Grocery code could spur investment, stabilize prices: Kraft Heinz Canada president

"It creates a better trade environment for both the supplier and the retailer, but I think at the end of the day, the consumer is winning," said Simon Laroche in an interview with The Canadian Press.

Canada might be still finalizing its code, but Laroche has already seen what it could do for a country with a concentrated grocery market. Before moving into his current role last year, Laroche spent several years leading Kraft Heinz's business in Australia, New Zealand, Japan and Korea. Australia has had a code of conduct since 2015.

At its peak, grocery inflation in Canada was 11.4 per cent; since May 2020, food prices have risen by more than 22 per cent. The company has also learned a lot about how to mitigate supply chain disruptions after the empty shelves and shortages of the early months of the pandemic, and has made some changes as a result.

The fact that Kraft Heinz produces a lot of its products domestically has helped avoid further supply chain disruptions, he added. Half of what the company sells in Canada comes from the Kraft Heinz factory in Montreal, and the company recently renewed its production contract in Leamington, Ont. until the end of 2027.Five years later, the company announced it would return to Canada thanks to a joint investment with the Quebec government's business expansion program.

As an Ontario woman put away her China dishes after Christmas Dinner in 2018, she noticed her cabinet doors refused to shut.Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.Newfoundland town on edge as crews search for missing vessel with 7 people aboard

Tiger Woods has made an early exit from the Open Championship, but the US golfer has vowed to be back for the 2025 major. The LCBO has reached a tentative agreement with the union representing approximately 10,000 of its employees, paving the way for stores to reopen as early as Tuesday.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Grocery code of conduct could spur investment, stabilize food prices, president of Kraft Heinz Canada saysSimon Laroche said he’s happy to hear the grocers are on board with the code, and believes it will be a positive thing for consumers and for the industry
Fuente: globebusiness - 🏆 31. / 66 Leer más »

Grocery code could spur investment, stabilize prices: Kraft Heinz Canada presidentA grocery code of conduct could stabilize food prices in the future and encourage more investment in the Canadian food industry, according to the president of Kraft Heinz Canada.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Grocery code could spur investment, stabilize prices: Kraft Heinz Canada presidentTORONTO — A grocery code of conduct could stabilize food prices in the future and encourage more investment in the Canadian food industry, according to the president of Kraft Heinz Canada.
Fuente: SooToday - 🏆 8. / 85 Leer más »