Top Grocery Retailer and Food Supply Chain News Jan 1-16
By iFoodDS Team
January 16, 2023
Here is our bi-weekly roundup of the latest food industry news. In the weeks of January 1 – 16, studies found that online grocery sales and fresh produce sales performed better than last December. Quality was identified as one of the main drivers for consumer shopping decisions, and experts predicted the 8 trends that will shape the grocery industry in 2023.
Grocery Sales Online Increased in December 2022
Online grocery sales grew 2.4% year over year in December, according to the monthly Brick Meets Click/Mercatus grocery shopping survey. Factors that contributed include slightly higher order values and an increase in the number of households buying online.
Quality Drives 60% of Meat Purchasing Decisions
According to the “The Power of Meat” report, quality and appearance is the main driver for consumers when buying meat. Price and nutritional values are other important considerations.
Fulfillment Efficiency is a Priority for Grocers in 2023
Incisiv and Wynshop’s Grocery Doppio predicts online grocery sales will grow to 15.3% of the total grocery market. Their recent survey identified that 77% of digital retailers consider improving fulfillment efficiency a priority for this year.
Grocery Industry Trends of 2023
According to experts, these are some of the trends that will shape the grocery industry during 2023: inflation and price changes will continue to impact consumers, value messaging and loyalty programs will become a bigger opportunity for retailers, online grocery sales and private labels will continue to grow, and store experience will become more important for customers.
Fresh Produce Sales Set New Record in 2022
According to the December 2022 IRI primary shopper survey, fresh produce sales reached $5.5 billion, surpassing last year’s record by over 4.4%. The same survey found that 93% of consumers feel groceries cost more than last year.