Big Food is coping badly with a confluence of threats. With their unprecedented volume buying power, those unconventional grocers are squeezing the already thin profit margins of their Big Food suppliers. More worrisome for Big Food, those relative newcomers each have more resources than Big Food to develop and heavily promote private-label goods. Culture clashes between entrepreneurial acquisitions and regimented Big Food firms have resulted in more write-downs than success stories. Growing income inequality has stripped Big Food of its traditional high card of premium prices for goods of perceived highest quality and prestige.

Source: thestar May 25, 2018 15:00 UTC