{
  "docId": "019dd923-5de0-76bd-a168-29079190b36a",
  "docSlug": "51c796a55b6e7200",
  "documentTitle": "Grocery profitability outlook –Europe",
  "authorId": "McKinsey",
  "authorName": "McKinsey",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 19,
  "pageCount": 53,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 12,
  "notes": "The slide uses a two-part structure: a line chart showing job vacancy trends and a bar chart showing ECB inflation projections.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "bar_chart_vertical",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5de0-76bd-a168-29079190b36a/19",
  "deckHref": "/decks/019dd923-5de0-76bd-a168-29079190b36a",
  "deckJsonHref": "/decks/019dd923-5de0-76bd-a168-29079190b36a.json",
  "deckAnchorHref": "/decks/019dd923-5de0-76bd-a168-29079190b36a#slide-19",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.64,
        "y": 0.42
      },
      "kind": "callout",
      "text": "Labor cost inflation ~16% from 2024 to 2029",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a36d183c-a241-4f43-a8d8-64533cd791c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.45,
        "x": 0.52,
        "y": 0.35
      },
      "kind": "chart",
      "text": "ECB projections labor cost inflation 2024 - 2029, %",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "57cc7b32-34ba-4a11-8a98-8a38164adab0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.45,
        "x": 0.04,
        "y": 0.35
      },
      "kind": "chart",
      "text": "Job vacancies per unemployed person",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d4cd8330-585d-4a6d-8a15-17698b96fd7c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Labor cost inflation: 2%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-cdee-73ea-b074-b103740b0f00",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.65,
        "x": 0.03,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: ECB, International Labour Organization, Eurostat, UK Office for National Statistics, Ministry of Health, Labor and Welfare, McKinsey Global Institute analysis",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "87229a7d-ef93-4423-b2da-f0a678c6f557",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.94,
        "x": 0.03,
        "y": 0.03
      },
      "kind": "title",
      "text": "Labor inflation projected to stabilize above historical average at 2% with peaks of 4.5% and 2.6% in 2024 and 2025",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8e10b6c2-b952-447a-aa3d-e1f2302d4750",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [
    {
      "metricRaw": "Labor cost inflation",
      "numberRaw": "2%",
      "numberKind": "percent",
      "actionTitle": "Labor inflation projected to stabilize above historical average at 2% with peaks of 4.5% and 2.6% in 2024 and 2025",
      "calloutText": "Labor cost inflation ~16% from 2024 to 2029",
      "numberScale": null,
      "numberValue": 2,
      "metricFamily": "cost_savings",
      "numberCurrency": null
    }
  ],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 23,
      "from": 18,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "eb2ec9b2-a814-4908-8e9d-54bbf4b5c245",
      "evidence": "The deck highlights the potential impact of not taking action, with average EBITDA impact ranging from -0.2 to -2.7 pp for hyper/supermarkets.",
      "position": 0,
      "objective": "What if grocers do not take countermeasures to address declining profitability?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}