Coopérative U CEO warns on purchasing power threats

Coopérative U CEO Dominique Schelcher said consumer sentiment was deteriorating as rising fuel prices added to household pressures. He warned that higher transport and energy costs could feed into food inflation, while shoppers were already becoming more cautious. Coopérative U is responding with promotions and measures to protect purchasing power, although Schelcher said retailers cannot indefinitely absorb rising costs throughout the supply chain. (Linéaires)