Q1 2022 Kerry Group PLC Interim Management Statement Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: James Targett - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : A couple of questions. So firstly, just on sort of cost outlook. Thanks for the color on the sort of raw material cost inflation development. 2 questions on that, could you just talk about any particular areas in the supply chain where you're seeing material constraints, which could be a problem to your ability to fulfill customer orders or anything like that? And then, you talked about raw material inflation, but anything you can talk about overall cost inflation outlook for the year, including things like energy and logistics, etc., that would be very helpful. And then my second question is on Edmond, you mentioned a very strong innovation pipeline. Are you seeing any signs that in inflation, the costs and the pressures on consumer expenditure, is that impacting the type of innovation or the appetite for innovation at all? And is there a difference particularly between what you're seeing in retail channels and food service channels when it comes to such demand for innovation.