Forty-eight percent of respondents in a recent survey said they were moving away from sustainable brands and products because of the current rising prices.
Analyzing factors like brand strength, revenue and royalty rates to determine brand value, Brand Finance’s annual report has consistently ranked Nestle No. 1 since it was first published in 2015.
Consumer concerns have evolved over the past five years, going from mainly wanting to know what’s in a product to taking a more holistic view, additionally wanting to know how the product affects the planet, animals and consumers’ health.
Online food and beverage retail sales, which includes instore pickup, curbside delivery and at-home delivery, tracked by Euromonitor International, reached $76 billion in 2022, and the market researcher predicts online grocery will be the largest source of growth for food and beverages in the United States in the future.
Walmart Inc. announced changes to its executive team, including the appointment of Kathryn McLay as the new president and chief executive officer of Walmart International, effective Sept. 11.