Reading Time: < 1 minute Reuters — Loblaw beat quarterly revenue and profit estimates on Thursday, driven by a near-fourfold jump in online sales, as stay-at-home Canadians used the retailer’s pickup and delivery services to stock up on bread, milk and eggs. With consumers still limiting their trips outdoors due to the COVID-19 pandemic, the company said it would invest […] Read more
Loblaw beats profit estimates as online sales surge
Agri-food tech expected to be a post-pandemic growth industry
Ag, food sectors may seek out more e-commerce, labour-saving tools
Reading Time: 3 minutes Ottawa — A researcher at the University of Guelph says the COVID-19 pandemic will spark agility – particularly related to technology – in agriculture. “(The pandemic) has re-emphasized the need to get access to some of the technology that exists in other sectors and are not easily accessible in agri-food systems,” said Rozita Dara, an […] Read more
Probe eyes possibility of ‘co-ordinated behaviour’ in Big Ag
Competition Bureau probes majors' response to FBN's Canadian launch
Reading Time: 3 minutes Canada’s Competition Bureau is investigating leading agriculture companies for allegedly attempting to drive a California-based online farm-supply retailer out of the Canadian market. Documents filed in Federal Court show Federated Co-operatives, Cargill, Winfield United Canada, Univar Canada, BASF Canada Inc., Corteva and Bayer CropScience (and, by extension, Monsanto Canada) are all under investigation. Investigators with […] Read more
Some Indian trader, farmer groups decry Walmart’s Flipkart deal
Reading Time: 3 minutes New Delhi | Reuters — A day after U.S. retail giant Walmart struck its largest deal with a big ticket investment in Indian online marketplace Flipkart, a right-wing Hindu group that fears small traders will suffer staged a protest in New Delhi calling for the deal to be scrapped. Walmart said on Wednesday it would […] Read more
Behind the Bitcoin craze, blockchain in agriculture
New online transaction technology is being used to secure interactions between grain buyer and seller
Reading Time: 5 minutes [Updated: Dec. 14, 2017] Winnipeg / Commodity News Service Canada – Across the world Bitcoin has caused a flurry of excitement. But as analysts warn about the potential downfall of the cryptocurrency craze there is a part of it that could survive and change the business world – blockchain. “People are seeing potential here. They […] Read more
Loblaw cuts 500 jobs, plans to reinvest in e-commerce
Reading Time: < 1 minute Toronto | Reuters — Grocery chain Loblaw Co. Ltd. is cutting about 500 jobs across the company, and plans to reinvest the savings into digital and e-commerce services, the company said on Monday. The job cuts, which began on Monday and make up 0.25 per cent of the Toronto-based company’s workforce, will apply to executive […] Read more
A message from April Stewart, Country Guide's Associate Editor
