Danone CEO Antoine de Saint‑Affrique told CNBC that the Iran‑Israel conflict could create inflationary pressure, potentially raising food prices.
He said the company has not decided to raise prices yet, citing uncertainty over the war’s path in the next two‑four weeks.
He highlighted the war is in week six and the U.S. urged Iran to reopen the Strait of Hormuz, an oil route.
He emphasized continuing investment in brands and differentiation to stay relevant amid macroeconomic headwinds.