Kieran Forsey, CEO of private brand grocery specialist Solutions for Retail Brands, explains why “clean and clear” labeling is a key weapon in the battle of the supermarkets.
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.
The millennial generation, now in their mid-twenties to mid-thirties and having children, are influencing retailers with a different style of shopping than previous generations.
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.
Investors shared what they look for in a company at last week’s FamilyFarmed Good Food Innovation and Financing Conference. Sustainable and local efforts, early-stage startups that fulfill a unique consumer need and brands that meet consumers in their home are of particular interest.
After a decade of decline, the supermarket’s role as shoppers’ primary store has stabilized even as shopping trips continue to fragment among more channels of trade, according to the 2018 Trends report issued Tuesday by Food Marketing Institute and the Hartman Group.
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.
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.
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.
Microsoft Corp. is reportedly working on technology that would eliminate cashiers and checkout lines from stores, according to people familiar with the matter. The company is developing systems that track what shoppers add to their carts, and has shown sample technology to retailers from around the world, including Walmart Inc.