Inflationary wars continue to impact Canadian households. In fact, 79% of Canadians have altered their shopping habits to deal with the rising cost of food.
Increased competition as suggested by the Competition Bureau will have no effect. Europe's inflationary CPG rate in August was 10.68%, part of the continent Aldi and Lidl are dominant grocery discounters. By comparison, Canada's June CPG inflationary rate was 7%.
Food Distribution Guy's 3 Brand Implications – Sales Perspective
1. Brands must have a distinct target audience and an understanding of which Environics shopper group they fit into.
2. With channel shifting, brands would be wise to fulfill a multi-channel strategy and confirm they are competitively priced.
3. With ongoing wallet shifts to private label, imperative consumers love the taste of the brand, they perceive great value for their purchase, and it fulfils consumers' healthier lifestyle.