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Online food prices jump as food companies struggle to meet demand

from MarketWatch

Online food prices jump as food companies struggle to meet demand MarketWatch Online food prices have climbed 4.2% over the past six months according to the latest Adobe Inc. data as grocery e-commerce accelerated amid the COVID-19 pandemic and food producers struggled to keep up with continued high demand. "We've always thought of the online marketplace as a 'value marketplace' for consumers, meaning consumers can get a bit more bang for their buck, and this is supposed to be a more favorable time of year for them in terms of prices," said Vivek Pandya, digital insights manager at Adobe. "But they aren't getting that relief." READ MORE

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