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Product restrictions reintroduced in Victoria on panic buying fears

Purchase limits have been reintroduced on pantry staple products in Victorian supermarkets as new cases of COVID-19 spark fears of more panic buying. Victoria is in the midst of a new wave of virus cases, many of which have arisen from community transmissions. The state recorded 20 new cases yesterday and one death and fears

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Woolworths to cut jobs in move to automated distribution centres

Woolworths has announced it will slash more than 1,300 jobs as it transitions into automated distribution centres. The grocery company has announced they will close two existing facilities in Sydney’s Yennora and Minchinbury and Melbourne’s Mulgrave centre, which will be replaced by two new automated distribution centres in Sydney’s Moorebank Logistics Park. Moorebank was chosen

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New tech partnership uses shoppers to drive brand performance

Shoppers are proving to be the latest tool for companies to keep track of their in-store stock in real-time. Singapore based computer vision solutions and retail analytics company Trax has partnered with Australian crowdsourcing platform Snooper to provide consumer packaged goods brands instant insights via a network of more than 75,000 shoppers. Among the brands

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IRI Australia’s overview of COVID-19’s impact on FMCG

  IRI Australia have painted a dire picture of the economic impact of COVID-19 on the Australian economy. According to their COVID-19: Impact on the Australian FMCG Landscape report, the virus has shaken consumer confidence. The research company said global economic growth was already at a significant low of just 2.1% – the lowest level

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Coles, Woolworths record huge Q3 results on back of panic buying

COVID-19 has handed Coles and Woolworths a stellar third quarter. The panic buying that left supermarket shelves bare has had an upside for both grocery rivals. Coles saw sales revenue rise 12.9% overall, up by $9.2 billion compared to this time last year. Their grocery sales were particularly positive, with an increase of 13.1% to

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7-Eleven to work with franchisees on closures amid COVID-19

7-Eleven has been granted interim approval to work with franchisees to reduce trading hours or close stores amid a drop in customer demand due to COVID-19. The ACCC approved the move last week, as 7-Eleven own and operating stores in competition with its franchisees in some areas. ACCC chair Rod Sims said the move was

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