So that means the food companies are going to rise prices again to make up for the number dropped I’m sure. You know rather than reducing the fraud thet blamed on “inflation”.
Does this mean there’s less food waste, people growing more of their own food, people getting food from somewhere other than grocers, or just less overall food consumption?
It means people are less able to afford the current price of food and the food that they are buying is either cheap to produce or cheap to purchase (or both, I suppose), so the overall actual profit for grocery stores and food producers is less than the expected profit.
In essence, they’re upset consumers aren’t choosing to spend money they don’t have on junk they don’t need. Also worth discussion are the questions of whether or not they’re hedging their bets that this isn’t a long-term downward trend and what they will do if it doesn’t reverse course.
It means depression time
Declining sales would probably lead to more waste, as unsold perishable food is thrown away.
I would suspect declining food consumption and rising demand at food banks.
I can’t read the article though.
Thats education for you🤷
