Small grocers raise concerns about industry imbalance amid fuel-related price hikes
Independent grocers are expressing concerns over rising supplier costs linked to fuel price increases. Major grocery chains are able to resist some of these price hikes, leaving smaller stores to bear the burden. The situation is exacerbated by the ongoing conflict in the Middle East, which has disrupted global oil supplies.
- ▪Independent grocers lack the leverage of major chains to negotiate against supplier price increases.
- ▪Suppliers like Maple Leaf Foods and Unilever are implementing fuel surcharges due to rising energy costs.
- ▪Independent store owners fear that price increases will disproportionately affect them compared to larger grocery chains.
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Open this photo in gallery:Independent grocers say they lack the leverage of major chains, which have been pushing back on some supplier price increases and added costs.Chris Young/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFor independent grocery store owner Yousef Traya, understanding the financial pressures that are pushing his suppliers to hike prices on products he sells is as simple as pulling up to the gas pump. “We’re all feeling it,” said the owner of Bridgeland Market in Calgary. “Being in the business of groceries, everything comes on a truck, or on a ship or plane.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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