E-commerce is here to stay even after the pandemic seems to be a thing of the past. The digital business aspect seems to be growing in the North American market.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (15 May-20 May.)
With the changing grocery landscape, McKinsey redirects grocery executives to change a few practices to see positive outcomes in North America.
Datalogic mobile devices are great grocery disruptions these days. Consumers can easily navigate the stores. Mobile technology offers some amazing benefits and grows consumer engagement in the stores.
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.
Food Rocket, a San Francisco-based 15-minute delivery FoodTech startup, has bagged $25 Million in a Series A round. The investment round was led by Alimentation Couche-Tard, the Canadian corporation that owns Circle K. The delivery firm has partnered with Circle K to grow its e-commerce and delivery services. Food Rocket announced that these funds would help improve its tech infrastructure and expand employees, plus delivery services in different parts of the US. Alimentation Couche-Tard owns 14,000 Circle K and Couche-Tard sites in around 26 countries and territories and will support Food Rocket to help it grow its business. To read more, visit GroceryDive
Just Eat Takeaway, an Amsterdam-based third-party delivery platform, is looking to sell Chicago-based GrubHub and is exploring different buyers. The firm is up for selling GrubHub partially or fully and finding a strategic partner these days. In 2020, Just Eat Takeaway (JET) acquired GrubHub in a $7.3 billion deal. The acquisition gave JET access to 634,000 restaurants in Europe and North America. To escape a hostile takeover and rising costs, many investors have advised JET to look for a merger with giant players like DoorDash, Amazon, or Delivery Hero. To read more, visit Supermarketnews
Grocery businesses often struggle to choose the right pricing strategy for their eCommerce business. They have to maintain a transparent balance between control and cost. Digital grocers choose from two main pricing strategies: offset pricing structure and up-front pricing structure. The offset pricing structure lets grocers cut delivery fee and regain it from other means. This strategy is not endurable for most grocers, and they end up incurring losses. Eventually, they increase the product prices available on their website. Up-front pricing includes paid delivery and curbside pickup service from grocers. This strategy might steer budget-conscious shoppers away, but it is valuable for the grocers in the long run. In both cases, full transparency is crucial to maintain. To read more, please visit Mercatus
This is the weekly snapshot of top trends from the Grocery industry in the past week (15 April-18 April.) AI & Robotics: Wakefern, the largest grocery retail cooperative in America, is in the process of piloting shelf-scanning robots from Simbe Robotics. The grocer is making this move to automate its inventory management process. Store of the Future: Land O’ Lakes, a dairy and food manufacturing platform, has been piloting a personalisation programme using a customer data platform (CDP) and the latest business analytics. Online Grocery: E-grocer Misfits Market has launched its first-ever private-label brand, Odds & Ends, to deliver pantry essentials to shoppers. Consumer Trends: Panera Bread has expanded and launched an $8.99/month subscription for unlimited coffee and tea to please coffee lovers. The subscription programme is called the Ultimate Sip Club and will offer around 26 self-service beverages Digital Supply Chain: Grocery Outlet has collaborated with Instacart to offer same-day delivery across nearly 400 stores to consumers.
Carrefour outperformed and came out strong in the French market. The popular retailer created strong momentum and had +3.4% like-for-like sales growth. Carrefour’s sales were up +9.0% in Q1 of 2022 and continued capturing market share in France, Spain, and Brazil. The retailer had a +3.4% LFL in Spain and a +7.5% LFL in Q1 in Brazil. Online sales also went up as its GMV was up +10% in Q1. Carrefour confirmed that it achieved the target of net free cash flow of above €1bn in 2022. To read more, visit Carrefour
E-grocer Misfits Market has launched its first-ever private-label brand, Odds & Ends, to deliver pantry essentials to shoppers. Initially, the e-grocer will offer olive oil, coffee, and dark chocolate-smeared mini pretzels. Kai Selterman, Misfits Market’s chief strategy officer, revealed that consumers would soon be able to order and fill their grocery baskets with a wide range of products from the website. The move is followed by a massive growth after the launch of Misfits Market’s mobile app. The firm revealed that their research shows younger consumers are more drawn to private-labelled products. That’s why the Misfits Market will target them largely. The brand also offers a discount of up to 40% on its products. To read more, visit GroceryDive
This is the weekly snapshot of top trends from the Grocery industry in the past week (08 April-15 April.) AI & Robotics: Walmart has teamed up with Snapchat, an American social app with filters, to have a new AR lens inspiring mobile users to find recipes. Store of the Future: Chieh Huang, the CEO of Boxed, an e-tailer offering bulk products, is ready to charge and drive growth for his tech and e-commerce business. It will have two income revenue streams: an e-commerce business and a software business. Online Grocery: Canadian grocery chain Sobeys has expanded its Voilà online grocery delivery service to Ottawa and Quebec. Canadian consumers can order thousands of products, including the Sobeys Farm Boy store banner, from the Voilà mobile app. Consumer Trends:Ulta Beauty’s financial report exhibited a net sales increase of 40.3%, and its net profit was $985.8 million compared to last year at $175.8 million, up 461%. Ulta Beauty’s gross margin was 39% in 2021, compared to 31.7% last year. Digital Supply Chain: The Kroger’s Ship marketplace will offer items like storage, bedding and baby furniture from Bed Bath & Beyond and its Buybuy Baby chain.
