Supermarkets Increasing Inventory
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07/14/2021 |
Supermarkets increasing store inventory |
According to a report by Jefferies supported by retail data, it appears that supermarket chains are stocking up on non-perishables in anticipation of price inflation. The trend towards higher inventories is also in anticipation of increased sales that are rising to levels above pre-COVID for corresponding months in 2019. It is estimated that from 3,000 stores surveyed, 20 percent increased purchases.
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Empty shelves following COVID
panic buying April 2020
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| General Mills Inc., Campbell Soup Company and J.M. Smucker intend raising prices to compensate for higher ingredient costs with a proportion passed on to consumers. Many chains experienced stock outages during panic buying in March and April 2020 and are now operating with higher levels of safety especially for packaged foods, paper and cleaning products. |
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