Transitory, brief and fleeting are no longer adjectives that can be used to describe the current state of inflation affecting the economy. This news is reflected in recent statements by the Federal Reserve, as authorities indicate inflation will remain like a houseguest that overstays his or her welcome into 2022. Unfortunately, this means both shoppers and businesses will witness higher prices over a longer period, but the food industry remains committed to supporting grocery shoppers.
Enhancing private brands in ecommerce is an imperative for food retailers with their own private brands and improving execution is crucial to driving success. Many retailers have already recognized this and have taken steps below towards boosting their private brand strategies for ecommerce.