Based on response to the 2019 The Food Retailing Industry Speaks survey, food retailers are moving forward with proactive strategies to navigate the barriers and embrace new opportunities. As part of this process, food retailers are learning how to survive and thrive in any environment. How can food retailers benefit from this year’s Speaks report? Here are a few next steps to consider.
In his June address to an audience of 6,000 at their annual associates and shareholders celebration, Doug McMillon, president and CEO of Walmart Inc. shared, “If I oversimplify our ability to thrive in the future, it comes down to one thing: our ability to solve problems together well enough and fast enough.” Later in his presentation, he expanded on change, saying, “Retail will change more in the next five years than it has in the last 50.” McMillon’s two statements ring true as I reflect on my time at Groceryshop 2019. Here are some takeaways from the event.
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