WESTERVILLE, OHIO — Lancaster Colony Corp. has decided to push back the implementation of Project Ascent until the start of fiscal 2023, citing a wide range of factors. The initiative, which Lancaster began working on in the fourth quarter of fiscal 2019, will allow the company to replace its current ERP system that was installed in 1995. The company originally expected the project to take about two years to implement.
During an Aug. 26 conference call with analysts to discuss fiscal 2021 results, David A. Ciesinski, president and chief executive officer of Lancaster, was asked about the decision to defer the implementation and to highlight the potential impact on cost savings.
Mr. Ciesinski began his response by noting that the main reason for deferring is “everything that you’re seeing out there in the news today.”
“It’s the amalgam of labor uncertainty and broad global supply chain uncertainty, end-to-end volatility in…