Online food and beverage retail sales, including in-store pickup, curbside delivery, and at-home delivery, surged to $76 billion in 2022, and Euromonitor International projects that online grocery will be the primary growth driver for the US food and beverage industry.
As supply chain challenges persist in 2023, grocers must prioritise stability and competitive advantage.
Digital channels influenced 69% of grocery sales in 2023, but profitability remains a hurdle, resulting in $23 billion in losses due to item unavailability or a lack of substitutes in 2022.
Grocery Outlet’s exceptional success in achieving over $1 billion in net sales during Q2 is attributed to its unique business model and strong community engagement.
Instacart, the grocery technology company, has launched its largest back-to-school ad campaign, titled “You’ve Got This, Parents.”
Acosta Group and Pensa Systems have joined forces to enhance revenue growth for CPG brands and retailers.
Canada’s largest food and drug retailer, Loblaw Cos., is set to launch an in-store audio advertising network in selected locations in collaboration with Stingray Advertising.
ProducePay is a platform that connects grocery retailers and growers to enhance supply chain efficiency and price stability.
DoorDash, the leading US food delivery service, is exploring ways to improve customer experiences through an AI-based chatbot called DashAI.
AI-powered smart carts are emerging as a potential “killer app” for supermarkets and grocery stores to revolutionise the shopping experience and regain market share lost to other retail formats.
The meat industry is experiencing a transformative shift with the adoption of digital printing and smart packaging technologies.
Walmart and PepsiCo have embarked on a seven-year collaboration to invest $120 million in supporting U.S. and Canadian farmers in adopting regenerative agriculture practises.
Online food and beverage retail sales, including in-store pickup, curbside delivery, and at-home delivery, surged to $76 billion in 2022, and Euromonitor International projects that online grocery will be the primary growth driver for the US food and beverage industry.
As supply chain challenges persist in 2023, grocers must prioritise stability and competitive advantage.
Digital channels influenced 69% of grocery sales in 2023, but profitability remains a hurdle, resulting in $23 billion in losses due to item unavailability or a lack of substitutes in 2022.
Grocery Outlet’s exceptional success in achieving over $1 billion in net sales during Q2 is attributed to its unique business model and strong community engagement.
Instacart, the grocery technology company, has launched its largest back-to-school ad campaign, titled “You’ve Got This, Parents.”
Acosta Group and Pensa Systems have joined forces to enhance revenue growth for CPG brands and retailers.
Canada’s largest food and drug retailer, Loblaw Cos., is set to launch an in-store audio advertising network in selected locations in collaboration with Stingray Advertising.
ProducePay is a platform that connects grocery retailers and growers to enhance supply chain efficiency and price stability.
DoorDash, the leading US food delivery service, is exploring ways to improve customer experiences through an AI-based chatbot called DashAI.
AI-powered smart carts are emerging as a potential “killer app” for supermarkets and grocery stores to revolutionise the shopping experience and regain market share lost to other retail formats.
The meat industry is experiencing a transformative shift with the adoption of digital printing and smart packaging technologies.
Walmart and PepsiCo have embarked on a seven-year collaboration to invest $120 million in supporting U.S. and Canadian farmers in adopting regenerative agriculture practises.
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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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