Consumer goods companies on rising prices, shopper behavior

With prices rising, consumer goods companies watch shopper shifts

With costs for raw materials and fuel still going up, leading CPG companies continued to pass through price increases to consumers in the second quarter. On earnings calls over the last week, there were some observed signs that shoppers are starting to adjust to save money as a result, such as less eating out and more grocery shopping. Here’s a look at what companies are seeing in the macro environment, and at the consumer level.

Walmart hawks refurbished goods to inflation-squeezed shoppers

Walmart Restored is a new program that’s offering “like-new” goods from brands including Apple, Samsung and KitchenAid through ecommerce. With more cost pressure on households, the retailer is seeing rising interest in refurbished items.

Inflation's rise is still at 40-year highs, the Fed's preferred rate says

On Friday, the PCE inflation rate showed a new 40-year high for June, while consumer spending rose 1.1% over May. Meanwhile, consumer sentiment remained near all-time lows for July, according to the University of Michigan.

How data sharing addresses supply chain issues and opens up new opportunities

Data sharing is more important now than it was before the pandemic, brands and retailers told NielsenIQ and Coresight Research in a new report. The practice has increased visibility amid supply chain challenges, while leading the way to data monetization that further helped their businesses.

The Week Ahead: Earnings from Clorox, Kellogg, Wayfair; jobs report

While it’s a quieter week on the conference front, there are still opportunities to learn from fresh data and observations shared on earnings calls and in government reports. Check out what we’re tracking as August begins.

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