E-commerce is here to stay even after the pandemic seems to be a thing of the past. The digital business aspect seems to be growing in the North American market.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (15 May-20 May.)
With the changing grocery landscape, McKinsey redirects grocery executives to change a few practices to see positive outcomes in North America.
Datalogic mobile devices are great grocery disruptions these days. Consumers can easily navigate the stores. Mobile technology offers some amazing benefits and grows consumer engagement in the stores.
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.
Food Rocket, a San Francisco-based 15-minute delivery FoodTech startup, has bagged $25 Million in a Series A round. The investment round was led by Alimentation Couche-Tard, the Canadian corporation that owns Circle K. The delivery firm has partnered with Circle K to grow its e-commerce and delivery services. Food Rocket announced that these funds would help improve its tech infrastructure and expand employees, plus delivery services in different parts of the US. Alimentation Couche-Tard owns 14,000 Circle K and Couche-Tard sites in around 26 countries and territories and will support Food Rocket to help it grow its business. To read more, visit GroceryDive
Just Eat Takeaway, an Amsterdam-based third-party delivery platform, is looking to sell Chicago-based GrubHub and is exploring different buyers. The firm is up for selling GrubHub partially or fully and finding a strategic partner these days. In 2020, Just Eat Takeaway (JET) acquired GrubHub in a $7.3 billion deal. The acquisition gave JET access to 634,000 restaurants in Europe and North America. To escape a hostile takeover and rising costs, many investors have advised JET to look for a merger with giant players like DoorDash, Amazon, or Delivery Hero. To read more, visit Supermarketnews
Grocery businesses often struggle to choose the right pricing strategy for their eCommerce business. They have to maintain a transparent balance between control and cost. Digital grocers choose from two main pricing strategies: offset pricing structure and up-front pricing structure. The offset pricing structure lets grocers cut delivery fee and regain it from other means. This strategy is not endurable for most grocers, and they end up incurring losses. Eventually, they increase the product prices available on their website. Up-front pricing includes paid delivery and curbside pickup service from grocers. This strategy might steer budget-conscious shoppers away, but it is valuable for the grocers in the long run. In both cases, full transparency is crucial to maintain. To read more, please visit Mercatus
This is the weekly snapshot of top trends from the Grocery industry in the past week (15 April-18 April.) AI & Robotics: Wakefern, the largest grocery retail cooperative in America, is in the process of piloting shelf-scanning robots from Simbe Robotics. The grocer is making this move to automate its inventory management process. Store of the Future: Land O’ Lakes, a dairy and food manufacturing platform, has been piloting a personalisation programme using a customer data platform (CDP) and the latest business analytics. Online Grocery: E-grocer Misfits Market has launched its first-ever private-label brand, Odds & Ends, to deliver pantry essentials to shoppers. Consumer Trends: Panera Bread has expanded and launched an $8.99/month subscription for unlimited coffee and tea to please coffee lovers. The subscription programme is called the Ultimate Sip Club and will offer around 26 self-service beverages Digital Supply Chain: Grocery Outlet has collaborated with Instacart to offer same-day delivery across nearly 400 stores to consumers.
Carrefour outperformed and came out strong in the French market. The popular retailer created strong momentum and had +3.4% like-for-like sales growth. Carrefour’s sales were up +9.0% in Q1 of 2022 and continued capturing market share in France, Spain, and Brazil. The retailer had a +3.4% LFL in Spain and a +7.5% LFL in Q1 in Brazil. Online sales also went up as its GMV was up +10% in Q1. Carrefour confirmed that it achieved the target of net free cash flow of above €1bn in 2022. To read more, visit Carrefour
E-grocer Misfits Market has launched its first-ever private-label brand, Odds & Ends, to deliver pantry essentials to shoppers. Initially, the e-grocer will offer olive oil, coffee, and dark chocolate-smeared mini pretzels. Kai Selterman, Misfits Market’s chief strategy officer, revealed that consumers would soon be able to order and fill their grocery baskets with a wide range of products from the website. The move is followed by a massive growth after the launch of Misfits Market’s mobile app. The firm revealed that their research shows younger consumers are more drawn to private-labelled products. That’s why the Misfits Market will target them largely. The brand also offers a discount of up to 40% on its products. To read more, visit GroceryDive
This is the weekly snapshot of top trends from the Grocery industry in the past week (08 April-15 April.) AI & Robotics: Walmart has teamed up with Snapchat, an American social app with filters, to have a new AR lens inspiring mobile users to find recipes. Store of the Future: Chieh Huang, the CEO of Boxed, an e-tailer offering bulk products, is ready to charge and drive growth for his tech and e-commerce business. It will have two income revenue streams: an e-commerce business and a software business. Online Grocery: Canadian grocery chain Sobeys has expanded its Voilà online grocery delivery service to Ottawa and Quebec. Canadian consumers can order thousands of products, including the Sobeys Farm Boy store banner, from the Voilà mobile app. Consumer Trends:Ulta Beauty’s financial report exhibited a net sales increase of 40.3%, and its net profit was $985.8 million compared to last year at $175.8 million, up 461%. Ulta Beauty’s gross margin was 39% in 2021, compared to 31.7% last year. Digital Supply Chain: The Kroger’s Ship marketplace will offer items like storage, bedding and baby furniture from Bed Bath & Beyond and its Buybuy Baby chain.
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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