Food Firms Cook Up Ways to Combat Rare Sales Slump†

Wall Street Journal, April 21, 2009 — The packaged-food industry has long touted itself as recession-proof. Strapped consumers are shattering that assumption, setting off a frenzy in the nation's supermarket aisles and cooking labs.

In the last quarter of 2008, consumer spending on food fell by an inflation-adjusted 3.7% from the previous quarter — its steepest drop in 62 years, the Commerce Department said. So, food giants are racing to adapt to what they believe is a lasting shift in eating and shopping habits.