generated in fiscal 2023,” said the company with its earnings release.
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