The fresh in-store experience suffered during the pandemic, as shoppers reduced trips and shifted to online purchasing. Retailers now have the opportunity to reenergize these experiences to drive store differentiation.
Shoppers who are willing to make trade-offs for the environment represented 27% of fresh food spending in Q2 2021. They also spent 30% more than other shoppers on fresh foods. These increasingly valuable shoppers expect recyclable packaging and biodegradable ingredients and see organic, grass-fed and all-natural claims in the fresh aisle as givens. Now, they are starting to prioritize sustainability claims around food waste, animal welfare and nitrate-free products too.
Transparency on the digital shelf means providing consumers with rich product data that goes beyond the label. Product data is how brand manufacturers will communicate the benefits of their product, how retailers will deliver personalized shopping experiences, and how consumers will find products that match their diverse needs and preferences.
With increasing consumer demand for transparency on the digital shelf, coupled with a changing food landscape, the need for product data to be created is at an all time high. Using Machine Learning and AI, Foodspace Technology has created an intuitive solution that scans and digitizes information directly from CPG product images, into data-sets that can be used across a manufacturers commerce channel. In today’s digital world, the investments that manufacturers make in getting a CPG product to launch will require that they provide rich product data to meet consumers at every digital touchpoint.
As we continue to see an increase in natural disasters FMI & NACS recently got a chance to have a quick discussion (8 min) with Craig Fugate who served as President Obama’s FEMA Administrator from May 2009 – January 2017 about how the private and public sector can continue to collaborate.
It’s a new day for retail meal solutions as competition from restaurants heats up. Consumers are breaking out of their pandemic modes and evolving their behaviors with a new balance likely to develop between meals at home and away from home. Retailers have an opportunity to drive momentum with new fresh strategies.
As we look to the future, the food industry is facing a daunting task – how do we feed a growing population using fewer resources and amid a changing and unpredictable climate? And in many ways, it all comes down to water. Demand for water is increasing, while supply is becoming more unpredictable. Join us as we discuss mitigating water stress; shared best practices; and prioritizing water in practical ways.
No matter where you sit in the value chain, understanding and acting on Scope 3 emissions takes collaboration and shared learning to leapfrog efforts and build meaningful momentum. Learn about a new coalition: the Supplier Leadership on Climate Transition (LOCT).
In the 2021 U.S. Grocery Shopper Trends report we explore the complex set of needs and aspirations among grocery shoppers as a result of the COVID-19 pandemic and their expectations for grocery shopping store as post-pandemic life takes shape.
Terrez Thompson, chair of Powered by Zerret, Inc. and retired executive of The Coca-Cola Company, and Natalie McGrady, Director of Supplier Diversity at Cargill discussed the business case for diversity in the supply chain during our next Digital Dialogues.
Chris Skyers, vice president of Own Brands for Wakefern Food Corp., and Brian George, owner of Alex Lee, Inc. discussed racial justice, inclusion and diversity and the food retail landscape during Digital Dialogues.
Jacquelyn Howard, vice president, global supply chain, The Starbucks Coffee Company, and Melissa Melshenker Ackerman, president of the Produce Alliance, discussed racial justice, inclusion and diversity in the food system during the first Digital Dialogues.