Commodity Price Volatility: Mondelez relies on various agricultural commodities as raw materials, and significant fluctuations in their prices could impact profitability if not effectively managed through hedging or pricing actions.

Intense Competition: The global snack food market is highly competitive with numerous local and international players, requiring continuous innovation, effective marketing, and pricing strategies to maintain market share.

Shifting Consumer Preferences: Evolving consumer tastes towards healthier snacks, plant-based options, or products with specific dietary attributes could reduce demand for existing core brands if Mondelez fails to adapt its product portfolio.