My latest Ottawa Citizen column, on the Menu Foods pet-food recall, is here.
Its latest annual report, covering 2005, paints a gloomy picture. Year-over-year sales were down, and costs for raw materials and packaging were going up. Fuel for deliveries got expensive after hurricanes Katrina and Rita. Aluminum and steel got more expensive, affecting Menu’s canning operations. The company buys empty food pouches in Europe and sells much of its finished product in the U.S., meaning it was squeezed at one end by the rising Canadian dollar and at the other end by the rising euro.