Couche-Tard has a reputation of generating value by polishing hidden gems in companies like Carrefour
We heard this week that Alimentation Couche-Tard is looking at acquiring European-based Carrefour, the seventh largest food retailer in the world. Buying a grocery chain would be a significant departure from what Couche-Tard is known for. A non-binding, friendly offer of $25 billion was sent to Carrefour. Couche-Tard is all about the convenience store economy.…
Many consumers are revisiting their relationship with animal proteins, both at the meat counter and in the dairy products section
Think plant protein is just a passing fad? Think again. You likely noticed that the plant-based counter at your favourite grocery store is growing. There’s good reason: people are buying. Despite the COVID-19 pandemic and the chaos surrounding containment and vaccination rules, consumers are quietly enjoying products made from plant proteins and milk alternatives. According…
No thought as to how it could put many Canadian families in a state of food insecurity by 2030
COVID-19 has had an impact on Canada’s food industry but, over time, resilience will prevail. However, the federal government’s pre-holiday announcement that it will increase the carbon tax to $170 per tonne by 2030 will have a long-term impact on consumers. Climate change is a real and significant problem. We need to act quickly, and…
COVID-19 has made us realize that many people whose jobs are too important to be interrupted are the ones earning the least money
Almost everyone agrees that grocery store workers should earn better wages, especially during a pandemic. In Canada, their hourly rate hovers around $15 an hour. New hires get about $13 an hour, while the highest paid earn almost $50,000 annually, or about $25 an hour. In a high-volume, low-margin world, salaries are what they are.…
The pet economy represents tremendous growth potential for the food service industry. Pets are already influencing the market
According to a recent report by Narrative Research, 18 per cent of Canadians say they got a new pet since the start of the pandemic. That means more than 6.8 million pets were adopted since March. That can be added to the more than 16 million cats and dogs Canadians had in 2019, prior to…
From lab-grown meat to grocery store staff bonuses to the food-service crisis to gardening and cooking at home to panic buying
The year 2020 was as unusual as they get, with no shortage of stories. Some flew under the radar because of the pandemic but this list is based on how some food-related stories will probably have long-term implications, whether they were related to COVID-19 or not. At No. 10, the apparent end of Tim Hortons’…
If livestock farmers were threatened by the plant-based revolution, they haven’t seen anything yet
For thousands of years, humans have had to kill animals to eat meat. This is no longer the case – at least in Singapore. Cultured meat is now legal in the city-state. The Singapore Food Agency has approved chicken nuggets from a San Francisco-based company called Eat Just, which is known for its cultured meat.…
The food industry is in a much better position going into a second phase of lockdowns. But some risks remain
Many Canadian regions will likely go through a second COVID-19 lockdown soon. And questions about the resiliency of our food supply chain are emerging again. With potentially 60,000 new COVID-19 national cases a day within weeks, it seems inevitable. Further lockdowns could well include even the Atlantic bubble. The COVID-19 virus knows no borders and…
One of the most bizarre food stories of the year, other than the panic buying we witnessed in the spring, is this quasi-divorce between McDonald’s and Beyond Meat. When McDonald’s Restaurants recently announced its new McPlant products will be rolled out in 2021, Beyond Meat, which had been working with the fast-food chain, wasn’t even…
Major grocers are off-loading in-store and digital operations costs unto suppliers
Major Canadian grocers in Canada are at it again. After Walmart and Metro, it was Loblaw’s turn to make changes to its vendor policies, implementing new fees to support a $6-billion plan to improve its in-store and digital operations. A letter written by Loblaw Companies president Sarah Davis was leaked to the media. Over the…
We heard this week that Alimentation Couche-Tard is looking at acquiring European-based Carrefour, the seventh largest food retailer in the world. Buying a grocery chain would be a significant departure from what Couche-Tard is known for. A non-binding, friendly offer of $25 billion was sent to Carrefour. Couche-Tard is all about the convenience store economy.…
