Food retailers have little time to keep on top of business intelligence. The Food Institute allows its retailer members to have more time taking care of the business by offering brief, concise and timely reports on the trends and developments they need to know about.
Walmart's new subscription service is a direct competitor of Amazon Prime. Launching later this month, Walmart+ will cost $98 a year with perks like same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals. Still, Amazon Prime's dominance in retail could be hard to beat. Food Institute Focus
Autonomous trucking company TuSimple unveiled an autonomous freight network, which it claims is a world first. The company expects to make automated shipping a reality and plans to expand its network over the next four years, reported Recode. Full Story
Amazon plans to open a fulfillment center and delivery station in Little Rock, AR. The 825,000 sq.-ft fulfillment center is anticipated to launch in 2021 and will create over 1,000 new full-time jobs. Amazon is also planning a 85,000-sq. ft delivery station to be installed in late 2020, providing last-mile fulfillment, reported Area Development. Full Story
Kroger chose Dentsu Aegis Network as its integrated media agency. It will be responsible for TV, radio, print, out-of-home, search, social, display, online video, and streaming audio advertising, as well as reassessing existing sponsorships. Kroger selected the organization because it offers customer research and a data-based media planning and buying approach. Full Story
Upper Saddle River, NJ (February 11, 2020) - The Food Institute, a New Jersey-based news and market research company founded in 1928, is proud to announce the appointment of Richard Bei as Chief Operating Officer and Head of Data Science.
Grocery shopping has evolved from a Main Street event (where we go to our local market frequently to purchase food and goods) to an order most anything, from anywhere, at any time online. Online shopping, which started off slowly, was initially an underwhelming choice for consumers. As the internet grew along with smartphones, more started to shop online.read more
According to recent data from the Plant Based Food Association (PBFA), U.S. retail sales of plant-based foods outpaced total food sales during the pandemic by a considerable margin. Peak panic...read more
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