Branded Good Suppliers Increasing Margins

Branded Good Suppliers Increasing Margins

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Original Poster:

8,065 posts

142 months

Wednesday 29th November 2023
quotequote all
"the evidence collected also indicates that three-quarters of branded suppliers in products such as infant formula, baked beans, mayonnaise, and pet food have increased their unit profitability and, in doing so, have contributed to higher food price inflation. "

https://www.heraldscotland.com/news/23955893.highe...

My outrage is limited. If people will pay the price of Heinz beans or whatever when the own label alternative is half the price and just as good hell mend them.

GroundEffect

13,864 posts

162 months

Wednesday 29th November 2023
quotequote all
Of course we knew this. The data has been available for over a year. However plenty (including on here) want to blame pandemic response as the cause for mainly dogmatic reasons.

Companies will push prices up when they think they can get away with it. They had a scapegoat.

Jamescrs

4,778 posts

71 months

Wednesday 29th November 2023
quotequote all
I certainly noticed the unit cost of Heinz products has shot up, soups, beans, sauces etc way beyond inflation. They seem to be on permanent offer now in the supermarkets which brings the cost down significantly and is acceptable again, the promotion has been on for months now so I think they have realised sales were dropping but they keep the offer running rather than reducing the price of a single can.

Rufus Stone

7,645 posts

62 months

Wednesday 29th November 2023
quotequote all
Have they looked into car insurance yet?

Type R Tom

3,985 posts

155 months

Wednesday 29th November 2023
quotequote all
GroundEffect said:
Of course we knew this. The data has been available for over a year. However plenty (including on here) want to blame pandemic response as the cause for mainly dogmatic reasons.

Companies will push prices up when they think they can get away with it. They had a scapegoat.
Many seem to have skin in the game or just simp on rich folk and probably believe in trickle-down economics.

Countdown

41,661 posts

202 months

Wednesday 29th November 2023
quotequote all
That would explain why Heinz Tomato Soup has gone up from 95p to £1.70 eek

Unfortunately I hate the own-brand Tomato Soup and my kid insist on Heinz ketchup.

Lotobear

7,026 posts

134 months

Wednesday 29th November 2023
quotequote all
So true, I was just thinking about this yesterday in Aldi - Hellmans mayo in squeezy bottle £2.69, Bramwells version (which is equal or even better tasting), less than a quid.

Similar with their beans versus Heinz - much nicer and not 25% full of horrid thin sauce, and less than half the price.

It's the consumer who's the mug though for accepting it when there are much cheaper and often better alternatives.

2 sMoKiN bArReLs

30,502 posts

241 months

Wednesday 29th November 2023
quotequote all
Brands are more expensive shock horror! hehe

Who knew?

Biggy Stardust

7,068 posts

50 months

Wednesday 29th November 2023
quotequote all
Countdown said:
That would explain why Heinz Tomato Soup has gone up from 95p to £1.70 eek

Unfortunately I hate the own-brand Tomato Soup and my kid insist on Heinz ketchup.
Own-brand ketchup can easily be transferred into Heinz containers & I'll bet they won't tell the difference.

In my case I went to own-label coke equivalent at literally a quarter of the price & couldn't tell much difference.

2 sMoKiN bArReLs

30,502 posts

241 months

Wednesday 29th November 2023
quotequote all
Biggy Stardust said:
In my case I went to own-label coke equivalent
Dodgy drug dealer brands undercut? Sounds dangerous biggrin

Eric Mc

122,699 posts

271 months

Wednesday 29th November 2023
quotequote all
2 sMoKiN bArReLs said:
Brands are more expensive shock horror! hehe

Who knew?
It's not that. It's the fact that they are refusing to adjust their prices back down even though the cost price of raw materials and transport etc have actually fallen in recent months (Lloyd Grossman - I'm looking at you).

