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Independent grocers adjusting to fuel surcharges from suppliers
Suppliers are adding 10% to 15% surcharges as gas costs rise about 25% month-to-month, squeezing already thin margins, grocers said.
- Rising fuel costs driven by supply constraints at the Strait of Hormuz are hitting independent grocers with new delivery surcharges, Gary Sands, a senior vice-president at the Canadian Federation of Independent Grocers, reports.
- Gas prices have surged about 25 per cent month-to-month, squeezing already-narrow margins that independent grocers typically operate on at roughly two per cent versus large-scale chains at 3.5 per cent.
- Giancarlo Trimarchi, president of Vince's Market, reports paying $15 to $50 per truckload in surcharges; frequent orders to manage smaller back rooms "becomes a larger proportional cost on the goods," he said.
- Shipment delays of up to a week affect rural stores like Tignish Co-operative Association Ltd., as general manager Darren MacKinnon says, "The last point of contact is the difficulty in finding carriers."
- While grocers currently absorb rising costs, they may pass them to consumers by month-end; the federal government's 20-week fuel tax pause kicking in on Monday is expected to save consumers 10 cents per litre on regular gasoline.
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The Toronto Star+26 Reposted by 26 other sources
Independent grocers adjusting to fuel surcharges from suppliers
A few weeks into the war in Iran, an Ontario-based grocer started receiving surcharge letters from its suppliers stating that delivery costs would be going up.
·Toronto, Canada
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Independent grocers adjusting to fuel surcharges from suppliers – 105.9 The Region
A few weeks into the war in Iran, an Ontario-based grocer started receiving surcharge letters from its suppliers stating that delivery costs would be going up. It was not an exorbitant amount; somewhere between $15 to $50 for a truckload, said Giancarlo Trimarchi, president of Vince’s Market, a family-owned grocery chain with four locations north of Toronto. But that quickly adds up, he said. “Smaller grocers like us often have smaller orders be…
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Total News Sources28
Leaning Left23Leaning Right0Center1Last UpdatedBias Distribution96% Left
Bias Distribution
- 96% of the sources lean Left
96% Left
L 96%
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