Gama spoke to Peggy Davies, PLMA President, ahead of the latest edition of PLMA – World of Private Label.
What are your expectations for this edition of PLMA?
We have seen tremendous interest from the industry; thus, expectations are high. We expect two dynamic days of business meetings, sharing ideas and sourcing for new products.
Are consumers switching to private label brands in response to cost-of-living pressures? If so, how should suppliers and retailers respond to this switch?
In these economically difficult times, consumers are more conscious and careful with their spending. Private label helps by offering good quality and innovative items for affordable prices. When consumers switch to private label and discover the quality, they often continue to make private label their first choice in the shopping basket. Retailers as well as suppliers respond to the needs of the consumer by expanding their private label ranges and offering greater choice.
What key trends do you expect to shape consumer goods innovation in 2023 and beyond?
Sustainability, health and product attributes like functional, vegan and free from will be the ongoing trends for the years ahead.
About PLMA World of Private Label
PLMA’s annual “World of Private Label” International Trade Show is organised by the Private Label Manufacturers Association, which represents more than 4,000 member manufacturers around the globe. For more than 35 years, PLMA’s “World of Private Label” International Trade Show has brought retailers, wholesalers and other private label professionals together with manufacturers to help them find new products, make new contacts, and discover new ideas that will help their private label programmes succeed and grow.