Top Grocery Retailer and Food Supply Chain News June 1 – 15
June 15, 2023
Here is our bi-weekly roundup of the latest food industry news. In the weeks of June 1 – 15, FMI released the The Power of Private Brands 2023 report highlighting that private labels will continue to grow. New research identified cost, price and sustainability as main consumer concerns, and a survey by Progressive Grocer provided insights about changes in the in-store grocery shopping experience.
FMI’s The Power of Private Brands 2023: Innovation that Drives Winning Private Brands Report
According to The Power of Private Brands Report 2023 by FMI, over 80% of industry executives plan to invest significantly in private labels in the next couple of years and leverage the opportunity for innovation. The report also identified how retailers are taking advantage of new consumer behaviors.
What Consumers Worry About
The EY Future Consumer Index surveyed 20,000 consumers over 27 countries to understand what consumers care most about. Cost, price and sustainability are some of the main consumer concerns.
How In-Store Grocery Shopping Has Changed
Progressive Grocer and Placer.ai discussed how the in-store grocery shopping experience has changed since the pandemic and other disruptors like inflation.
Kroger Survey to Better Understand Snacking Behaviors
Kroger conducted a survey to understand the snacking patterns and preferences of 450 shoppers. Fruits were identified as the second most consumed snack.
Giant Food Offers Local Produce Boxes
Giant Food is offering customers in the Washington DC area local produce boxes filled with seasonal produce sourced from farms in Maryland, Virginia and Delaware. The boxes are being sold through the Giant Delivers program.