Along the Food Chain with Michael Olson…
#1411 The Snack Chips Man
Jake Stenton, President
Natural Bridges Company
You stand in front of the grocer’s selection of snack chips and think, ‘A penny’s worth of potato in a bag that costs a buck!’
We Americans eat about $50 billion dollars worth of snack chips every year. That pencils out to about $167 per person per year. And the price of those bags of snack chips keeps going through the roof.
According to the U.S. Bureau of Labor Statistics, a bag of chips that cost $6.75 in 1977 would cost $33.39 today!
That so much money is spent on those bags of snack chips, leads us to wonder:
What would it take to bag up some chips and sell them?
