Global News and Digital
Insights for the Food and Grocery Industry

December 8, 2021

Asian Millennials will dominate the market and demand a seamless omnichannel experience

Asian millennials are expected to rule the FMCG sector and become a massive opportunity for retailers, according to Accenture, a professional services firm. But to attract and retain Millenials from Asian countries, brands will have to offer an automated, integrated online shopping experience. The disposable income of millennials is estimated to be US$6 trillion by 2020 and constitutes 45% of the population in Asia. About 40% of millennials have shopped online and spent about 2.8 hours per day using phones. In China and Japan, 60% of them were comfortable sharing personal information compared to 47% of overall consumers to gain personalised service. To read more, visit InsideRetail 

Walmart’s Sam’s Club has launched Asia’s largest flagship store in Shanghai, China

Sam’s Club, Walmart’s membership-only retail warehouse chain, has unveiled its largest Asian store in Shanghai, China. The store, located in Shanghai’s Waigaoqiao, is about 70,000 Sqm and is a part of the largest single-storey retail space in China. The building also has eateries, shopping and entertainment with 1100 parking zones. The retailer intends to have about 40 to 45 retail outlets in China by 2022. To read more, visit InsideRetail 

Deliveroo Singapore teams up with WhyQ to deliver hawker food to Singaporean consumers

Deliveroo has partnered with WhyQ, a Singapore-based hawker food delivery firm, to offer street food to consumers. The firms have added the Mix and Match menus to let shoppers select their favourite food from multiple hawkers in a single order with no extra charges. Initially, the joint partners will launch 15 hawker outlets from December 13 and gradually expand them in the future. The initiative supports hawker businesses, keeps them alive even after the advent of online food orders and satisfies customers’ tastebuds at the same time. To read more, visit InsideRetail 

Here’s how the restaurant industry evolved in the year 2021

Restaurants battled with various hurdles, including supply chain disruptions and labour shortage, in 2021 and recuperated quickly. Here is how the restaurant industry evolved this year: 1, According to the National Restaurant Association, 91% of restaurant owners had to pay more for food this year. They had to search for innovative efficiencies due to rising operating costs. 2, Dine-in and weekday lunch revenue started bouncing back, and 54% of diners preferred direct online orders, with a 50% decline in the third-party online order volume. 3, Restaurants have heavily invested in technology and partnered with firms offering connected, seamless systems. 4, Many third-party platforms have charged restaurants unfairly. Thus businesses have started using automated emails and loyalty programs to retain customers. 5, Online ordering became the only and crucial way to garner revenues. To read more, visit 2021Restaurants

Three emerging consumer themes as per the 2021 YouTube video trends

The culture and Trends team of YouTube studied the prevalent trends from the top and most-watched videos on Youtube. The team identified community, comfort and creativity as the trending themes of videos, watched by around 2 Billion people from about 100 countries. Brands can review these trends from a marketing point and plan for 2022. Consumers seek community and storytelling by playing video games. 2.9B people are expected to play games by the end of 2021. Thus, many content creators collaborated with game-based content producers. To overcome the pandemic-led fear of uncertainty, consumers indulged in comfort and comedy content and engaged in familiar videos. YT Shorts offered the content creators a chance to get creative and seek subscribers’ attention. To read more, visit ThinkWithGoogle 

Save Mart has partnered with Starship Technologies to roll out singing reindeer delivery robots

Adding to the festive experience, Save Mart has rolled out reindeer robots to deliver food, groceries and other essentials. The firm has expanded its service to1K households, including communities between Clarantina Avenue and McHenry Avenue to Yosemite Avenue and Claus Road in Modesto. Save Mart has partnered with Starship Technologies, a delivery robot building firm, to develop these reindeer bots. The company will introduce musical robot delivery from its flagship store in Modesto, California, to enhance the Christmas feels this year. The Starship Delivery App now offers Christmas-special sweet treats items such as gingerbread-making kits. To read more, visit WinsightGroceryBusiness

