Consumers Reviewing Food Labels Amid Inflation: GS1

33% of U.S. adults expect to pay more for food this summer compared to last summer due to inflation.

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A new GS1 US survey found that 33% of U.S. adults expect to pay more for food this summer compared to last summer due to inflation and nearly half (47%) expect to pay the same, suggesting 80% report feeling no relief from high grocery prices.

"Shopping behaviors ae shifting, and consumers are scrutinizing products and labels more than ever at the point of purchase to ensure they align with their preferences and budgets," says Bob Carpenter, president and CEO of GS1 US. "Consumers want more transparency, and our digital world can provide real-time access to the information they seek. QR codes powered by GS1 are emerging on product packaging to help shoppers retrieve more-trusted real-time product details via a smartphone scan —supporting smarter, more confident decisions at the shelf."

Key takeaways:

 

·        The survey also showed that more than three-quarters (76%) of consumers want more information due to higher food costs, with 71% saying that they are reading labels more closely and often. Additionally, 66% said they would scan a QR code on food packaging to access information such as freshness, ingredients and shelf life.

·        Through industrywide collaboration facilitated by GS1 US, brands globally are beginning their transition from the UPCs to new advanced QR codes powered by GS1.

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