Food manufacturing lacks investment, suffers from thin margins, faces additional grocers’ fees and must deal with aging facilities
By Sylvain Charlebois and Amy Hill Dalhousie University Canadian food and beverage manufacturing plays a key role in supporting farmers and the rest of the food supply chain. The second largest manufacturing sector, food and beverage, contributed $26.5 billion to Canadian gross domestic product (GDP) in 2020. Just 10 manufacturing sectors – including food manufacturing…
Suggesting humanity got it wrong by eating meat is unsupported by scientific evidence
Protein wars have taken a back seat to the COVID-19 pandemic since March 2020. Most of the attention was obviously given to the virus, variants, vaccines and how to keep safe. That makes sense. But since we’re seeing the light at the end of the tunnel, proteins appear to be back in the spotlight. Just…
Prices will go up by as much as five per cent this year, or almost $700 more for groceries for the year for an average Canadian family
What was purely an academic supposition a few months ago is now actually happening. Along with higher interest rates, inflation is likely to become one of this year’s biggest business stories. And food prices won’t be immune. Many agricultural commodity prices have skyrocketed over last year. Corn is up 84 per cent, soybeans are up…
Spend, spend, spend – that’s the strategy. And green is the colour of choice. The environment is front, left and centre in the latest federal budget. Everybody is getting something to get more environmentally focused – well, almost everybody. While taxpayers won’t get a break any time soon, the federal government’s footprint in our economy…
The two necessities in life are food and shelter. It looks like both are getting much more expensive. For a few years, the cost of food has been the most important food affordability barrier. Not anymore. The cost of housing is now seen by Canadians as the most significant barrier. A recent poll conducted by…
Global taxation schemes always stall because fiscal policies are seen as ways for governments to influence their economies
Nobody wants to hear about higher taxes. It’s an unpopular and counterintuitive notion to those who believe taxation is a call of death for economies looking for growth. But the world is different now, which is why United States Treasury Secretary Janet Yellen’s call for a minimum corporate tax to stop the so-called race to…
While food prices continue to climb in Canada, grocers’ fees, in addition to low margins, haven’t helped manufacturers benefit
Many Canadians are oblivious to the fact that, in the food industry, suppliers need to pay grocers to conduct business. Fees were justified by merchandising costs and shelf space – things anyone would expect. But in recent years, things changed. Companies like Loblaws, Walmart and Metro used infrastructure and capital projects to justify new fees.…
Most Canadians wouldn’t know that a lot of the innovation we’ve seen in food retailing in Canada has come from independents
Most of us wouldn’t know if we were in an independently owned and operated grocery store unless a notice is posted somewhere as you enter the store or you ask someone. Canada regularly loses an independent grocer these days. Last week, we learned that Empire (Sobeys) would purchase one of Canada’s top premium independent grocers,…
McCain Foods ups the ante in TruLeaf Sustainable Agriculture
We learned recently that McCain Foods has upped the ante in TruLeaf Sustainable Agriculture and its wholly-owned subsidiary GoodLeaf Farms, Canada’s largest commercial vertical farming operation. McCain has invested $65 million in GoodLeaf, making it the single largest shareholder in the venture. The idea is to create a national network of sustainable vertical farms that…
Canada’s food service industry has suffered. But the pandemic may be exactly what it has been waiting for to make things better
It was certainly a year to be forgotten for the food service industry. Statistics Canada numbers told us this week that food service sales dropped a whopping 32 per cent from the fourth quarter of 2019 to the same period in 2020. The food retail/service ratio, a key metric to assess how important food service…
By Sylvain Charlebois and Amy Hill Dalhousie University Canadian food and beverage manufacturing plays a key role in supporting farmers and the rest of the food supply chain. The second largest manufacturing sector, food and beverage, contributed $26.5 billion to Canadian gross domestic product (GDP) in 2020. Just 10 manufacturing sectors – including food manufacturing…
