Grocery retailers in Canada reject greed claim Greedflation?

Grocery retailers in Canada say they don’t know what officials are talking about. The term greed refers to companies capitalizing on inflation to maximize profits. 카지노사이트

Despite inflation, consumers are still hungry for products Sales in the products department rose 4.8% to $74.5 billion in 2022, despite inflation pushing up fruit and vegetable prices, according to a new report. The Power of Produce 2023 report, published by The Food Industry Association (FMI), shows that more consumers are turning to value-added products — pre-cut and washed — and packaged salads that offer convenience but tend to be more expensive per pound. Most shoppers (68%) would like their store to stock more of these time-saving products despite rising prices and inflation. “Consumers continue to buy products at around the same level as 2021, despite inflation-driven price increases.

The change we are seeing is that shoppers have switched to cheaper conventional fresh fruit and vegetables, as well as canned and frozen vegetables, rather than more expensive organic produce,” said Rick Stein, vice president of fresh food at IMF. “Shoppers are looking for bargains, but they’re also willing to pay more for conveniences like pre-cut and laundered products,” Stein added. “It shows how complicated the consumer decision-making process is. On the one hand, shoppers say price is important, but when it comes to convenience, they’re willing to pay.

The report is the IMF’s eighth in-depth review of purchasing habits and product consumption. Key findings include:

Fresh produce sales rise as volume falls:

Fresh produce sales hit $75 billion as prices rose due to inflation, but books sold fell as 84% ​​of consumers took money-saving measures including finding bargains by buying less and buying less switch types and memory. Some shoppers bought more frozen and canned produce than fresh produce. While the volume of products purchased decreased in 2022 compared to 2021, total product sales also remained higher than in 2019 (19%).

Meal frequency has increased:

a third of Americans typically eat fresh produce every day, while the majority (58%) say they eat it at least four or five days a week. Most shoppers (72%) always or usually add fresh vegetables to their lunch. Fresh fruit is eaten most frequently at breakfast (56%) and as a snack (38% in the evening, 44% at lunchtime or in the morning). 온라인카지노사이트

Price, appearance and convenience all influence consumers’ purchasing decisions:

After meat, fruit and vegetables are the second largest section in a grocery store. Almost a third of shoppers (30%) say product shelf is a determining factor in where they shop.

More than a quarter of shoppers (26%) consider price to be the most important factor when choosing and purchasing fresh produce. Proximity matters: supermarkets are the most frequently purchased channel for fresh produce (72%), but non-food formats, from convenience stores to drugstores, are eroding the traditional distribution channel. Just under half of households buy at least some of their fresh produce online, unchanged from 2022.

Organic production is poor:

After several years of aggressive organic growth, the trend reversed last year and the amount of organic produced declined 2022 back . A quarter of shoppers said they are buying fresh produce cheaper amid inflation, which could put further pressure on organic sales in 2023, although many organic consumers plan to further increase their purchases.

Nutrition matters to shoppers:

More than a third of shoppers want more information on recommended daily amounts and portion sizes when it comes to products, while nearly half of consumers want more information about nutrition, health benefits, health and how to use products snacks . Today, portion and nutrition awareness is greater among those who consume fresh produce frequently, underscoring the importance of helping consumers make informed grocery shopping decisions. 바카라사이트

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