Inflation surge: Packaged and fresh food

Report detailing the causes of inflation across packaged and fresh food, how companies are meeting these macroeconomic forces and consumer responses to rising prices.
  • Production costs are rising across the world in the aftermath of the coronavirus pandemic and the war in Ukraine, but they are also being affected by extreme weather and export restrictions.
  • While 2023 is expected to see a lower rate of inflation than 2022, these ongoing risk factors make this uncertain.
  • So far business responses have included cutting margins, changing the size and shape of packaging, sourcing alternative ingredients, reducing SKU count and rebalancing offerings to target the premium segment.
  • Consumer behaviours differ according to income and particular brand loyalties, ranging from opting for private label to reducing the frequency...

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