Private label demand surging as inflation rages: report
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The prices from some of the biggest food suppliers and restaurants are continuing to increase along with overall cost of goods in the US, according to an article published on the Wall Street Journal website on June 11.
Executives at companies like Kraft Heinz, Tyson Foods and McDonald's have announced they will continue to raise prices amid increased fuel costs, staff shortages and increased production costs
Campbell Soup is seeing some market-share erosion from private label in select categories as consumers trade down in the midst of the cost-of-living crunch.
With labour shortages throughout the food industry, companies are investing to retain and attract staff and automating their facilities.