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It is the opposite. It is a function of overwhelming levels of competition in the retail business and an obsession with total efficiency. I am not sure what th
by skippyboxedhero 4y ago
It is the opposite. It is a function of overwhelming levels of competition in the retail business and an obsession with total efficiency.
I am not sure what the solution is but this problem has existed since the early 90s when the industry began to consolidate heavily into the large supermarkets. The industry has kept trying to consolidate which may lead to less aggressive action (supermarkets are fully aware of how damaging their behaviour has been), but the govt has been blocking this to keep food prices low.
One big change was Aldi/Lidl who have introduced more diversity into the supply chain without compromising on price...but that is only in some verticals, and their general position towards farmers is still quite aggressive.
But the pursuit of extremely low prices and consumer value is not a sign of decline.