Fabiana Fakhoury’s Post

Its 2024 and I think this election cycle is going to be 🔥 🔥 🔥 Inflation is here has been here and isn't going anywhere. We are going to hear a lot about it the coming months. I thought this article was a pretty good snap shot of what we all know. It will be interesting to hear how it is talked about in the 2024 election news cycle. This relatively quick shift in #laborcosts and cost of good sold has far reaching impacts. A lot of losers and some winners too. #inflation #shrinkflation #food #foodandbeverageindustry #consolidation https://lnkd.in/gr3SYHt3

Good read in today’s The Currency from Brody Sweeney 📑 Brody points out the structural (policy) defects that are eroding the stability of Hospitality industry. Tl;dr - when inflation driven input cost increases like food and energy are coupled with government induced wage, benefit and VAT increases you are left with operating margins that are too thin. Add to that, the majority of the population feeling a very real reduction of purchasing power due to last few years of hyper inflation, the industry is being hit from top and bottom. Basic economics shows a consumer demand curve flattening when interest rates are higher, the goal of rising interest rates is to contract an over heated economy. The policy cost increases are forcing operators to increase topline prices to remain profitable in an environment where consumers can’t afford to take them. This math was never going to work. Articles like Brody’s often get blustered off as an industry being greedy or price gouging. This is not the case. Nory works with ~1k restaurants across UK and Ireland and we can see the data. Margins are much lower than pre - pandemic. Government policy needs to be dynamic in the face of changing economic environments. It’s like running a business, there is no one size fits all solution to challenges you face across your organisation. If you threw out blanket solutions to each pillar of your business and moved a glacial pace when they weren’t working, you wouldn’t get very far. #hospitality #industry

Credit unions share a commitment to helping members manage and save their money, especially when dealing with inflation and the high cost of living. Last week, Assiniboine Credit Union posted a blog sharing “five way you can save on everyday purchases. Read the blog here to learn more: https://shorturl.at/cluQV #canadacreditunions #budgeting

SUPERMARKETS and cafés and restaurants can expect a bump in spending with the introduction of the stage three tax cuts, according to Deloitte Access Economics, which is expecting an as-yet elusive retail recovery to emerge later this year. #retailsales #costofliving #inflation

https://lnkd.in/guuWQKZQ Looking at the BOGO sales - only the grocer doubled the full price of one item to make up for the deceptive free one. Bring home the bacon $11.29 +tax. This is why nothing has been regulated, who receives the tax produce seeds (proceeds) all the way through the supply chain economy. 'Sow' let's 'due' nothing because it is working for who? Don't even try to improve, tweak, or banish price fixing and gouging across the economic markets including housing. Pundits weighing in how the new administration will fail in everything they propose, and adversaries have already lined up to hamstring and bean counter everything. 'Sow' much for United States Together for the People "b-s". Where is Represent the American citizens Prosperity thingy? 'Unfortunately' most all of this could be alleviated or avoided altogether by ..... abiding by the laws, decorum, compromise for the American citizens you represent for a slice of the American pie.

The Competititon Bureau is on the right path here: stop large grocers from using restrictive covenants to prevent competition (eg, other food retailers) from opening on land or property they control. This is how we create more competition in the grocery sector (ie, help lower prices). NDP proposals to tax excessive profits are absurd, as grocers will just increase prices further to cover any new tax.

Here are 10 ways to reduce your monthly grocery bill and help you save money. https://bit.ly/3xv19ZO #budget #money #grocerybill #monthlybudget #moneymanagement #spending #savings

This is a good read in regards to the current narrative on "Price Gouging". In other words what did we expect to happen with mandated higher minimum wages? Higher energy costs? And fewer people engaged in the workforce? https://lnkd.in/gVwDBqzy

This Senate enquiry on "price gouging" has piqued my interest. While it's not illegal, it's still a controversial practice. It's interesting to note that petrol prices skyrocket during school holidays, and airlines and hotels tend to hike their prices during peak events like the AFL Grand Final. And let's not forget about government contracts that continuously blow out post-tender submissions. If the government is serious about addressing price gouging, perhaps they should take a more wholistic look and indeed look at themselves. By the same token specific to the enquiry I have a problem with the government and retail businesses telling another business what they can charge for a product or service. Surley it is up to the brand owner and the retailer to manage their own profit structures, if it is too high then consumers will choose other options. It seems to me that the real issue is more about ensuring there is enough open competition in the maketplace. What are your thoughts on this issue? #PriceGouging #SenateEnquiry #GovernmentContracts #FairPricing

The runaway effect of government intervention on inflation in action. As costs rise, wages have to keep up, but small businesses can't afford to increase wages. These businesses are forced to shut down and private sector jobs are lost. Vote buying politicians then promise more government jobs or artificially inflated wages. According to this article: "Costs will only increase at the end of the month, as B.C.’s minimum wage is set to rise by 3.9 per cent, to $17.40, from $16.75, on June 1. The Canadian Federation of Independent Business released a report this morning saying that if the B.C. government were to mandate a $20 “living wage,” it would put up to 75,500 small businesses at risk of becoming unprofitable – something that would prompt business closures." It's time for change. Less regulation, lower taxes, smaller government, and better paying private sector jobs will follow. https://lnkd.in/dqdp5Z4T