Inflation, ingredient shortages, and retailers' need to adapt to a shifting marketplace created many business obstacles in 2023. The past year was also fraught with innovation, with customers shifting the ways they interact with and purchase specialty products, and retailers transforming their businesses.
Following is a more in-depth look at these trends, events, and movements of 2023:
• Consumers Scale Back Purchases
• Retailers Make Changes In-Store
• Major Mergers and Acquisitions in 2023
Related: Year in Review: Top Stories in 2022; NGA Lauds New Merger Guidelines