South Korea Cracks Down on "Shrinkflation": What is it? | Vantage with Palki Sharma

South Korea Cracks Down on "Shrinkflation": What is it? | Vantage with Palki Sharma
In the consumer market, a sneaky tactic called "shrinkflation" is on the rise, where companies reduce the size of products while selling it to the buyers at the same price. This can be confusing for shoppers, who end up getting less for their money. However, some countries are fighting back. South Korea is taking a stand against shrinkflation. The government is now going after the manufacturers, who are shrinking their products without informing the consumers. Seoul has issued new rules requiring manufacturers to inform customers if they reduce the size of a product. If companies do not comply, they will have to face hefty fines of around $7,300. With inflation putting a strain on wallets worldwide, shrinkflation only adds to the pressure. Even US President Joe Biden has called on companies to stop shrinking products. Palki Sharma tells you more.
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South Korea | Shrinkflation | Seoul | Products | Inflation | Joe Biden | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#southkorea #shrinkflation #inflation #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.

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Пікірлер: 96

  • @AnonymousAnonymous-dc3jm
    @AnonymousAnonymous-dc3jm18 күн бұрын

    Lays has always been increasing air and reducing Chips, when would they turn into selling 100% air?

  • @mufasa0

    @mufasa0

    18 күн бұрын

    😂

  • @PriyakantPanwar

    @PriyakantPanwar

    18 күн бұрын

    FMCG would always remain Costly & Unhealthy in Comparison with Instant food at Home or Restaurant's Local Bakery > Packaged Biscuits, Chips, Namkeen, Sauce, etc They Just need to Improve Hygeine Issues in Some Places, Joint Partnership can help them in Running a Big Smoothly in Big Shop

  • @Martin_Priesthood

    @Martin_Priesthood

    17 күн бұрын

    😂🤣😂

  • @ajuzumaki7399

    @ajuzumaki7399

    17 күн бұрын

    Just as a humor! People out of breath should just buy Lays for pure oxygen intake.

  • @mohdasaa

    @mohdasaa

    17 күн бұрын

    I noticed this a few days ago...not funny at all

  • @flyhigh4000
    @flyhigh400017 күн бұрын

    In India, biscuit packet with 10 biscuits=10/- In few months, same biscuit packets with 9 biscuits with 20% extra wriiten on packet=10/-

  • @COOLBRO9601

    @COOLBRO9601

    17 күн бұрын

    In india 1/2kg chicken : 200 ; Super 6 boneless chicken in KFC : 600 😂.

  • @Narayanmbadree
    @Narayanmbadree17 күн бұрын

    In India 1 month mobile recharge reduced to 28 days. Strange

  • @mlg1279

    @mlg1279

    16 күн бұрын

    That's 7 years ago - then, the price had reduced drastically

  • @raajajagan

    @raajajagan

    12 күн бұрын

    To charge for 13 th month bill 😂

  • @shankarsaranjibi8238
    @shankarsaranjibi823817 күн бұрын

    I noticed multiple times, even in India... multiple brands doing it...what can we do as a consumer????

  • @sunitaupadhyaya3287

    @sunitaupadhyaya3287

    14 күн бұрын

    By changing packaging, designs, shape of products,how they maintain same weight but much less product.How they do and increase prices best eg parle g

  • @supu321
    @supu32117 күн бұрын

    India should follow south korea in this matter. Every other company is giving less product while charging the same amount is very frustrating.

  • @MrBUCKET-gt5og

    @MrBUCKET-gt5og

    16 күн бұрын

    Agree

  • @bitopan

    @bitopan

    15 күн бұрын

    What about donation?

  • @MrBUCKET-gt5og

    @MrBUCKET-gt5og

    15 күн бұрын

    @@bitopan oh yeah. India has a tax where companies have to donate 2% of their profits after they already pay income tax on revenue

  • @rajeevelkunchwar
    @rajeevelkunchwar17 күн бұрын

    In India, soap manufacturers started it long ago, in 90s i think.. 120g to 100g to 70g and even less. Others followed suit but nobody took notice.

  • @YouCantHandleTheTruth.
    @YouCantHandleTheTruth.18 күн бұрын

    Here in the U.S., you get LESS and pay MORE! Especially with food, and food has become a 'luxury'.

