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RETAIL WORLD SEPTEMBER ISSUE OUT NOW The vital role of the $163 billion food and grocery manufacturing industry The Australian Food and Grocery Council is calling on the federal government to back the industry by implementing tax incentives for food and grocery manufacturing to be globally competitive. The call follows the release of AFGC’s annual industry snapshot for 2022/23, which highlights the vital role the food and grocery manufacturing industry plays in Australia’s economy, employment, and every household. Turnover, or the value of the sector, increased by 11.6 per cent to $163 billion, reflecting strong demand from a year of record immigration and increased wholesale prices. By leveraging its private-label products and targeted promotions, SPAR has sustained food sales amid inflation, reinforcing its competitive position in the market. “By emphasising customer convenience and value, SPAR has carved out a niche in the crowded market, providing significant competition in its operational areas,” SPAR Australia Managing Director Lou Jardin said in an exclusive interview with Retail World. Mintel’s Global New Product Database (GNPD) shows that for the first five months of 2024, just 35 per cent of global CPG launches (ie, across food, drink, household, health, beauty, personal care and pet care) are genuinely new products. Changes to Australia’s privacy laws are due to be tabled in draft form in the federal parliament. According to Fifth Dimension Consulting, one of the key themes of the new legislation is that it aims to better inform consumers of their rights around how their personal information and consumption behaviour is collected and used by organisations, from small businesses through to major companies and government departments. Read more in Retail World September issue here: https://lnkd.in/g4Frdqe8 Retail World Magazine Lorna Gloria Nicholas Rider Hailey Settineri Lachlan Dobbins Belinda Bollen Tina Cooper Kathy Almer Katrina Crawford The Distributors Fyna Foods Australia Pty Ltd Consult Group Retail Global SIAL Paris Coca-Cola Europacific Partners Diego's Authentic Foods Golden Falafel ARECO H2coco Pty Ltd LeVeL Beverages Potato Utopia Lenard's Zummo Retail Express Harris Farm Markets SPAR Australia Ltd Mintel Bird & Bird Gladwin Legal Activate Group Australia Strikeforce AMC PLAY Fifth Dimension Research and Consulting Zendesk Trustwave RELEX Solutions