3 ways to respond to the new Canadian food and beverage processing landscape
Wednesday, October 30, 2024
Reference: FCC
So much has changed in our food and beverage industry since 2020.
The entire value chain endured a global pandemic and, as an industry, continues to recover. As a result, we need to be responsive to a very different Canadian consumer.
High levels of inflation mean those now shopping for food and beverages are more value conscious. As well, the amount of people purchasing food and beverage products in Canada has changed significantly. According to Statistics Canada, our population increased 7.5% since Q1 of 2020.
Population growth and increased sales
For food and beverage processors, the reality is that total sales grow as the population grows. Although it’s not always a linear relationship, food and beverage sales should increase with the population.Population growth is different by province... Read More
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