Top Grocery Retailer and Food Supply Chain News Oct 16-31
October 31, 2023
Here is our bi-weekly roundup of the latest food industry news. In the weeks of October 16 – 31, value and affordability remained top of mind for consumers, a new study revealed how shoppers feel about processed foods and FMI announced its new board members.
Consumers Perception of Processed Foods
Although more than half of American believe ultra-processed foods are not good for their health, two-thirds of the surveyed shoppers by Ayana Bio said they would spend more on processed foods if they offered health benefits or had more nutritious ingredients.
FMI’s New Board Members
The Food Industry Association (FMI) elected its new board of directors. The new leadership represents FMI’s commitment to suppliers and retailer/wholesalers.
Shoppers Preference for Special Prices
A study by Circana identified that 58% of surveyed consumers are looking for special prices more frequently. They’re also cutting back on non-essentials and buying private brands.
Consumers Balance of Priorities
When grocery shopping consumers are trying to balance how they spend their money, value and affordability are top of mind.
Whole Foods Identifies Top 10 Food Trends for 2024
Grocery retailer Whole Foods Market shared the top 10 trends to watch out for in 2024. The list features plant-based products, including faux seafood, buckwheat, and items that boost energy.