Top Grocery Retailer and Food Supply Chain News
June 15 – 30, 2023
June 30, 2023
Here is our bi-weekly roundup of the latest food industry news. In the weeks of June 15-30, research identified meat and dairy as the favorite categories for private labels, strategies to reduce food waste were discussed during the Sustainable Produce Summit, and reasons why food waste increases in the summer were revealed.
Consumers and Private Labels
A poll conducted by YouGov for Progressive Grocer revealed that consumers have been affected by inflation and are buying the same or 20% more of private labels. Meat and dairy products are the categories consumers buy more store brands.
Grocers Plan to Increase AI Spend
A report by Grocery Doppio, FMI—The Food Industry Association, and Wynshop states that grocery retailers are planning to increase their spend in AI by 400% by 2025. AI is expected to deliver $113 billion in operational efficiency for retailers.
Food Loss or Food Waste
During the educational session “Food Fight: Reducing Waste Through Sustainable Solutions” at Sustainable Produce Summit, ideas to reduce food waste and strategies produce buyers, brokers, and shippers can follow to reduce food waste were discussed by a panel of experts.
Economic Concerns Will Set the Pace for the Grocery Industry for Decades
Dunnhumby’s latest report identified price as a main shopping driver for consumers, followed by sustainability. The study predicts that grocery retailers will continue to implement value-added strategies.
Why Grocery Stores Waste 20% More Food in the Summer?
Heat, human error, consumer demand for perfection and peak season were identified as the main reasons for food waste from grocery stores being higher in the summer.
2023 Produce Business 40 Under Forty Awards
Produce Business recognized individuals that have influenced the produce industry after the pandemic.