Last week, the FTC released a scathing report accusing big grocery players and CPG companies of using pandemic-era supply chain disruptions “as an opportunity to further raise prices and increase their profits, which remain elevated today.”
So we asked:
Did big grocers and CPG companies take advantage of the pandemic to unnecessarily raise prices?
And you answered:
No, it’s more complicated (50%) Yes, clearly (48%) Other, tell us in the comments (1%)
And you also said:
Kurt McMillan, Owner, President, Texas Fresh Food Broker
Prices have gone up in part to supply/demand but also feed for animal proteins, labor, and trucking at an all-time high too. Government imposing new traceability and other regulations also make costs go up. Not hard to look around and find the cause without pointing fingers. Prices will NOT be going back down!
Richard Dorfner, Former Store Director, Cub Foods
IMO it seems some actual food inflation but the government shutdown and fear caused most of the problem in rising food prices. Some bad actors started the trend and the black sheep followed the money.
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Have another thought? Weigh in on our LinkedIn poll here, or email the SN team at contactus@supermarketnews.com, and make sure to include your first and last name and job title. Have a great weekend. WHAT DO YOU THINK? | 