The spending will contribute to the company’s goals of improving supply chain resiliency, maintaining high service levels and reducing inventory and days of inventory, according to the call. "I don't believe we're investing enough in our brands and our supply chain, again, why you've seen a significant step-up and investment there," Brase said. Today, Conagra is prioritizing supply chain resiliency as part of its plans to spend 4% to 5% of net sales on capital expenditures, according to Matthew Neisius, senior director of investor relations. General Mills reported this month it planned to overhaul its aging supply chain, which was built for a lower-volume era, executives said. Meanwhile, Procter & Gamble has fully rolled out its Supply Chain 3.0 initiative across the company as part of the underlying platforms and capabilities the company has been building for years.