Grocery Greedflation?
06/29/23 • 18 min
Are the UK supermarkets profiteering? Food price inflation remains stubbornly high at 18.4% - its highest level since the 1970s - and now lawmakers want to understand if the supermarkets are lining their pockets at the expense of the shopper. In this episode, Natalie shares her views on why the grocers aren’t guilty of greedflation: they have no choice but to remain price competitive, while simultaneously doing everything in their power to protect their inherently low profit margins. Harvir Dhillon, Economist at the British Retail Consortium, joins the show to explore some of the cost pressures that retailers are facing, whether inflation has now peaked, and why a supermarket price cap is a bad idea.
Links:
BRC-NielsenIQ Shop Price Index
Connect with Harvir on LinkedIn.
Follow Harvir on Twitter.
Are the UK supermarkets profiteering? Food price inflation remains stubbornly high at 18.4% - its highest level since the 1970s - and now lawmakers want to understand if the supermarkets are lining their pockets at the expense of the shopper. In this episode, Natalie shares her views on why the grocers aren’t guilty of greedflation: they have no choice but to remain price competitive, while simultaneously doing everything in their power to protect their inherently low profit margins. Harvir Dhillon, Economist at the British Retail Consortium, joins the show to explore some of the cost pressures that retailers are facing, whether inflation has now peaked, and why a supermarket price cap is a bad idea.
Links:
BRC-NielsenIQ Shop Price Index
Connect with Harvir on LinkedIn.
Follow Harvir on Twitter.
Previous Episode
Why Amazon Should Buy Ocado
Brittain Ladd, former Amazon executive and one of the world’s leading experts in retail strategy, robotics, microfulfillment, logistics, and supply chain management, joins Natalie to break down what a potential Amazon-Ocado deal might look like. They discuss:
- Why Brittain believes that Amazon should buy Ocado.
- Why Amazon would want to double down on grocery e-commerce just when shoppers are returning to supermarkets.
- Whether acquiring Ocado would be a tech/fulfilment play or a chance to finally accelerate its own grocery ambitions.
- Implications for Ocado’s existing global partners (ie. Kroger, Sobeys, Coles, ICA, Auchan etc)
- What is Amazon’s end game – does it want to be a grocer or a technology vendor?
- How might grocery e-commerce evolve and what role will AI play?
- Why Brittain believes that Amazon will still be disrupting by 2030.
More on Brittain:
https://brittainladd.com/
Connect with Brittain on LinkedIn
Next Episode
Primed to Spend?
It's Amazon Prime Day and the bargains are flying - but will shoppers bite? What's new this year and how has the competition responded? In this episode, Natalie also shares her views on Amazon's latest personalisation efforts. Amazon may be the Everything Store, but it's not exactly the Inspirational Store. How might personalised deals feeds, liveshopping and Prime Day experiences help Amazon to shift its utilitarian image?
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