Food
Even though 2020 was a record-breaking year for many food retailers, the coronavirus pandemic made a lasting impression on food retail. McKinsey and EuroCommerce identify three major trends at work that are forcing supermarkets to adopt new strategies and innovate.
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“Territorial supply constraints" are a widespread practice in Europe, especially in retail. This costs consumers up to 14 billion euro, concludes the EU.
Since a few weeks, Colruyt reacts to price cuts at Albert Heijn in all its Flemish supermarkets, and no longer regionally. A logical consequence of the expansion policy of the Dutch chain, says the market leader.
Despite higher costs due the coronary pandemic, Colruyt Group expects to make at least as much profit this financial year as last year. This was stated by the retailer at its General Meeting.
Prices for vegetables, fruit and meat have risen sharply in the past month. There is not just one cause but a combination of factors - however, the corona crisis is the common thread.
