Get ready, change is coming to your Morning Joe at some point soon.
The Kraft Heinz Company (NASDAQ: KHC) said all the right things in its strategic transformation plan revealed on Tuesday. Product categories have been assigned specific roles within the company's portfolio, and a 30% increase in marketing and advertising spending will be offset by $2 billion worth of "gross productivity efficiencies." This is the same basic plan CEO Miguel Patricio was talking about in February of this year (and had hinted at as far back as last year) shortly after he took the helm.
Yahoo Finance chats with Kraft Heinz CEO Miguel Patricio about his new plan to overhaul the food giant.