Revenue from grocery stores near office commute places such as train stations and office parks is declining. This drop is being filled by increase in sales from stores in residential hotspots leading to shift in golden stores that account for 80% of sales.
The global food and grocery retail industry is expected to surpass $17T by 2027, expanding at an annual rate of 5%. During this time, digitisation is set to transform the entire food value chain from farm to fork. Our weekly newsletter covers innovations and disruptions in food and grocery industry.
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