gedaliyah@lemmy.world to Lemmy Shitpost@lemmy.world · 4 months agoCasual reminderlemmy.worldimagemessage-square84fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1imageCasual reminderlemmy.worldgedaliyah@lemmy.world to Lemmy Shitpost@lemmy.world · 4 months agomessage-square84fedilink
minus-squareoctopus_ink@lemmy.mllinkfedilinkEnglisharrow-up0·edit-24 months ago Supply chain constraints were industry wide, and when the order expired, prices went up far past standard inflation. Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links: https://dailymontanan.com/2024/03/27/trade-watchdog-big-retailers-used-supply-chain-problems-to-inflate-grocery-costs/ https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html https://news.harvard.edu/gazette/story/2023/07/retailers-have-been-cutting-costs-so-why-are-prices-still-so-high/ Great quote from that Harvard one: HBS research suggests firms have held off lowering them because it appears consumers got used to paying more The FTC report that is the basis for the first three links above: https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions And don’t get me started on shrinkflation.
Just a reminder to folks emphasizing that retailers used that as cover for corporate greed, and a lot of it was lies. Various links:
https://dailymontanan.com/2024/03/27/trade-watchdog-big-retailers-used-supply-chain-problems-to-inflate-grocery-costs/
https://www.nytimes.com/2024/03/21/us/politics/grocery-prices-pandemic-ftc.html
https://news.harvard.edu/gazette/story/2023/07/retailers-have-been-cutting-costs-so-why-are-prices-still-so-high/
Great quote from that Harvard one:
The FTC report that is the basis for the first three links above: https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-releases-report-grocery-supply-chain-disruptions
And don’t get me started on shrinkflation.