  • @undertamker9606

    @undertamker9606

    18 күн бұрын

    But you guys have 70K USD per capita, don't you know how to buy things 🤔

  • @THOMAS_SHELBY434

    @THOMAS_SHELBY434

    17 күн бұрын

    ​@@undertamker9606Purchasing power parity left the chat. If you are Indian and earning 25 lakhs in India then you are equivalent to 1 crore salary of US.😂

  • @undertamker9606

    @undertamker9606

    17 күн бұрын

    @@THOMAS_SHELBY434 I know I'm trolling him

  • @nelsontan8178
    @nelsontan817818 күн бұрын

    the most important question is....did the bag also shrink...

  • @Bellz972
    @Bellz97216 күн бұрын

    We need global laws to regulate these greedy companies and expose them.

  • @aturns_rings5611
    @aturns_rings561117 күн бұрын

    I've noticed nowadays every other product is the same way ...every where😢😢

  • @janejustin1788
    @janejustin178818 күн бұрын

    here on Kenya some biscuits are now the size of sacraments!

  • @btsaddict9683

    @btsaddict9683

    14 күн бұрын

    😂

  • @queenme7691

    @queenme7691

    14 күн бұрын

    😂

  • @sivasish8
    @sivasish817 күн бұрын

    A 5 rupees mad Angles chips had 4/5 chips now. Incredible. Massive heartbreak is when Rs. 5 Kurkure qty got reduced. The current Rs.10 Kurkure qty feels like a Rs. 5 Kurkure of 5 years back. So, clearly 100% increase of Shrinkflation.

  • @shubhamer2000

    @shubhamer2000

    17 күн бұрын

    Lol start eating local produced potato chips i have ditched AIR FILLED PKTS OF LAYS many years ago now prefer local produce or better option HALDIRAM BIKAJI ( AKA DESI CHAKNA )😂😂😂

  • @user-yi8rh9wu9s
    @user-yi8rh9wu9s18 күн бұрын

    Even the size of tetra packs reduced for 10 rupees drink in India.😢

  • @shankarsaranjibi8238
    @shankarsaranjibi823817 күн бұрын

    What i remember as my first observation, is all started with parleG biscuits,they kept the same price and started reducing the quantity, and then now every other brand doing it, may it surf,Ariel liquid, ice creams all brands and so on

  • @Nick-kk9ei
    @Nick-kk9ei18 күн бұрын

    All the way here in jamaica thinking I was going crazy. It seems it happening all over. They are not only shrinking, it taste different.

  • @GadgetsArise
    @GadgetsArise15 күн бұрын

    Why not grow your crops, cook yourself a healthy meal, and live a productive life instead of paying for food items that are high in preservatives

  • @Samantha-dx8pi
    @Samantha-dx8pi18 күн бұрын

    Yes I noticed it

  • @mein3324
    @mein332417 күн бұрын

    I am still getting same quantity parle G at Rs 10.

  • @Dexey136

    @Dexey136

    17 күн бұрын

    It was 5 rs 3 years ago

  • @mein3324

    @mein3324

    17 күн бұрын

    @@Dexey136 In Rs 5 I used to get small pack 10 years ago.

  • @shubhamer2000
    @shubhamer200017 күн бұрын

    For biscuits ppl can go to bakery for sauces i think an ORGANIC SHOP shud be open where ppl can buy organic products sauces included it might be expansive but better for health chips can me made at home also home cleaning products are just cheap chemicals which are packed and sold overpice MOST OF THE GARBAGE ITEMS CAN BE REPLACED BY HEALTHY ONES

  • @girishhn4645
    @girishhn464513 күн бұрын

    Yes, I recently got a pack of perks, but it has reduced the size.

  • @CalmSoul.514
    @CalmSoul.51414 күн бұрын

    GOI should do these too... They are doing this continuously

  • @soumyachintu5024
    @soumyachintu502416 күн бұрын

    Every packaged goods are shrinking even milk too😢

  • @deeptobhattacharyya3249
    @deeptobhattacharyya324917 күн бұрын

    7300 dollars lol, they'd happily pay that, Korea is in the pockets of Samsung, so if these companies are networked with samsung board then they are fine regardless.

  • @jobisrael8313
    @jobisrael831318 күн бұрын

    👍👍

  • @quintama1007
    @quintama100716 күн бұрын

    This has been going on decades in Japan btw.

  • @quintama1007
    @quintama100716 күн бұрын

    Every time someone talk about endless choice, my mind immediately goes to George Carlin's quote "...the things that matter in this country have been reduced in choice. There are two political parties, there are about six or seven information companies but if you want to bagel or 23 flavors because you have the illusion of choice."

