Licentia Financial, LLC’s Post

Check out the average retail food price per kg This data shows average prices of oils, meat, staples, and other food. How are you coping in your area? Don't forget to follow us for more valuable insights #oaksinsight #oaksmarket #oaksintelligence #marketsurvey

Companies are dangling $5 burger meals and flakier biscuits to encourage consumer spending while trying to keep profits steady. Food companies are working on fixes for consumers fed up with high prices, while trying to protect some of the biggest profits earned in years. Restaurant chains this summer are promoting a flurry of deals to keep registers ringing. Food manufacturers are hiking prices at a slower pace, rolling out more discounts and introducing new products, such as “Star Wars”-themed Oreos and Super Mario-shaped mac and cheese. The companies’ moves aim to lure people back to brands that consumers have ditched as prices skyrocketed. It also means the era of rapidly rising food prices is over. “We had 3% inflation this year,” said Kraft Heinz Chief Executive Carlos Abrams-Rivera on Wednesday. “We’re only pricing 1%.” Americans in the past two years spent more of their income on food than they have in three decades. Food prices have become a hot-button issue on the campaign trail as U.S. presidential candidates and other politicians debate economic issues ahead of November elections. #inflation #retail #groceryindustry Kraft Heinz Jesse Newman Heather Haddon Conagra Brands General Mills https://lnkd.in/eScB2Mdy

This article by RSM US LLP highlights that despite easing inflation, food and beverage companies face profit margin challenges due to high costs. M&A opportunities can help offset pricing pressures and integrate efficient technologies to sustain growth and competitiveness. To read the full article, click the link below. Karen A Galivan, Peter Cadigan and Thomas Hamill #ThisWeekInConsulting #TWIC #Inflation #RSM

Not your usual shopping list? For the food and beverage industry, things are "back to business as unusual" i.e. dealing with unprecedented challenges impacting global operations. The Ideagen 2024 Food industry audit report explores current issues and compares them to insights from previous years. Commodity inflation, supply chain disruptions and geopolitical events are some of the key factors threatening the sector's resilience. Interestingly, our research also reveals that concerns about COVID-19 and Brexit have fallen out of the top 10. Learn more about the biggest risks and get a taste of how the industry is preparing to tackle these challenges. Access now ➡️ https://okt.to/j8aeQG #foodanddrink #supplychain #riskmanagement #foodsafety

In a recent article by The Wall Street Journal, it's reported that Americans are spending more on food than in the last 30 years. Considering the staggering figures, it's time we acknowledge and analyze the underlying pattern of global pricing shifts and supply chain disruptions. As industry professionals, should we focus more on locally sourced products to maintain prices at an acceptable level and promote food sustainability in our communities? #foodIndustry #supplychain #inflation

This article by RSM US LLP highlights that despite easing inflation, food and beverage companies face profit margin challenges due to high costs. M&A opportunities can help offset pricing pressures and integrate efficient technologies to sustain growth and competitiveness. To read the full article, click the link below. #ThisWeekInConsulting #TWIC #Inflation #RSM

After a period of relentless increases, food prices are finally stabilizing. According to a recent Wall Street Journal report, the era of rapidly rising food prices is over. This is excellent news for both consumers and businesses that have been grappling with inflation for the past few years. So, what's driving this change? Several factors come into play. Improved supply chains and increased agricultural yields have contributed to this stabilization. Additionally, the easing of global supply chain issues has helped maintain steady pricing. The U.S. Department of Agriculture reports that food costs are expected to rise only by 2-3% over the next year, which is a far cry from the double-digit inflation we've seen recently. For many, this means a return to more predictable grocery bills and perhaps even a chance to explore new culinary delights without breaking the bank. How have recent food price trends affected your household or business? #FoodPrices #Economy #ConsumerNews

Customers: We hate what you're doing! Food Brands: Let's do more of that but make it flashier! #foodbrands #consumerbehavior #inflation #consumerchoice #pricing #brandpromotions

Have you noticed that prices are higher and packaging is smaller? Here is an insightful WSJ article on the rising food cost dilemma. https://lnkd.in/eSH8gaza

We just attended The Food Institute’s webinar on the economic impact of inflation on the Food & Beverage industry. The key takeaways? Rising costs, evolving consumer behavior, and challenges with capital liquidity are reshaping the industry. Experts discussed how businesses can prepare for future economic conditions, including potential regulatory changes. With a focus on inflation and interest rate policies, this session provided actionable insights for navigating 2025’s challenges. Thank you The Food Institute for the insightful discussion and Q&As! #FoodIndustry #InflationImpact #BusinessStrategy You can find more here: https://lnkd.in/dXUHWysY