Will Australian supermarkets make their own milk?
US grocery giant Walmart is opening its own dairy processing plant supplying milk to 500 stores, and perhaps modelling a next-step pathway for Australian supermarkets.
Walmart will take milk at the Indiana plant from 25 farms, produce half-gallon and gallon containers of whole and skim milk products under its private label brand, US reports say.
“It’s our first entry into food production,” Walmart spokeswoman Molly Blakeman told reporters.
Will Australian supermarkets follow suit and invest vertically?
They will need to invest more in processing plants if they wanted a decently reliable supply chain under such terms, particularly after suppliers have taken a battering due to low prices driven by the supermarkets.
The current practice is for Coles and Woolworths to enter a number of 10-year supply agreements with a variety of processors.
Also, Walmart in this case also got about $US4 million in start-up tax credits, partly tied to hiring plans, as well as a $US10.7 million saving over 10 years thanks to further tax abatements, US reports say.
What are Aussie farmers doing to counter price pressures?
A group of Victorian dairy farmers is trying to reclaim bargaining power in a fight for a better milk price by offering processors a collective pool of milk.
The farmers, based in northern Victoria, are concerned about the future of the dairy industry and have decided to act and form a collective bargaining group, United We Stand.
In less than a month, the group has had 85 million litres of milk pledged from more than 40 farmers, who supply the major processors Fonterra and Saputo as well as Australian Consolidated Milk, Tatura and Parmalat.
McDonald’s has announced expansion plans for China, hoping to almost double its presence in the coun...
The rate at which Australians born overseas are purchasing fast moving consumer goods is growing fas...
What a fascinating time to be an observer of Fast Moving Consumer Goods retailing.
The Royal Agricultural Society of NSW (RAS) has crowned its 2019 Sydney Royal Fine Food Show Champi...
Kellogg’s Australia is giving away enough cereal to last a cash-strapped Millennial through the next...
Indika Fernando is assessing thousands of bananas as part of his PhD research into avoiding damage t...
Australian restaurant chain Hog’s Breath has launched a new quick-service dining concept.
The latest Roy Morgan Research has found Australian children are drinking a lot more sweeten drinks ...