“According to Innovation Minister Francois-Philippe Champagne, Metro, Loblaws, Sobeys, Walmart and Costco — which together represent about 80% of the grocery market — will roll out price freezes, discounts and price matching over the coming days and weeks . . . Champagne also says a task force will be appointed to make sure the grocers live up to their commitments.” – By Jessy Bains, Editor at LinkedIn News
A bold headline and an even bolder promise caught my attention in my early reading this morning – lower grocery prices are on the way for consumers.
I have been tracking the grocery industry for many years now. More recently, the following articles by myself and others have tackled everything from shrinkflation to significant price differences between different chains to buyer-supplier trust and government intervention in the industry.
As you read through these and the many other articles on the grocery industry and food prices, what role do these companies’ procurement departments play regarding the prices you ultimately pay to put food on your table.
For example, what changes in the supply chain enable grocery chains to suddenly coordinate an industry-wide “roll out price freezes, discounts and price matching over the coming days and weeks?”
Procurement Insights
Grocers pledge discounts and freezes – how, if at all, does this affect the procurement department?
Posted on October 10, 2023
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“According to Innovation Minister Francois-Philippe Champagne, Metro, Loblaws, Sobeys, Walmart and Costco — which together represent about 80% of the grocery market — will roll out price freezes, discounts and price matching over the coming days and weeks . . . Champagne also says a task force will be appointed to make sure the grocers live up to their commitments.” – By Jessy Bains, Editor at LinkedIn News
A bold headline and an even bolder promise caught my attention in my early reading this morning – lower grocery prices are on the way for consumers.
I have been tracking the grocery industry for many years now. More recently, the following articles by myself and others have tackled everything from shrinkflation to significant price differences between different chains to buyer-supplier trust and government intervention in the industry.
As a procurement professional, how would you answer this question: Why do some groceries cost half as much at Dollarama as Loblaws?
Looking at this picture – from what you see, do you know why I bought this product?
What is your Buyer – Supplier “TRUST” Score – Trust Your Supplier/Nick Picone
Where’s The Beef! Shrinkflation’s Impact on Procurement’s Value Proposition – Sourcing Industry Group Panel Discussion/Dawn Tiura
As you read through these and the many other articles on the grocery industry and food prices, what role do these companies’ procurement departments play regarding the prices you ultimately pay to put food on your table.
For example, what changes in the supply chain enable grocery chains to suddenly coordinate an industry-wide “roll out price freezes, discounts and price matching over the coming days and weeks?”
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