Top Grocery Retailer and Food Supply Chain News Feb 2024
February 29, 2024
Here is our monthly roundup of the latest food industry news. During this month, new research identified that convenience remains a top priority for consumers, FMI shared five strategies to leverage the momentum of private brands, and the NFI Sushi Council was created.
Consumers Continue to Value Convenience
Convenience continues to be one of the main drivers for consumers when grocery shopping. Other priorities include consistent availability of products, personalized suggestions, and packaging for items on-the-go.
Five Key Directions to Advance Private Brands
FMI identified five strategies that private brands can leverage to continue growing. The list includes strategic sourcing, sustainability, and technical regulatory compliance.
Packaged Produce Trends
A survey conducted by The Packer that polled over 1,100 consumers revealed that more than 8 out of 10 consumers buy packaged produce.
Online Grocery Shopping Stronger Than Ever
Digital sales of groceries continue to grow. According to a new report by Packaged Facts, sales are expected to grow at a rate of 12% throughout 2027, especially with consumers prioritizing convenience.
The NFI Sushi Council Inaugural Year
The National Fisheries Institute (NFI) created the NFI Sushi Council, is made up of harvesters, processors, distributors, and end users at retail and food service, to enhance food safety in the sushi supply chain.
Trends in The Grocery Aisle
Shoppers are not only looking for convenience, but are also looking for unusual produce to add excitement to their plates. Colorful and exotic produce have grown in popularity.