Hello, dear reader,
German discount powerhouse Aldi has set a date for its Chinese entry. Amazon makes a huge commitment to renewable energy by investing into solar panels worldwide. US retailer Kroger posted an unexpected decline, and Austrian students have their say on how the supermarket of the future should look like. Enjoy the read and have a great weekend.
British supermarket operator Asda is imposing harsher payment terms on its clothing contractors as it attempts to turn the business around, while Russia's X5 Retail Group (paywall) has asked its suppliers to reduce purchase prices by 10%, pointing out that the request is caused by the strengthening of the rouble.
Partnerships in Italy
Carrefour Italy has chosen refrigeration supplier Rivacold as its main partner for the development of its refrigeration plant in Turin, and Coop Italia has signed an agreement with the Milan Center for Food Law and Policy to promote best practices to eliminate the exploitation of labour in agriculture.
USA & Canada
Idaho-based grocer Albertsons follows the footsteps of Ahold Delhaize and has partnered with online platform RangeMe to streamline product sourcing. In a bid to enhance shopping experience, family-owned supermarket chain Meijer plans to spend more than US$ 375 million in 7 new supercentres and 22 remodel projects.
What to watch
Cutting advertising costs
The British FMCG industry is saving on marketing instead of lowering prices, hitting the income of media groups. TV network ITV reported a 6% decline in ad revenue for the first four months of 2017.
And the winner is ...
Ferrero. The Italian confectionery giant is the world’s most reputable company in the food industry, according to the 2017 Global RepTrak 100. Based on over 170,000 collected ratings, the survey is the largest corporate reputation study of its kind.