August 31, 2021 | GroceryGeniuses Blog

Greenyard, a Belgian market leader offering fresh produce, is growing rapidly

GroceryGeniuses August 31, 2021

Greenyard, a Belgium-based fresh produce giant, is continuing its growth in the new financial year. The firm’s turnover increased by 1.9% to 1.17 billion euros. The Fresh division of fruits and vegetables went up by 1.2% to 970.2 million euros. The company reported that three-quarters of the revenue in the Fresh segment came from the integrated customer model with its retail customers. Long Fresh/Frozen section went up by 5.4%, and the foodservice share increased from 17% to 25% as the COVID restrictions ease.

Idle Fish, a retail app by Alibaba, hits the milestone of having 100 million monthly active users

GroceryGeniuses August 31, 2021

Alibaba’s Idle Fish, an app that trades second-hand goods, hits 100 million monthly active users. This app is like a flea market in a consumer’s smartphone that offers discounted products. The platform deals with a consumer-to-consumer business model and promotes the recycling of products. Idle Fish lists more than one billion products on its app every year. The company’s latest finding suggested that consumers mostly search and buy products from the beauty, luxury, pet and fashion-related categories. The research also revealed that 60% of the active users were born after 1990, and are from Generation Z.

Mercatus partners with Instacart to provide the Instacart Connect feature to client grocers

GroceryGeniuses August 31, 2021

Mercatus, an e-commerce platform that empowers grocers, is teaming up with Instacart to roll out the Instacart Connect feature. Mercatus will let client grocers use the Instacart Connect feature. The digital platform will add Instacart order fulfilment infrastructure. Grocers can use it to pick, pack and deliver orders to their customers. Mercatus will let client grocers develop their front-end presence, and use Instacart’s gig workers as well as other technical tools to fulfil online orders.

Walmart to debut delivery services for rival firms named Spark Delivery Network

GroceryGeniuses August 31, 2021

Walmart is rolling out its delivery service for other businesses soon. The giant retailer will use contracted employees and autonomous carriers to pick product orders from warehouses of rival firms and deliver them to their customers. The retailer is building a platform to support businesses struggling in rural areas to establish their own delivery platform. Walmart has doubled Spark’s operations to 500 cities across the nation.

Emerging consumer behaviours and attitudes towards wellness

GroceryGeniuses August 31, 2021

Health and wellness personalization is the key to winning consumers’ hearts, as McKinsey & Company reported. A global survey on consumers’ behaviour towards wellness reveals the following emerging trends. 1, Consumers might compromise on a little bit of privacy to gain personalization. Germans still love their privacy dearly. 2, British and Chinese consumers are highly inclined towards food and beauty products containing clean and natural components. 3, Digital services pave the way forward, as 60% of Americans said they are willing to buy dietary supplements online during the pandemic. 4, Consumers are looking for an integrated wellness program that includes both services and products.

Third-party delivery firms offer numerous growth opportunities to restaurant operators

GroceryGeniuses August 31, 2021

National Restaurant Association reports that restaurant industry growth lies in third-party online ordering and delivery firms over the next decade. These delivery firms can act as an effective medium for customer retention, drive sales and extend their geographic as well as demographic reach. Restaurants can increase their customer base and leverage promotional tools when they team up with an online delivery firm. The addition of virtual restaurants can increase revenues via new streams. Online delivery firms can offer restaurants choose between using their in-house drivers or hire contractual employees for delivery.

Amazon partners with Affirm to roll out a monthly payment plan for customers

GroceryGeniuses August 31, 2021

Amazon is broadening the payment options for its customers at checkout. The e-commerce retail giant has signed a deal with Affirm, a buy now-pay later firm, to let customers pay amounts on monthly instalments for the purchased products. Customers need to purchase items like furniture, fashion, and home goods for $50 or above to use the BNPL services. Amazon won’t charge any additional or hidden charges and provide this flexible payment option in the coming months.