November 30, 2021 | GroceryGeniuses Blog

Top ten grocers in China with highest sales volume in 2020

GroceryGeniuses November 30, 2021

The China Chain Store and Franchise Association announced the list of top 100 grocers in China. The total number of grocery stores in the 100 supermarkets were 31,000, an increase of 7.4 % over the previous year. The top ten grocery stores with their respective sales volume in 2020 are: 1, RT-Mart and Auchan (105.99 billion yuan) 2, Yonghui (104.54 billion yuan) 3, CR Mart and CR Suguo (87.83 billion yuan) 4, Walmart (87.40 billion yuan) 5, Wumart and Metro (58.79 billion yuan) 6, Century Mart and Hualian ( 56.82 billion yuan) 7, Jiajiayue ( 27.92 billion yuan) 8, Carrefour (27.33 billion yuan) 9, Hyper-mart ( 24.45 billion yuan) 10, Zhongbai (23.72 billion yuan) To read more, visit ChinaDaily

JustEat Takeaway’s CEO is looking for strategic partnerships for its US-based subsidiary Grubhub

GroceryGeniuses November 30, 2021

JustEat Takeaway had acquired GrubHub, an American food delivery platform, for $7.3B back in June and has been getting offers from investors to sell it since then. The CEO of Takeaway made it utterly clear that the firm is looking for strategic partnerships, and the business is not up for sale. Jitse Groen, CEO of Takeaway, is currently planning to team up with giant grocers and logistics platforms to augment the business operations. The firm has received acquisition offers due to cut-throat competition in the US and the core European nations. To read more, visit EconomicTimes

Learn to grow your business with these five tech building blocks

GroceryGeniuses November 30, 2021

Many leading firms are now steering towards customization through data and the latest technology. Optimization of timing, content, data, design and offer become the key success drivers for brands to achieve customer-centric growth. The five crucial technology building blocks of Martech and data enablement are data, decisioning, design, distribution and measurement. Through data management, companies can build a dynamic audience. Decisioning can help them gauge customer behavioural analytics and make predictions based on the data. With the design block, firms can manage digital assets. The distribution block involves the agile test-and-learn program. This block also aids the relevant and consistent flow of content and experience for customers. Lastly, measurement involves estimating accurate, real-time data of consolidated performance through an automated dashboard. To read more, visit Mckinsey

The tale of global cuisine and how its shaping the future of dining

GroceryGeniuses November 30, 2021

Chefs at the Culinary Institute of America’s 23rd annual conference discussed how the landscape of dining is changing due to the global influence and local inhabitants. The cuisine experts intersect various cultures by offering menus made with local ingredients and are inspired by the places they have visited. They use food as a medium to pay tribute to their culture, introduce flavours to the world and give rise to the authentic dining revolution. Lucas Sin, chef-owner of Nice Day Chinese and Junzi Kitchen in NY, talked about Chinese American cuisine at the conference. Aisha Ibrahim, another Filipino chef, shared the unique recipe of the Filipino egg and eggplant dish, Tortang Talong. To read more, visit SmartBrief

Mckinsey’s latest survey reveals the U.S. consumer shopping trends for the 2021 holiday season

GroceryGeniuses November 30, 2021

Mckinsey and Company surveyed about 2,095 U.S. respondents and revealed the three trending shopping themes this holiday season. Consumers want everything off the shelf, and the demand seems to be ever-growing. The research firm’s analysis shows that fourth-quarter consumer spending in 2021 is likely to rise 7% over 2020. Shoppers keep switching between apps, websites, and stores for inspiration and purchasing. The report also exhibits that shoppers are feeling a strong urge to shop early and become social this year. U.S. consumers have started shopping a bit earlier to receive orders in time. 39% of shoppers are willing to switch brands to buy items that are out of stock elsewhere. To read more, visit Mckinsey