Coles has launched plastic bags, made from 20% of marine waste mainly from Malaysia and 80% of recycled plastic waste, to grow its sustainability efforts across its stores in Australia.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (15 May-20 May.)
Many grocers have now incorporated health and wellness offerings into their grocery outlets to promote the collective approach to mindful eating.
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.
Amazon continues to excel in offering retail space, e-commerce, delivery, supply chain and logistics services. The retail strategy of the tech giant remains an enigma for fellow retailers. This year, Amazon has shut 68 of its physical stores, giving up its Books, 4-star and Pop-Up concepts. It is now focusing on the Whole Foods Market, Amazon Fresh, Amazon Go or Amazon Style stores, powered by its cashier-less Just Walk Out technology. Amazon is gearing up to sell clothes, accessories, and footwear in a 30,000-square-foot facility. As per research firm Numerator, Amazon’s share of CPG sales grew from 2.4% to 3.6% over the previous year. Data firm PYMNTS revealed that Amazon set a new record by capturing 56.7% of US online retail purchases in 2021. After overcoming a few failures, the firm thrives in its e-commerce business. Amazon has increased its annual Amazon Prime membership fee and is continuing its investment in electric delivery vehicles to expand its Amazon Air unit. To read more, visit SmartBrief
Walgreens Boots Alliance CEO Roz Brewer has recently shared valuable insights on how one particular component can set corporations apart. She has vast business experience and previously worked for Starbucks and Amazon. Brewer discussed that a firm with diverse board members dramatically improves its spirit and business approach. She also added that the board selects the CEO, governs the firm, and manages shareholders, including other huge responsibilities. Thus, a diverse board makes the firm successful as board members tend to take risks and share unique visions. Brewer has been an active part of the digital makeover of Sam’s Club and Starbucks, and now she has joined Walgreens Boots Alliance. Walgreens Boots Alliance will bring a number of health clinics to its retail outlets to offer holistic health services to consumers. To read more, visit Fastcompany
KFC has partnered with Yum China to roll out its first-ever Green Pioneer Stores in Beijing and Hangzhou, China. The firm has developed a climate strategy to achieve net-zero by 2050. Last year, Yum China pledged to Business Ambition for a 1.5°C Commitment Letter to the Science-Based Target initiative (SBTi), CEO Joey Wat disclosed. KFC pioneered some environment-friendly equipment and practices to create sustainable surroundings. The KFC outlet in Hangzhou has solar panels that generate around 10,000 kWh of energy each year, reducing carbon emissions. The store also implemented Internet of Things-based (IoT) intelligent restaurant energy management to become energy efficient. The Green Pioneer stores have a Tubular Daylighting System to reduce electricity consumption. The Tubular Daylighting System uses natural sunlight. To read more, visit Insideretail.Asia
UN Climate Change Conference 2021 (COP26) made it clear that individuals and businesses need to prioritise sustainability to save the planet. Grocers need to take it seriously, as food systems account for 34% of the global greenhouse gas (GHG) emissions. A recent survey, including European and North American grocers, 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. 1, Initially, grocers need to focus more on these prevalent themes: health, environment, economy, animal welfare, and livelihoods. 2, Grocers will ultimately achieve the goal of creating value by focusing on building a sustainable environment. 3, A holistic approach is needed to achieve ESG goals with a suitable operating model. This also includes leveraging data collection software and uniform reporting across the value chain. 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.
Suzanne Long, Albertsons’ head of sustainability and transformation, has revealed that the retailer aims to achieve some new ESG goals in the future. The grocery chain will target a new goal of reducing carbon emissions by 47% by 2030. The ESG framework revolves around four essential pillars: people, planet, product, and community. Like Kroger and Walmart, Albertsons has also embarked on a journey to save the planet. In the last few years, Albertsons added 2,500 energy-saving projects, including LED lighting and doors on refrigerated cases. Other notable goals of the grocery chain include zero food waste going to landfills by 2030 and net-zero emissions in its own operations by 2040. To read more, visit GroceryDive
Walmart welcomes John Rainey, an ex PayPal CFO, as its new Chief Financial Officer. Walmart, the largest retailer in the US, plans to grow its digital financial offerings while augmenting its e-commerce platforms for consumers. Brett Biggs will stay in the office as an advisor till Rainey joins. Biggs will help him take on his new responsibilities and get comfortable with the new role. Joseph Feldman, an analyst at Telsey Advisory Group, revealed that it was surprising to see the retail giant hire someone from another firm. John Rainey comes with a profound understanding of the digital/omnichannel world, consumer fintech, and experience in customer-facing businesses, and this decision will surely help Walmart track digital growth. To read more, visit GroceryDive
Andy Jassy, the CEO of Amazon, got candid with CNBC in an interview recently. He revealed that he doesn’t own any bitcoin or nonfungible tokens at the moment. Nonetheless, he believes that cryptocurrencies will make it big in the future, and he might start selling NFTs one day. Andy also added that Amazon is not close to adding nonfungible tokens as one of its payment streams, but might do that in the future. Amazon was in the news for adopting cryptocurrency as a payment stream to develop a tech-powered strategy and product roadmap. The firm didn’t go ahead with the idea as of now. To read more, visit CNBC
Coles has launched plastic bags, made from 20% of marine waste mainly from Malaysia and 80% of recycled plastic waste, to grow its sustainability efforts across its stores in Australia.
