Kraft Heinz invests $3 billion to upgrade US production lines.

Kraft Heinz Company announced on Wednesday that it will invest $3 billion to upgrade its US factories, marking the largest manufacturing facility investment by the group in a decade. It is noteworthy that this decision comes at a time when company executives admit that consumer confidence is at its second lowest level in 70 years, and the group has lowered its sales and profit expectations. Pedro Navio, Kraft Heinz's North America president, stated in a media interview that the production line upgrades will lower costs by improving operational efficiency, potentially offsetting the impact of President Trump's tariff policy - a key consideration that led to this investment decision.