By: Bill Aull, Dymfke Kuijpers, and Daniel Läubli Source: McKinsey & Company Changes to the global grocery retail market are happening fast. Trends that emerged during the pandemic are persisting, reshaping the industry. Consider this: in December 2019, the percentage of e-commerce grocery sales in the US market was slightly under [...]
By Marc Rousset, Cory Rochkin and Tanja Ebner Source: Progressive Grocer Life during the pandemic was complicated with masks, sanitizers, social distancing and lots of rules. If consumers came to value anything, it was what was easy, convenient and dependable. Not that those things haven’t always been appreciated, but they’re even [...]
By Michael Browne Source: Supermarket News While grocery retailers entered 2021 brimming with optimism and confidence for the year ahead, riding high from record-setting sales in 2020 and the anticipation of widespread vaccinations against COVID, a new set of challenges arose last year as supply chain issues and labor shortages [...]
By Russell Redman Source: Supermarket News Amid supply chain snags and surging costs, grocery manufacturers and retailers expect price increases to spur dollar sales growth heading into next year, new research from Advantage Sales shows. Six in 10 manufacturers and seven in 10 retailers think consumer packaged goods (CPG) dollar [...]
By Patrick Spear Source: Supermarket News Consumer confidence and purchasing behavior regained momentum throughout the summer months as businesses began opening their doors and vaccinations became more prevalent. While Americans are now eager to spend, many retailers are not prepared to capture the pent-up demand. Faced with labor shortages, adjusted [...]
Source: Bloomberg Supermarket prices are rising, restaurants are reopening, but Americans keep stocking up on groceries. Quicktake's Jennifer Zabasajja speaks with Bloomberg Checkout reporter Matthew Boyle on why the grocery-store boom is poised to live on even as the pandemic fades. View the video
By: Colman Andrews Source: 24/7 Wall St. Because of the nature of the grocery business, independent operations are far outnumbered by units of major chains — whether they’re regional powerhouses, like H-E-B in Texas or Wegman’s in the Northeast, or national operations doing business under multiple brand names (for instance, [...]
By Dave Conroy Source: Supermarket News There has been a dramatic shift in how consumers expect to interact with their grocer, including how they pay for their purchases. Consumer demand for omnichannel experiences and advanced digital commerce solutions, including curbside pickup, online ordering with delivery, scan-and-go and touchless payment options, [...]
By Nathaniel Meyersohn Source: CNN Business You might not be excited about paying higher prices for meat and vegetables, but your grocery store is thrilled. The rising prices for staples like milk and pork affect grocery stores too, as they have to pay more to their suppliers. But while they [...]
By Michael Browne Source: Supermarket News As the country begins to emerge from the pandemic, the grocery industry is looking back at the changes it underwent over the past year and how COVID impacted sales and shopping behavior — and whether or not those new behaviors and trends will carry [...]