Daily Newsletter

08 January 2024

Daily Newsletter

08 January 2024

Carrefour halts PepsiCo items in four EU nations over price increases 

The standoff is seen as an example of the rising tensions between grocery retailers and suppliers.

Jangoulun Singsit January 05 2024

French supermarket chain Carrefour has ceased the sale of PepsiCo products at its stores in four EU countries over price hikes. 

The decision affects more than 9,000 Carrefour stores, which represents a significant portion of the company’s global footprint of 14,348 stores, as per its 2022 annual report. 

PepsiCo's products such as Pepsi, Cheetos, Lay's, and Doritos will no longer be available in the retailer’s stores in France, Italy, Spain, and Belgium.  

The retailer is claiming 'unacceptable price increases' from the US food and beverage conglomerate, Reuters reported, citing a spokesperson of Carrefour. 

In October 2023, PepsiCo announced its plans for 'modest' price increases, citing sustained demand that allowed the company to raise its profit forecast for 2023 for the third consecutive time.  

In response to Carrefour's decision, PepsiCo released a statement saying: "We've been in discussion with Carrefour for many months and we will continue to engage in good faith in order to try to ensure that our products are available.” 

Despite these ongoing talks, some PepsiCo products such as Cheetos and 7Up were already found missing from the shelves of a Carrefour store in Paris, France, indicating the immediate impact of the dispute. 

The standoff between Carrefour and PepsiCo is the latest example of tensions between grocery retailers and suppliers amid rising inflation.  

Last month, the Competition Authority of Kenya penalised Majid al Futtaim, the local Carrefour franchise holder, for abusing buyer power over suppliers

Top Themes in Retail and Apparel in 2024

While AI has been used by retailers for some time for tasks such as inventory management and forecasting, GlobalData expects its implementation to accelerate in the coming years, especially in areas such as personalized marketing, customer service, price optimization and supply chain management.

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