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  "documentTitle": "Grocery profitability outlook –Europe",
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      "text": "Driving COGS reduction by 0.3 – 1% through supplier negotiation and buying-alliance activity could add 0.25 – 0.75% EBITDA uplift.",
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      "text": "PP&L impact of hyper/supermarkets, % of revenue. Revenue indexed (2023 Revenue = 100%). Comparison of 2023 vs 2029 financials for Revenue, COGS, SG&A, and EBITDA.",
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      "text": "Context & assumptions: Numerous European grocery procurement retailers have reshaped their assortments... Optimizing purchasing departments involves varying levels of complexity... To bring buying activities to the next level top-performers are engaging in international buying alliances...",
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      "text": "1. 2029 COGS, SG&A & Other Opex, and EBITDA presented as share of 2029 revenue (=100%) Source: State of Grocery 2024, McKinsey 2024 European Consumer Survey, McKinsey analysis, expert input,",
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