2 sMoKiN bArReLs

30,502 posts

241 months

Wednesday 29th November 2023
quotequote all
Eric Mc said:
2 sMoKiN bArReLs said:
Brands are more expensive shock horror! hehe

Who knew?
It's not that. It's the fact that they are refusing to adjust their prices back down even though the cost price of raw materials and transport etc have actually fallen in recent months (Lloyd Grossman - I'm looking at you).
Surely it's every company's duty to charge as much as they can get away with? If people are still buying the price is correct.

geeks

9,546 posts

145 months

Wednesday 29th November 2023
quotequote all
Some stuff I don't mind but using the mayo example, I prefer Hellmans, I use so little of it that a 2.89 bottle lasts quite a while so I pay premium, if I cant get that mayo I go without :shrug:

Also it cant just be me who like Heinz beans? All the alternatives taste mostly terrible to me.

Hoofy

77,397 posts

288 months

Wednesday 29th November 2023
quotequote all
Rufus Stone said:
Have they looked into car insurance yet?
Isn't that down to the average driver having to cover the cost of those who run EVs and get into accidents?

Lotobear

7,026 posts

134 months

Wednesday 29th November 2023
quotequote all
geeks said:
Some stuff I don't mind but using the mayo example, I prefer Hellmans, I use so little of it that a 2.89 bottle lasts quite a while so I pay premium, if I cant get that mayo I go without :shrug:

Also it cant just be me who like Heinz beans? All the alternatives taste mostly terrible to me.
Mayo is open for debate but, surely, you cannot be serious about Heinz beans - they've been rank for years now with reduction of sugar an ever increasing bulking out of the can with gloopy sauce. Used to be nice, IMO, but utterly horrible now - again IMO!

Evercross

6,254 posts

70 months

Wednesday 29th November 2023
quotequote all
Biggy Stardust said:
In my case I went to own-label coke equivalent at literally a quarter of the price & couldn't tell much difference.
Aldi's Vive Cola ZX is EXACTLY the same product as Pepsi Max.

Rufus Stone

7,645 posts

62 months

Wednesday 29th November 2023
quotequote all
Hoofy said:
Isn't that down to the average driver having to cover the cost of those who run EVs and get into accidents?
I honestly don't know. But everyone I know has seen their premium increase by at least 50% this year. I firmly believe the insurers are profiteering.

geeks

9,546 posts

145 months

Wednesday 29th November 2023
quotequote all
Eric Mc said:
2 sMoKiN bArReLs said:
Brands are more expensive shock horror! hehe

Who knew?
It's not that. It's the fact that they are refusing to adjust their prices back down even though the cost price of raw materials and transport etc have actually fallen in recent months (Lloyd Grossman - I'm looking at you).
Were they required to?

2 sMoKiN bArReLs

30,502 posts

241 months

Wednesday 29th November 2023
quotequote all
geeks said:
Eric Mc said:
2 sMoKiN bArReLs said:
Brands are more expensive shock horror! hehe

Who knew?
It's not that. It's the fact that they are refusing to adjust their prices back down even though the cost price of raw materials and transport etc have actually fallen in recent months (Lloyd Grossman - I'm looking at you).
Were they required to?
Nope biggrin That's why brands exist.

geeks

9,546 posts

145 months

Wednesday 29th November 2023
quotequote all
Lotobear said:
geeks said:
Some stuff I don't mind but using the mayo example, I prefer Hellmans, I use so little of it that a 2.89 bottle lasts quite a while so I pay premium, if I cant get that mayo I go without :shrug:

Also it cant just be me who like Heinz beans? All the alternatives taste mostly terrible to me.
Mayo is open for debate but, surely, you cannot be serious about Heinz beans - they've been rank for years now with reduction of sugar an ever increasing bulking out of the can with gloopy sauce. Used to be nice, IMO, but utterly horrible now - again IMO!
Nope, beanz meanz Heinz bhes!

Also most people on here view the reduction in sugar a good thing, you only have to spend 5 minutes on PH to see the powerfully built directors deriding "fatties" and their food choices hehe