Kraft Heinz makes physical food for hungry humans — there is no AGI disruption pathway to making ketchup and mac & cheese obsolete.
Kraft Heinz is one of the largest food and beverage companies globally, formed from the 2015 merger of Kraft Foods Group and H.J. Heinz Company orchestrated by 3G Capital and Berkshire Hathaway. The company owns a portfolio of iconic brands spanning condiments and sauces, cheese and dairy, frozen and refrigerated meals, meats, coffee, nuts, and infant nutrition. Key brands include Heinz ketchup, Kraft cheese, Oscar Mayer meats, Philadelphia cream cheese, Lunchables, Ore-Ida, Maxwell House coffee, Jell-O, and Capri Sun. The company sells products in approximately 200 countries and territories.
Retail grocery stores, mass merchandisers (Walmart is the largest single customer at ~20% of revenue), club stores (Costco, Sam's Club), convenience stores, foodservice distributors, restaurants, and e-commerce platforms. KHC sells through traditional CPG channels with a heavy reliance on North American retail.
AGI cannot replace ketchup, mac and cheese, Oscar Mayer hot dogs, or Philadelphia cream cheese. Kraft Heinz manufactures and distributes physical food products that people eat. Food is the most fundamental human need. No AI system can substitute for the caloric intake and taste satisfaction of a physical meal. Kraft Heinz sells to grocery retailers, food service operators, and consumers. These customers exist because humans need to eat. Even in the most extreme AGI disruption scenarios where millions of knowledge workers lose jobs, those displaced workers still eat three meals a day. Food demand is biologically determined, not economically or technologically contingent.