Spice supplier McCormick and Company reported FY2’21 revenues (to May 31) which increased by 11.1% year over year. The firm also scaled up inventories, which rose by 38.1% over the same period, as the firm invested “in our supply chain to expand our capacity and capabilities as well as increase our resiliency” according to CEO Lawrence E. Kurzius. That required a downshift in U.S. seaborne imports linked to the firm which fell by 33.7% year over year in the three months to May 31 after a 64.9% jump in the prior three months. The firm has also been restructuring its s...