This is the weekly snapshot of top grocery disruptions and trends in the Grocery industry (15 May-20 May.)
Many grocers have now incorporated health and wellness offerings into their grocery outlets to promote the collective approach to mindful eating.
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.
Amazon continues to excel in offering retail space, e-commerce, delivery, supply chain and logistics services. The retail strategy of the tech giant remains an enigma for fellow retailers. This year, Amazon has shut 68 of its physical stores, giving up its Books, 4-star and Pop-Up concepts. It is now focusing on the Whole Foods Market, Amazon Fresh, Amazon Go or Amazon Style stores, powered by its cashier-less Just Walk Out technology. Amazon is gearing up to sell clothes, accessories, and footwear in a 30,000-square-foot facility. As per research firm Numerator, Amazon’s share of CPG sales grew from 2.4% to 3.6% over the previous year. Data firm PYMNTS revealed that Amazon set a new record by capturing 56.7% of US online retail purchases in 2021. After overcoming a few failures, the firm thrives in its e-commerce business. Amazon has increased its annual Amazon Prime membership fee and is continuing its investment in electric delivery vehicles to expand its Amazon Air unit. To read more, visit SmartBrief
Walgreens Boots Alliance CEO Roz Brewer has recently shared valuable insights on how one particular component can set corporations apart. She has vast business experience and previously worked for Starbucks and Amazon. Brewer discussed that a firm with diverse board members dramatically improves its spirit and business approach. She also added that the board selects the CEO, governs the firm, and manages shareholders, including other huge responsibilities. Thus, a diverse board makes the firm successful as board members tend to take risks and share unique visions. Brewer has been an active part of the digital makeover of Sam’s Club and Starbucks, and now she has joined Walgreens Boots Alliance. Walgreens Boots Alliance will bring a number of health clinics to its retail outlets to offer holistic health services to consumers. To read more, visit Fastcompany
KFC has partnered with Yum China to roll out its first-ever Green Pioneer Stores in Beijing and Hangzhou, China. The firm has developed a climate strategy to achieve net-zero by 2050. Last year, Yum China pledged to Business Ambition for a 1.5°C Commitment Letter to the Science-Based Target initiative (SBTi), CEO Joey Wat disclosed. KFC pioneered some environment-friendly equipment and practices to create sustainable surroundings. The KFC outlet in Hangzhou has solar panels that generate around 10,000 kWh of energy each year, reducing carbon emissions. The store also implemented Internet of Things-based (IoT) intelligent restaurant energy management to become energy efficient. The Green Pioneer stores have a Tubular Daylighting System to reduce electricity consumption. The Tubular Daylighting System uses natural sunlight. To read more, visit Insideretail.Asia
UN Climate Change Conference 2021 (COP26) made it clear that individuals and businesses need to prioritise sustainability to save the planet. Grocers need to take it seriously, as food systems account for 34% of the global greenhouse gas (GHG) emissions. A recent survey, including European and North American grocers, 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. 1, Initially, grocers need to focus more on these prevalent themes: health, environment, economy, animal welfare, and livelihoods. 2, Grocers will ultimately achieve the goal of creating value by focusing on building a sustainable environment. 3, A holistic approach is needed to achieve ESG goals with a suitable operating model. This also includes leveraging data collection software and uniform reporting across the value chain. 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.
Suzanne Long, Albertsons’ head of sustainability and transformation, has revealed that the retailer aims to achieve some new ESG goals in the future. The grocery chain will target a new goal of reducing carbon emissions by 47% by 2030. The ESG framework revolves around four essential pillars: people, planet, product, and community. Like Kroger and Walmart, Albertsons has also embarked on a journey to save the planet. In the last few years, Albertsons added 2,500 energy-saving projects, including LED lighting and doors on refrigerated cases. Other notable goals of the grocery chain include zero food waste going to landfills by 2030 and net-zero emissions in its own operations by 2040. To read more, visit GroceryDive
Walmart welcomes John Rainey, an ex PayPal CFO, as its new Chief Financial Officer. Walmart, the largest retailer in the US, plans to grow its digital financial offerings while augmenting its e-commerce platforms for consumers. Brett Biggs will stay in the office as an advisor till Rainey joins. Biggs will help him take on his new responsibilities and get comfortable with the new role. Joseph Feldman, an analyst at Telsey Advisory Group, revealed that it was surprising to see the retail giant hire someone from another firm. John Rainey comes with a profound understanding of the digital/omnichannel world, consumer fintech, and experience in customer-facing businesses, and this decision will surely help Walmart track digital growth. To read more, visit GroceryDive
Andy Jassy, the CEO of Amazon, got candid with CNBC in an interview recently. He revealed that he doesn’t own any bitcoin or nonfungible tokens at the moment. Nonetheless, he believes that cryptocurrencies will make it big in the future, and he might start selling NFTs one day. Andy also added that Amazon is not close to adding nonfungible tokens as one of its payment streams, but might do that in the future. Amazon was in the news for adopting cryptocurrency as a payment stream to develop a tech-powered strategy and product roadmap. The firm didn’t go ahead with the idea as of now. To read more, visit CNBC
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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