Online: | |
Visits: | |
Stories: |
Story Views | |
Now: | |
Last Hour: | |
Last 24 Hours: | |
Total: |
Drew Kershen and Alan McHughan at Forbes:
Recently, cereal makers General Mills GIS -2.43% and Post announced that they had reformulated their flagship brands (Cheerios and Grape Nuts, respectively) to avoid genetically-modified (GMO) ingredients. Cheerios will henceforth state “Not made with genetically modified ingredients.” A box of Grape Nuts sports the “Non-GMO Verified” logo.
Curiously, General Mills and Post did not simply introduce an additional version of Cheerios and Grape Nuts to attract GMO-wary consumers, but killed off the original flagship brands, thus alienating brand-loyal consumers of the popular cereals. These reliable customers, estimated at 75% or more, must now bear several novel and undesirable consequences…