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’…
The pace of food inflation is unmanageable for many
Canada’s Food Price Report 2021 brought some disconcerting news to Canadians. We could see food prices rise by as much as five per cent in 2021, according to the recently-released report. That’s the highest increase ever predicted by the report’s authors, a group of 24 scholars from four universities. For a family of four, the…
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 Trudeau government is raiding our Covid-19 starved pockets to send $36 from each of us to rich dairy farmers
Agriculture and Agri-Food Minister Marie-Claude Bibeau chose a Saturday, hours before a long-awaited federal economic update, to offer more non-COVID-19-related compensation to Canada’s supply-managed farmers. Eighty-one per cent of dairy farmers are located in Quebec and Ontario. Compensation was expected but how it was done was a little strange. Few in the industry knew what…
Loblaws will be able to move food from automated picking facilities multiple times a day to support its online grocery service
Loblaws is partnering with Gatik, an autonomous vehicle provider from the United States, to launch the first autonomous food delivery fleet. This is a solution to the ‘middle mile,’ assuring links between distribution centres and stores. Consumers won’t see autonomous vehicles drive up to their homes yet but that day will surely come soon. These…
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.…
