So are the junk food companies willingly going under or are they owned by a larger conglomerate who is going to get our money regardless?
The core driver of redistribution of consumer spending is inflation.
The last 40yrs is lower rates, lower prices and more volume. All geared for consumer spending on wants.
We are in the reverse of this. Which is higher rates, higher prices, less volume. All geared for consumer spending on needs.
Junk food business is a want but it’s the lowest in the pecking order of wants which makes it very sacrificial during an inflationary cycle. Businesses will go under or reduce their footprint, they lose share in this environment as demand is reduced in favour of needs. This is why property rips up because you stop buying chocolates to house your family.