Expected to be fully operational by the end of 2022.

Drought and war in Ukraine among key factors at play.

Competitors include cacao crunch bites and veggie chips makers.

Clif Thins comes in three varieties.

Cites ‘weaker-than-expected performance’ since Ronzoni acquisition.

Company also sees sales slip.

Agreement with DOL involves Nebraska baking plant.

New confectionery products feature Rice Krispies and Apple Jacks.

Net income up 126%; sales jump 58%.

Becomes first Innovation Studio in Latin America.