Report finds nearly half of food manufacturers experienced price increase in 2018
Both manufacturers and retailers feel pressure to drive sales at the lowest possible prices.
Grocery prices have steadily increased for the past five years, alongside a recent spike in manufacturing and transportation costs. At the same time, both manufacturers and retailers feel pressure to drive sales at the lowest possible prices. These factors combined have created a "perfect storm" for manufacturers and retailers, forcing the two parties to work together to mitigate the negative impact of price increases.
“The Pricing Conundrum,” a new report from Acosta, Jacksonville, Fla., reveals best practices for effective collaboration between manufacturers and retailers.