A recent report from IRI and FMI indicates that the fresh food business of 2025 will be much different than that of 2015. The report also suggests that retailers must be forward-looking, data-driven and break from tradition to keep pace with the rate of change. Here are some report highlights:
The current coronavirus pandemic has impacted every individual’s life in some way. With the recommendations around social isolation and given the key role retailers play in the food supply chain, the industry is in overdrive ensuring shopper safety and availability of food.
With plant-based food alternatives gaining market share, there is also increased scrutiny regarding how these products are identified and promoted. Conventional agricultural groups such as beef and dairy, for example, have been very focused on how plant-based alternatives to their products are being labeled and in 2019 there was significant state legislative activity and law suits on labeling. While the regulatory issues surrounding plant-based products remains largely unsettled here are some current and future considerations:
Millennial Parents food-shop with high anxiety. Their time constraints, financial stresses, healthful eating desires, and large physical distance from supportive relatives create openings for retail dietitians to connect and bond these big food spenders to specific supermarkets.
Dry January, Sober Spring, Dry July Sober September – these seasonal holidays are gaining popularity with younger generations that now abstain from alcohol on a short-term or longer term basis as reported here in Phil Lempert’s review of key trends for 2020.
As plant-based burgers hit retail stores, your customers and internal team members may have questions about these products. Here are some important considerations as you provide customer guidance and assist your store(s) with driving sales across all departments.