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A strained supply chain, however, has driven up freight and labor expenses and aggravated problems for companies like Kraft, Conagra, Kellogg and other global leaders of the food industry, that are grappling with surging costs of numerous raw materials such as grains, meat or edible oils. "Kraft Heinz is doing a better job of navigating rising costs and driving demand than we thought," analyst John Boylan said, adding that the company has laid a good foundation by lowering costs and divesting sluggish businesses.
