How Is the Cost-of-Living Crisis Affecting the Food Industry
With economic uncertainty, housing costs and inflation a continued concern, consumers are becoming increasingly cost-conscious. Streamlining budgets and reallocating spend to essentials is a notable trend. Saving is at a ten-year low, with rates of less than 5%. This financial pressure affects consumer spending behavior, with Deloitte’s financial August 2024 well-being index dropping to 99.3. […]