Lamb Weston says capacity optimization efforts launched more than a year ago have increased North American factory utilization by approximately 10%age points. The gains are enabling the company to exceed forecasted savings from its cost savings program, executives said. The improvements help offset what the company describes as unexpected inflationary pressure across key input costs and freight expenses. Lamb Weston is working with suppliers and hedging where possible to manage the inflation, while also improving payment terms with supplier partners.
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