Discounters like Dollar General and Dollar Tree had soaring stock prices due to consumers flocking to their stores this year.
Nestlé Health Science has closed a deal to acquire a Brazilian plant-based food brand, Puravida. The famous FMCG brand said that Puravida’s product line is aligned with its own, and thus, the acquisition would be successful in growing its offerings to consumers. The Brazilian brand offers nutritional supplements and protein powders in the country and will now be able to extend its local health science business internationally. Puravida, founded in Sao Paulo in 2015, delivers clean label nutritional food. The brand also received investment from private equity firm Aqua Capital in 2020. The monetary details of the acquisition deal remain undisclosed.
Marqt, the Dutch organic supermarket chain, is changing its brand name to Ekoplaza Foodmarqt.
Thanks to its geographical location, Morocco’s exports have been appreciated by quality control teams from various European export partners.
EG Group, a British retailer operating in Australia, America and the UK, launched 26 foodservice outlets in this quarter.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (20th May-27th May)
Coles, the Australian grocer, has teamed up with Singapore’s largest grocery supermarket chain, NTUC FairPrice, to roll out its private and third-party labelled products in Singapore.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (15 May-20 May.)
After doubling the number of restaurants in Indonesia, Wingstop is ready to expand in South Korea. Wingstop has signed a contract for the South Korean developmental rights as the restaurant chain aims to open 60 restaurants over 10 years.
Maxim’s Caterers, a Hong Kong-based licensee, is bringing the famous American burger chain Shake Shack to Thailand. Shake Shack will launch its first flagship outlet in Bangkok next year. The fast-food chain expects to roll out 15 additional stores across Thailand by 2032. Michael Kark, chief global licensing officer at Shake Shack, is excited to tap Thailand due to its culinary rich culture and lively residents. The burger chain will sell signature offerings, such as ShackBurger, Chicken Shack, and Chicken Bites. Shake Shack would also partner with local producers, suppliers, and artists to support the Thai community. To read more, visit InsideRetail
This is the weekly snapshot of top trends from the Grocery industry (22 April-29 April.) AI & Robotics: McKinsey conducted a survey of European shoppers and revealed that most respondents plan to use online grocery services almost as frequently as they did in 2021. Store of the Future: A recent survey revealed that 2/3 of grocery businesses have quantified their baseline efforts and defined concrete actions to march towards sustainability efforts, and 50% have defined definite targets. Online Grocery: Grocery businesses often struggle to choose the right pricing strategy for their eCommerce business. Digital grocers choose from two main pricing strategies: offset pricing structure and up-front pricing structure. Consumer Trends: Heinen’s has launched a health clinic, the Personalized Nutrition Center, inside one of its retail outlets. The grocer is advancing digital technology and health to offer holistic services to consumers. Digital Supply Chain: Cate Trotter detailed that convenience and delivery speed are pushing delivery platforms to opt for ultra-fast delivery models in the US. She added that these hyper-fast delivery services would raise the customer expectations bar.
Once again, external factors, including rising inflation and the money-saving approach, have pushed customers to dump the one-stop-shop concept and change their consumer shopping behaviour. As per the findings of Chicago-based IRI, a market researcher, about 78% of customers changed their shopping patterns, and 17% of them visited multiple retailers in April. Around 72% of them revealed that they made one or more changes to their shopping techniques in March. Additionally, IRI detailed that the economy is facing double-digit inflation. Consequently, consumers seem to be apprehensive about the rising prices of food and perishable items. IRI found that 51% of consumers stock up on certain products to escape the fear of items going out of stock. To read more, visit WinsightGroceryBusiness
Discounters like Dollar General and Dollar Tree had soaring stock prices due to consumers flocking to their stores this year.
Nestlé Health Science has closed a deal to acquire a Brazilian plant-based food brand, Puravida. The famous FMCG brand said that Puravida’s product line is aligned with its own, and thus, the acquisition would be successful in growing its offerings to consumers. The Brazilian brand offers nutritional supplements and protein powders in the country and will now be able to extend its local health science business internationally. Puravida, founded in Sao Paulo in 2015, delivers clean label nutritional food. The brand also received investment from private equity firm Aqua Capital in 2020. The monetary details of the acquisition deal remain undisclosed.
Marqt, the Dutch organic supermarket chain, is changing its brand name to Ekoplaza Foodmarqt.
Thanks to its geographical location, Morocco’s exports have been appreciated by quality control teams from various European export partners.
EG Group, a British retailer operating in Australia, America and the UK, launched 26 foodservice outlets in this quarter.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (20th May-27th May)
Coles, the Australian grocer, has teamed up with Singapore’s largest grocery supermarket chain, NTUC FairPrice, to roll out its private and third-party labelled products in Singapore.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (15 May-20 May.)
After doubling the number of restaurants in Indonesia, Wingstop is ready to expand in South Korea. Wingstop has signed a contract for the South Korean developmental rights as the restaurant chain aims to open 60 restaurants over 10 years.
Maxim’s Caterers, a Hong Kong-based licensee, is bringing the famous American burger chain Shake Shack to Thailand. Shake Shack will launch its first flagship outlet in Bangkok next year. The fast-food chain expects to roll out 15 additional stores across Thailand by 2032. Michael Kark, chief global licensing officer at Shake Shack, is excited to tap Thailand due to its culinary rich culture and lively residents. The burger chain will sell signature offerings, such as ShackBurger, Chicken Shack, and Chicken Bites. Shake Shack would also partner with local producers, suppliers, and artists to support the Thai community. To read more, visit InsideRetail
This is the weekly snapshot of top trends from the Grocery industry (22 April-29 April.) AI & Robotics: McKinsey conducted a survey of European shoppers and revealed that most respondents plan to use online grocery services almost as frequently as they did in 2021. Store of the Future: A recent survey revealed that 2/3 of grocery businesses have quantified their baseline efforts and defined concrete actions to march towards sustainability efforts, and 50% have defined definite targets. Online Grocery: Grocery businesses often struggle to choose the right pricing strategy for their eCommerce business. Digital grocers choose from two main pricing strategies: offset pricing structure and up-front pricing structure. Consumer Trends: Heinen’s has launched a health clinic, the Personalized Nutrition Center, inside one of its retail outlets. The grocer is advancing digital technology and health to offer holistic services to consumers. Digital Supply Chain: Cate Trotter detailed that convenience and delivery speed are pushing delivery platforms to opt for ultra-fast delivery models in the US. She added that these hyper-fast delivery services would raise the customer expectations bar.
Once again, external factors, including rising inflation and the money-saving approach, have pushed customers to dump the one-stop-shop concept and change their consumer shopping behaviour. As per the findings of Chicago-based IRI, a market researcher, about 78% of customers changed their shopping patterns, and 17% of them visited multiple retailers in April. Around 72% of them revealed that they made one or more changes to their shopping techniques in March. Additionally, IRI detailed that the economy is facing double-digit inflation. Consequently, consumers seem to be apprehensive about the rising prices of food and perishable items. IRI found that 51% of consumers stock up on certain products to escape the fear of items going out of stock. To read more, visit WinsightGroceryBusiness
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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