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.…
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…
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…
Most of us want to pay more for locally-grown food and will say so, but few actively look for opportunities to do so
Prior to the COVID-19 pandemic disrupting supply chains and impacting purchasing habits, our relationship with food was different. The pandemic has pushed governments to consider food autonomy as a priority and to look more at local supply chains. Discussions are about producing food in Canada, year-round, while offering products to consumers at reasonable prices, especially…
Governments tend to forget about consumers when managing supply. Open trade to more cheese and challenge our farmers
Cheese heads – it’s what Canadians are called in many of the United States border regions. It’s because when many Canadians visit their American neighbours, they head straight to the nearest supermarket and buy cheese – and milk and eggs. Dairy and eggs are much more expensive in Canada than in the U.S., even when…
Statistics Canada's recent September job market data is reassuring, overall. But for the agri-food sector, the reality is quite different. Overall, employment in the country increased in September, creating 378,000 jobs, the majority of which were full-time. This increase in September brought total employment to 720,000, shy of the level we had before the pandemic.…
Canada depends on imports for fruits and vegetables. We need to think differently about how we feed ourselves during cold months
California is on fire. Although most of the fire-affected territory has nothing to do with agriculture, the smoke is so intense that it could damage many crops. And as fall approaches, the California fires could affect Canada’s food supply for the coming months. Like the labour issues affecting Canadian farmers this summer, this is certainly…
Food manufacturing in Canada is dying a slow death. The sector has lost 12 jobs a day every day since 2012. This won’t help
Consumers got a glimpse of how food supply chains work – or don’t – at the beginning of the COVID-19 pandemic. Now Walmart is giving them a chilling new perspective. The sight of empty shelves in grocery stores is certainly a strong indicator at the retail level that something is amiss upstream. Reasons at the…
As the COVID-19 crisis has shown, open borders mean diseases travel more rapidly and supply chains are endangered
Pope Francis recently praised attachment to one’s own culture and place. He criticized global capitalism with its “consumerist vision of human beings” for its “levelling effect on cultures, diminishing the immense variety which is the heritage of all humanity.” But in Canada, nationalism – the idea that one should have particular regard for one’s own…
COVID-19 makes it painfully obvious that agriculture is largely misunderstood by the urban-centric Trudeau government
We always needed farmers. Now, with COVID-19, they need us. Farming needs real help, right now. Plenty of attention has been given to the foreign workers program in recent weeks. The federal government and the provinces have done the best they could to mitigate the situation. But that was just the beginning. For farmers, 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.…
