Proving that its business strategy is on the right track, Parmigiano Reggiano Consortium has announced positive financial results for 2021 despite global supply chain challenges and other factors. The cheese name revealed that it hit a milestone of $3 billion for consumer turnover, an all-time high, and a significant increase for the $2.64 billion seen in 2020. Now, the organization is looking forward to further growth in 2022 with new plans set in motion.

“According to the WHO, the improved COVID situation in Europe could be heralding the end of the pandemic,” stated Nicola Bertinelli, President. “Our sector has not only withstood the COVID storm but managed this year to expand consumption and to achieve stability of prices at production. Now that we are coming out of this phase, we will need to address its consequences on the market, which was vigorous but could face—due to an increase in production driven by prices and demand—problems of excessive supply.