Category Archives: Industry Trends

System would cut prices as items near expiration

A startup called Wasteless is offering grocers a system designed to lower the prices of items automatically as they approach their expiration dates, hoping to cut down on food waste. Electronic shelf labels also help the system alert the store if an item is nearly out of stock.

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Your July FoodBytes

Do words like “blockchain” and “cryptocurrency” make you think “confusing gobbledygook?” You aren’t alone: three out of four consumers say they’ve never heard of blockchain or have no idea what it means. Yet some of the biggest food brands in the world are betting on these technologies to transform the future of the industry. In this month’s FoodBytes, you’ll discover why and learn the basics behind these potentially revolutionary tools.

Datassential – FoodBytes – July 2018

Walmart, Kroger partner to create global blockchain

Walmart, Nestle, Kroger, Tyson Foods and six other large companies are seeking out a more complete picture of the supply chain in order to track how bad foods make it from farms to the aisles. The group, called the Food Trust, is constructing a blockchain to make it easier to track food across the globe, identify issues and support speedy recalls when necessary.

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Total Consumer Report

Across the FMCG brick-and-mortar landscape, fresh categories have driven nearly 49% of all dollar growth this year. Analyzing a unified view of the food space provides flavor and ingredient inspiration, the ability to realize product synergies across departments and even leaves room for innovation and cross-promotional opportunities between food and non-food categories.

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Full report–>total-consumer-report-june-2018

Fastest-Growing Companies Offer Strategies for Boosting Growth in Challenging Environment

Although U.S. consumer packaged goods (CPG) companies once again faced a challenging environment in 2017, research released today by The Boston Consulting Group (BCG) and IRI found that many of the industry’s top performers generated growth by distinguishing themselves in three ways: differentiating their offerings, targeting consumers with greater precision and complementing organic growth with inorganic growth.

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