"Retail" News Archive

A proposed delay to the European Union's landmark deforestation regulation has stirred up significant uncertainty across global commodities markets. The law, designed to tackle deforestation linked to the importation of key agricultural products such as cattle, coffee, cocoa, and soy, would require companies to trace and map their supply chains to ensure they do not contribute to forest destruction. Originally set to come into effect on December 30, 2024, the delay proposal is seen as an attempt to offer producers, particularly in developing countries, more time to adjust to the stringent new requirements. Yet, for many, this postponement might only delay the inevitable, leaving both small farmers and larger corporations grappling with the regulatory and logistical challenges ahead.

Wegmans Food Markets, a pioneer in retail technology, is set to revolutionize customer interaction and food traceability with its latest technological leap. Having introduced barcode scanning to the grocery industry in 1974, Wegmans established itself as an early adopter of innovation, contributing significantly to the development of industry standards.