Smaller retailers may find it challenging to absorb the costs associated with compliance, potentially leading to consolidation in the industry or, in some cases, closures.
In FMI's “Power of Private Brands 2023” report, 53% of consumers said private label offerings are very or extremely important in determining where they shop.
Private label offerings are continuing to benefit from increased adoption during the pandemic and higher grocery prices, according to recent data from FMI - The Food Industry Association.
The FMI research is supported by work done earlier this year by 84.51º, a part of the Kroger Co., in partnership with the Plant Based Foods Association.
Sarah Frey, founder and CEO of Frey Farms, has been appointed a member of the National Agriculture Campaign Advisory Council (NCAC) for Congressman Glenn Thompson, US House Committee on Agriculture Chair.