Rising costs threaten viability of Australia’s food and grocery supply chain

5 November 2024 – Australia’s peak body representing food and grocery manufacturers is raising concerns over mounting cost pressures on the food industry in its response to the ACCC’s Interim Report for its inquiry into supermarket pricing.Recent data shows that rising costs are eroding industry profits. Although some costs, including some commodities, energy, and shipping have slightly moderated, they continue to be above pre-COVID levels and other costs ar