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Interesting sign of consolidation in the Saudi grocery market?

PM Albanese signals potential intervention in supermarket pricing, with four reviews including an ACCC inquiry ongoing. Supermarkets urged to "do the right thing" amid public pressure and profitability scrutiny, with profits exceeding $1bn last financial year. Nationals leader proposes laws for supermarkets to sell chains to competitors to enhance competition. Politicians emphasize the need for market share examination and advocate for increased competition to lower prices. Follow Outback Briefs to stay up to date with Australian Business News! #australia #australianews #businessnews #albanese #albo #supermarketpricing #coles #woolworths

Customers across the UK can experience more of Australia's premium products than ever before, including Yarra Valley Caviar’s salmon and trout roe.🐟🍽️ The removal of tariffs on most seafood, including the 20% tariff on salmon and trout roe — after the Australia-UK Free Trade Agreement (A-UKFTA) came into force in 2023 — has enabled Australia’s premium, unique offerings to be more competitive in the market. Yarra Valley saw its official ‘first-in-Europe’ retail launch in London’s Harrods this year, and its sustainably grown roe varieties are now available for delivery via online fine food retailer Fine & Wild. 🛒 Learn more about how the #AUKFTA accelerated Yarra Valley's commercial success in the UK: https://ow.ly/87Mv50SqyFs

Good opportunity for our Fijian exporters or businesses that are becoming export ready in the F&B sector. This webinar will provide an understanding on how you can enter your products and potentially tap into the New Zealand market. Please use the link to register.

Canada's industry minister is considering a dozen foreign grocery companies as potential entrants to the domestic food-retailing sector. The move is aimed at increasing competition and reducing the high prices Canadians pay for groceries. The list of possible entrants includes companies from the U.S., Germany, Turkey, Portugal, Spain, France, Norway, and Russia. According to the federal government's annual budget plan, released this week, food prices in Canada have risen by about 23% since just prior to the pandemic. The companies on the list include: 1) Grocery Outlet Aldi, 2) Lidl-owner Schwarz Group, 3) Edeka Group, 4) Rewe Group, 5) Les Mousquetaires, 6) Jerónimo Martins, Distribuidora Internacional de Alimentación, 7) Mercadona, 8) Reitangruppen, 9) X5 Retail Group, and 10) BIM Birlesik Magazalar. #Canada #GroceryIndustry #Competition Source: WSJ

Prime Minister Anthony Albanese supports the introduction of a new supermarket chain to challenge the Coles & Woolworths duopoly, aiming to enhance competition and lower prices. In response to Senate inquiries into "price gouging" during the cost-of-living crisis, Albanese highlights the need for measures to facilitate market entry for new players. While ruling out the breakup of Coles and Woolworths, the government is exploring regulatory changes to encourage competition, including addressing land banking practices that hinder new supermarkets. Follow Outback Briefs to stay up to date with Australian Business News! #australia #australianews #businessnews #albanese #duopoly #coles #woolworths #pricegouging

Competition Is a Good Thing If you’re running a business with your own capital, especially in light of the government’s 2024 budget announcement, managing costs and balancing revenue and expenses is crucial. In a fiercely competitive market where Habanos and other distributors are raising prices, and where Tesco, M&S, petrol stations, kiosks, and new agents are also selling cigars and cigarillos, lowering prices isn’t a wise strategy. A solid plan for the next quarter is what will set you apart in this challenging landscape. #CigarIndustry #CompetitiveEdge #SmartBusiness #CigarLifestyle #LuxuryCigars #BusinessStrategy

Aldi UK to invest £3bn in British beef 👏 The UK's largest retailer of British beef has revealed plans to invest £3 billion over the next five years as part of its ongoing commitment to championing Great British quality. Aldi hopes the investment will enable farmers to plan more confidently, provide security for supply chains across the UK, and enhance the range and quality of beef available to customers. It includes a five-year contract with supply partner, Kepak Group, involving a £260m investment into its line of Aberdeen Angus beef. Managing Director of Buying at Aldi UK, Julie Ashfield, commented: "As the UK’s largest British beef retailer, we’re proud of our long-term relationships with British farmers across the country." “The UK farming community plays a vital role in our food supply chains – our continued investment in British beef is in recognition of this and means we can continue to provide the best quality British products for our customers.” #News #Food #British #Beef #Investment #SupplyChain #Growth

Going Global from Local: Have you noticed the rise of small stores offering niche products from global/foreign suppliers? If you are in Harare, you may have seen that new and upcoming food stores are opening with a wide range of products from suppliers like Woolworths etc. If you have a chance to service a niche market, go for it! #businessideas #entreprenuership #nichemarkets #customerservice

We're doing some work for a client to see if their products are available in specific markets and, if so, where they are coming from. Parallel trade can be a funny thing: the more fragmented a market, the less likely it is that distance (km travelled, or even cultural distance) shapes route to market. This store in Garowe, Somalia was photographed for our Retail Safari trade insight tool last month, not a client project. It shows nicely how fragmented retail landscapes lead to seemingly unusual sourcing, like this: Kellogg's and Weetabix breakfast cereals bought via UK cash and carry. Mixed containers sourced via the UK, France, the Netherlands or Dubai are huge business, especially for premium and in-demand brands in categories such as snacks, cereals, confectionery and energy drinks. This is what we call "leaky distribution" because it shows up the gaps/opportunities in a brand's distribution. Leaky distribution is big business. Sometimes those gaps are intentional: for around ten markets in Africa, ad hoc trading and embracing parallel trade is normal, even for big brands. The effort required to service these markets, like Somalia, may not be worth the return. Traders are building the brand for you. In other markets, leaky distribution is a sign of a distribution barrier, pricing or portfolio problem. Buyers can be remarkably sophisticated and won't wait for a company to come to terms with a poor route to market strategy if there is money to be made. Occasionally, it signals a sales strategy problem: it requires considerable discipline to cut off a flow of parallel trade that has been developed by one commercial team at the expense of another. The underlying question - frequently not asked in enough depth - is this: is your organisation's commercial strategy fit for market? This is not one question for 54 markets. It's 54 questions. #fmcg #africa #paralleltrade #distribution #retail