Asian Millennials will dominate the market and demand a seamless omnichannel experience

Asian millennials are expected to rule the FMCG sector and become a massive opportunity for retailers, according to Accenture, a professional services firm. But to attract and retain Millenials from Asian countries, brands will have to offer an automated, integrated online shopping experience. The disposable income of millennials is estimated to be US$6 trillion by 2020 and constitutes 45% of the population in Asia. About 40% of millennials have shopped online and spent about 2.8 hours per day using phones. In China and Japan, 60% of them were comfortable sharing personal information compared to 47% of overall consumers to gain personalised service. To read more, visit InsideRetail 

Walmart’s Sam’s Club has launched Asia’s largest flagship store in Shanghai, China

Sam’s Club, Walmart’s membership-only retail warehouse chain, has unveiled its largest Asian store in Shanghai, China. The store, located in Shanghai’s Waigaoqiao, is about 70,000 Sqm and is a part of the largest single-storey retail space in China. The building also has eateries, shopping and entertainment with 1100 parking zones. The retailer intends to have about 40 to 45 retail outlets in China by 2022. To read more, visit InsideRetail 

Deliveroo Singapore teams up with WhyQ to deliver hawker food to Singaporean consumers

Deliveroo has partnered with WhyQ, a Singapore-based hawker food delivery firm, to offer street food to consumers. The firms have added the Mix and Match menus to let shoppers select their favourite food from multiple hawkers in a single order with no extra charges. Initially, the joint partners will launch 15 hawker outlets from December 13 and gradually expand them in the future. The initiative supports hawker businesses, keeps them alive even after the advent of online food orders and satisfies customers’ tastebuds at the same time. To read more, visit InsideRetail 

Here’s how the restaurant industry evolved in the year 2021

Restaurants battled with various hurdles, including supply chain disruptions and labour shortage, in 2021 and recuperated quickly. Here is how the restaurant industry evolved this year: 1, According to the National Restaurant Association, 91% of restaurant owners had to pay more for food this year. They had to search for innovative efficiencies due to rising operating costs. 2, Dine-in and weekday lunch revenue started bouncing back, and 54% of diners preferred direct online orders, with a 50% decline in the third-party online order volume. 3, Restaurants have heavily invested in technology and partnered with firms offering connected, seamless systems. 4, Many third-party platforms have charged restaurants unfairly. Thus businesses have started using automated emails and loyalty programs to retain customers. 5, Online ordering became the only and crucial way to garner revenues. To read more, visit 2021Restaurants

Three emerging consumer themes as per the 2021 YouTube video trends

The culture and Trends team of YouTube studied the prevalent trends from the top and most-watched videos on Youtube. The team identified community, comfort and creativity as the trending themes of videos, watched by around 2 Billion people from about 100 countries. Brands can review these trends from a marketing point and plan for 2022. Consumers seek community and storytelling by playing video games. 2.9B people are expected to play games by the end of 2021. Thus, many content creators collaborated with game-based content producers. To overcome the pandemic-led fear of uncertainty, consumers indulged in comfort and comedy content and engaged in familiar videos. YT Shorts offered the content creators a chance to get creative and seek subscribers’ attention. To read more, visit ThinkWithGoogle 

Save Mart has partnered with Starship Technologies to roll out singing reindeer delivery robots

Adding to the festive experience, Save Mart has rolled out reindeer robots to deliver food, groceries and other essentials. The firm has expanded its service to1K households, including communities between Clarantina Avenue and McHenry Avenue to Yosemite Avenue and Claus Road in Modesto. Save Mart has partnered with Starship Technologies, a delivery robot building firm, to develop these reindeer bots. The company will introduce musical robot delivery from its flagship store in Modesto, California, to enhance the Christmas feels this year. The Starship Delivery App now offers Christmas-special sweet treats items such as gingerbread-making kits. To read more, visit WinsightGroceryBusiness