Corporate transparency: Transparency and public reaction can significantly impact corporate decisions, as shown by Loblaws' reversal of a policy after public backlash.
Transparency and public reaction can influence corporate decisions. Last week, the Andrew Carter Morning Show on CJAD 800 broke the news about Loblaws changing their policy without public announcement. The "food professor" Sylvan Charlotte was on the show, discussing the potential implications of this change. When the show received an email from Loblaws about the issue, they decided to make it public, leading to widespread reaction. The controversy grew so large that Loblaws ultimately reversed their decision and kept the policy as it was. This incident highlights the importance of transparency and the power of public opinion in shaping corporate actions.
Price reductions on perishable items: Price reductions on perishable items from 50% to 30% may save companies money but could lead to increased food waste and abandoned items in stores, ultimately affecting consumers
The new policy implemented by Loblaws regarding price reductions on perishable items from 50% to 30% may lead to cost savings for the company, but it could potentially harm consumers and increase food waste. The policy change sets a new industry standard, potentially limiting consumers' expectations and leading to abandoned items being left in stores. Additionally, the issue of consumers abandoning perishable items throughout the store, which results in significant costs for grocers and ultimately consumers, was discussed. It's important for consumers to take the time to bring back perishable items they no longer want instead of abandoning them in the store. This not only helps reduce food waste but also saves costs for both the consumer and the grocer.
Grocery stores reverse pricing change and an easy way to reduce food waste
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