General Mills plans supply chain revamp as part of $3B cost-cutting effort

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  "company": {
    "name": "General Mills",
    "domain": "generalmills.com"
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    "url": "https://www.supplychaindive.com/news/general-mills-plans-supply-chain-revamp-as-part-of-3b-cost-cutting-effort/824889/",
    "title": "General Mills plans supply chain revamp as part of $3B cost-cutting effort",
    "author": "Antone Gonsalves",
    "excerpt": "The upgrade is critical because the consumer packaged goods company’s current network was built for a lower-volume era, executives said. General Mills' upcoming supply chain revamp is a piece of the company's plans to restore profitable organic sales growth through $3 billion in cumulative cost savings by 2030. About $2 billion in savings will include a more targeted focus on products and trends. The network overhaul will contribute to the additional $1 billion in savings the company expects to achieve by improving business processes and identifying new ways of working with technology and operating models, according to McNabb. \"These savings are critical to help offset inflation, to fund our growth investments, and support stronger earnings and cash flow over time,\" Chairman and CEO Jeffrey Harmening said in the call. The company expects to save $750 million in the current fiscal year, which started May 26. General Mills's supply chain restructuring comes amid personnel changes. The company promoted McNabb to COO in June , giving her oversight of innovation and the supply chain. The company also added transformation to Chief Digital and Technology Officer Jaime Montemayor's title earlier this year. Supply chains are shifting across the consumer packaged goods sector as less predictable consumers pressure demand planning, Jeremy Tancredi, a partner in West Monroe's supply chain...",
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    "published_at": "2026-07-13T15:32:00Z",
    "article_sentence": "General Mills' upcoming supply chain revamp is a piece of the company's plans to restore profitable organic sales growth through $3 billion in cumulative cost savings by 2030.",
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