  • @user-fm2tr5fy3p
    @user-fm2tr5fy3p17 күн бұрын

    In fiji cost of wine is the maximum of $2000.00😊😅

  • @akhilsunilkumargv
    @akhilsunilkumargv17 күн бұрын

    Polo , munch is a good example

  • @leonardkagiso6014
    @leonardkagiso601416 күн бұрын

    food price increase every month in south africa

  • @ruchikaaggarwal9636
    @ruchikaaggarwal963614 күн бұрын

    Check the size of yippee...Didn't know there is a term for this

  • @pmatta13
    @pmatta1316 күн бұрын

    M&S most products like .. Fresh watermelon..🍉

  • @raajajagan
    @raajajagan12 күн бұрын

    This fake news won’t show Indian news , Indian problems

  • @chloegumere7845
    @chloegumere784515 күн бұрын

    Lays sell air.

  • @KPSY-yl7pd
    @KPSY-yl7pd17 күн бұрын

    Like news videos with same length and less coverage😅

  • @cromulus5853
    @cromulus585317 күн бұрын

    We are at their mercy.

  • @arunkumarm9699
    @arunkumarm969917 күн бұрын

    Give more and more jobs every year for all companies then people will earn money and spend money 💰

  • @priyanshubhattacharya35
    @priyanshubhattacharya3514 күн бұрын

    India should learn from it

  • @warsil3735
    @warsil373518 күн бұрын

    That is rule which is ther for ag s inmsny countries tgat if the y reduce they have to mention..sttwge

  • @zisun7483
    @zisun748317 күн бұрын

    India shud increase trade with South Korea and supply them the daily necessities Exporting India overcapacity Exporting Bollywood to Korea

  • @sherwinclarencego1933
    @sherwinclarencego193317 күн бұрын

    Good job Korea. I mean inflation is real anyway. But be transparent.

  • @sreekumar7705
    @sreekumar770517 күн бұрын

    Why buy these junky processed products in the first place?

  • @goolooggg9005
    @goolooggg900517 күн бұрын

    K-pop also shrinked already, good riddance

  • @MrBUCKET-gt5og
    @MrBUCKET-gt5og16 күн бұрын

    Gone mad choco sticks and diary milk also do this

  • @rabsriya2886
    @rabsriya288615 күн бұрын

    🇧🇩 Bangladesh government should do this with groceries.

  • @sujitrp828
    @sujitrp82816 күн бұрын

    It is true for India: country delight selling 450 ml to show competitive rate against the std of 500 ml packet. 500 ml packet is std all over India

  • @JayVala520
    @JayVala52012 күн бұрын

    #ShrinkFlation

  • @gpasprimus6505
    @gpasprimus650513 күн бұрын

    If it shrinks the product stinks usually Gmo garbage

  • @kkaabbccdd8080
    @kkaabbccdd808016 күн бұрын

    how else companies can increase their profit ? Lets fine them or ask to adjust price based on new quantity / weight. Enough of this NS.

  • @birendrabhandari6198
    @birendrabhandari619815 күн бұрын

    Its should be ban if any company reduce size then also reduce price

  • @qasemtv1737
    @qasemtv173717 күн бұрын

    Thats for sure! 😄😄 I noticed it on my Ovaltine and Milk😅😅😅

  • @sshijith
    @sshijith12 күн бұрын

    Keep voting Biden, eating a meal will become luxury !

  • @vinitanair1122
    @vinitanair112213 күн бұрын

    Maggie 🙄

  • @josephsalinas108
    @josephsalinas10818 күн бұрын

    Yes here in the usa.😠🖕

  • @undertamker9606

    @undertamker9606

    18 күн бұрын

    Buy more , didn't you have 70K USD per capita

  • @mustafasiddiqui6648
    @mustafasiddiqui664818 күн бұрын

    Bjp propaganda moutpiece Phulki

  • @ritikasharma9271

    @ritikasharma9271

    18 күн бұрын

    Yeah unlike Ravish&german shepherd Both r unbiased

  • @ashishbahuguna78

    @ashishbahuguna78

    18 күн бұрын

    You must be a congress fanboy🤣🤣

  • @shubhamgattani5357

    @shubhamgattani5357

    18 күн бұрын

    ​@@ashishbahuguna78 khangress bolo. That have lost all respect from citizens

  • @vijaydeeppurushan2333

    @vijaydeeppurushan2333

    18 күн бұрын

    What does BJP has to do with this video? Maybe you are just a Bot?

  • @user-yi8rh9wu9s

    @user-yi8rh9wu9s

    18 күн бұрын

    See Barkha's interview how Muslims are disappointed with Congress. 😂

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