EuroCommerce Director Provides Update on Sustainability Goals

Today’s difficult macroeconomic environment has resulted in a triple squeeze for the retail and wholesale sector: higher operating and product sourcing costs, as well as depressed consumer purchasing power. Christel Delberghe, Director General of EuroCommerce, explains what it means to be the voice of the retail and wholesale sector across Europe. Delberghe highlights strategies currently coming out of the European institutions that will impact the future of the industry. The energy crisis, digitalization, sustainability – and private label – are among the topics discussed. CLICK HERE FOR FULL INTERVIEW. Click here to download video.

Private Label Sales in Europe Grow to €302 Billion

Private label sales in Europe grew to a total of €302 billion in 2022, reaching a value share of 37% of the total global market. Judith Kolenburg has the latest sales figures compiled by NielsenIQ for PLMA’s 2023 International Private Label Yearbook. Kolenburg’s report includes country-specific data, as well as fast-growing categories. In other news, Hans Kraak provides an update on the European Commission’s efforts to regulate front-of-pack labelling. Click here to download video.

Value-Conscious Shoppers Add to Private Label Growth

Europeans remain budget-squeezed, with 60% saying that budgeting is an important factor in their lives, according to GfK research. This means consumers will continue to focus on value-for-money, creating further private label sales growth, per GfK’s Dr. Marc Knuff, Global Retail Director, and Servé Muijres, Retail Consultant Shopper. In these uncertain times, Dr. Knuff and Muijres encourage cooperation throughout the supply chain, data capitalization and clear private label positioning. Retailers and manufacturers need to think about shoppers’ most important needs to anticipate behavior changes in the FMCG. CLICK HERE FOR FULL INTERVIEW. Click here to download video.