Tesco faces shortage of Heinz products after row over rising prices

theguardian.com:

Tesco is facing shortages of Heinz baked beans, ketchup and salad cream after a fallout with the US brand over price increases.

Heinz has paused supplies of a range of key products over the row, which has already left shelves empty in some stores and items out of stock on Tesco’s website.

A Tesco spokesperson said:“With household budgets under increasing pressure, now more than ever we have a responsibility to ensure customers get the best possible value, and we will not pass on unjustifiable price increases to our customers.

“We’re sorry that this means some products aren’t available right now, but we have plenty of alternatives to choose from and we hope to have this issue resolved soon.”

The supermarket added it was “laser-focused on keeping the cost of the weekly shop in check” as food price inflation surges adding to the cost of living crisis.

Heinz said: “We are working closely with Tesco to resolve the situation as quickly as possible. In today’s challenging economic environment – with commodity and production costs rising – many consumers are working within tight budgets.

“We always look at how we can provide value through price, size and packs so consumers can enjoy the products they love and trust at a price point that works within their budgets, without compromising on quality. We are confident of a positive resolution with Tesco.”

Heinz was founded in Pittsburgh, Pennsylvania, in 1869, but since the early 1900s has produced its products for the British market in the UK.

New research for The Grocer trade journal using data from Assosia reveals a surge in prices of Heinz products in other supermarket chains over recent weeks.

The price of a 4x400g pack of Heinz Cream of Tomato Soup, for instance, has risen 40% from