The Debut of “Interview with a Pro”
The Pro:
Teresa Paulsen weighs in with expanded analysis on how a company is handling consumer backlash.
Interview Topic Background:
There is more to cover on the ongoing WK Kellogg’s “CerealGate” incident. Since the initial public backlash, WK Kellogg’s has not pubicly responded.
From Salon, March 10: "Let them eat cereal": How accusations of "greedflation" fueled consumer ire against Kellogg's
On Feb. 21 — WK Kellogg Co. CEO Gary Pilnick also suggested customers eat cereal for dinner, likely because instead of positioning it, as the advertisement had, as a little treat, he suggested it as a solution for families feeling throttled by food inflation.
This period of sustained grocery inflation, even as the price of other goods comes down, has caused frustration for a lot of American customers.
Pilnick’s comments have led to widespread calls for a boycott of Kellogg’s products
Analysis from Truescope points out, among other things, that some consumers are weighing in online with a different perspective: they enjoy eating cereal for dinner.
Meanwhile, WK Kellogg's has enjoyed a share price increase of 15% year to date.
Watch my interview with Paulsen: