Israel’s Economy Minister Calls for Boycott of Strauss and Osem over Price Hikes, Sparks Important Conversation about Consumer Protection

Nir Barkat urges public to boycott Strauss, criticizing food giant – Israel News

Nir Barkat, Israel’s Economy Minister, has expressed his anger towards Strauss, urging consumers to boycott the company due to its failure to keep prices frozen despite commitments to do so. The Strauss Group is a prominent food manufacturer in Israel, established in 1939 as a small dairy producer in Nahariya. It currently employs around 12,000 people, half of whom are based in Israel.

Barkat criticized Strauss for distributing hundreds of millions of dollars in profits to shareholders while claiming financial difficulties. He emphasized the importance of consumer protection regulation and announced the inclusion of a black sticker on products that have raised prices without government approval. Barkat’s call to boycott Strauss was accompanied by the company’s entry into the economic blacklist for disregarding price freeze commitments during the ongoing war.

In addition to targeting Strauss, Barkat also called for a boycott of Osem, another food company, as part of his efforts to protect consumers from rising prices. Companies placed on the economic blacklist/whitelist are subject to public scrutiny, and Barkat urged the Israeli public to hold accountable those who exploit them during times of peace and conflict. By choosing not to support companies on the blacklist, consumers can send a clear message against price hikes and unethical business practices.

The Israeli public has been quick to respond to Barkat’s call by shunning both Strauss and Osem products in large numbers. This has led many food manufacturers in Israel to reconsider their pricing strategies and be more transparent with their customers about any changes they make.

As for Barkat’s efforts towards protecting consumers from rising prices, he has also called for increased regulation on foreign imports that may cause inflationary pressures on local businesses. He believes that import controls will help maintain stable prices for consumers while promoting fair competition among local businesses.

Overall, Nir Barkat’s actions have sparked an important conversation about consumer protection and fair business practices in Israel. As more companies come under scrutiny for their pricing strategies and other unethical practices, it is likely that we will see more calls for boycotts and increased regulation from government officials like him.

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