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Stock impact report

New survey shows labor shortages and inflationary pressures are top concerns among the largest U.S. retailers and consumer goods manufacturers

Advantage Solutions Inc. - Class A (ADV) 
Company Research Source: GlobeNewswire
IRVINE, Calif., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) today unveiled the findings from its Advantage Outlook, a quarterly survey fielded in June and July 2023 that includes responses from senior-level executives at dozens of the leading retailers and consumer products companies across the U.S. The survey results reveal that product manufacturers are no longer attempting to innovate on lower-price-point products to compete on value. Instead, nearly all manufacturers — 98% — are investing in innovation on mainstream or premium-priced products with a heavy emphasis on health and wellness, and products that offer in- and at-home indulgences. The Advantage Outlook details a rapidly evolving retail landscape and a challenging operating environment for consumer goods companies and retailers, as persistent inflation and labor shortages continue to affect business operations. While consumer confidence remains high, challenges with in-store lab Show less Read more
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