FI Fast Break audio news: March 6, 2024
The latest FI Fast Break news podcast touches on Amazon’s newest plans for Whole Foods locations in urban areas.
Tag: retail > Page 3
What’s on the Horizon for CPG Companies in 2024?
In 2023, we also saw a growing trend among consumers to adapt their buying habits to save money by trading down and prioritizing cost savings over quality, with 66% of consumers seeking out less expensive goods in 2023.
CPGs Need Fresh Strategies Beyond Price Increases in 2024
“Tomorrow’s winners will vary how they generate demand across their portfolios, with mass activation for their biggest brands and more targeted treatment for niche and insurgent brands,” Kyle Weza, global co-lead and brand accelerator for Bain & Company, said in the report.
Feel This Moment – Walmart Teams Up with Pitbull, Again
The Pitbull-launched intra-store restaurant is part of a larger, $9 billion plan to make “upscale changes” to stores and bring in more recognizable and coveted brands and influencers. For Walmart, pairing with the king of collaborations is a natural choice.
FI Fast Break audio news: Feb. 28, 2024
The latest FI news podcast touches on the dip in consumer confidence in February, the sugar elimination craze, and more.
Great Plains Debate: Should Bison Become ‘The Other Red Meat’?
Nutritionists hail bison as the other red meat, not that different in taste and nutrients from beef, but with a greater concentration of iron and fatty acids along with less fat.
Appetite for Reduction: GLP-1 Drugs Fuel Grocery Decrease
The market for GLP-1 drugs is expected to reach $100 billion by 2030. Manufacturers and brands who want a piece of the low-sugar pie, so to speak, will have to offer the same.
Cereal Manufacturers Desperate to Boost Sales
Americans are turning away from breakfast cereal, and that’s got cereal manufacturers seeking fresh innovation to bring consumers back to their bowls and the breakfast table.
Understanding Why Regenerative Agriculture is the Fastest-Growing Green Theme
“Brands that genuinely commit to regenerative agriculture can build strong connections with consumers who prioritize regeneration,” says Michael Ham of Wild Orchard Tea Company. “This can result in long-term brand loyalty and positive associations with environmental responsibility.”
Report Reveals Scarcity of Retail Innovation
From number-crunching untold volumes of data to helping streamline inventory, supply chain, and predictive market trends, there is no digital limit to what AI can help operators achieve.
FI Fast Break audio news: Feb. 21, 2024
The latest Food Institute Fast Break news podcast touches on the trend of “AI washing” by some major businesses.
‘Rufus, Fetch My Next Outfit’: Amazon Unveils AI Shopping Assistant
Critics and analysts alike are keen to understand who stands to benefit most from this technology – whether it will primarily serve Amazon’s interests by increasing sales and customer retention, or genuinely improve the consumer experience by offering more personalized and convenient shopping solutions.
A New AI Era for Foodservice Distributors
As more distributors move to online ordering, organizing data is essential to providing operators with info like analytics. AI can help.
Consumers Award Better-for-You in New Product Survey
Despite some titans of the pantry and cookie jar winning in their categories (Keebler’s Chips Deluxe Fudgy in the Cookie category; Dr. Pepper Strawberries & Cream in Soft Drink), better-for-you offerings not only abounded but won several snacking categories.
Taking Stock of Wellness: Target Launches Wellness Initiative
The least expensive products will start at just $1.99 and range from apparel to supplements, vitamins to technology, and more. Many of the offerings will be exclusive to Target and complement its dedicated online wellness destination that features ideas, meal inspiration, and more.
Why Legacy Beverage Brands are Revamping Their Image
Dunkin’ Donuts’ shift to simply Dunkin’ serves as the gold standard in the contemporary rebranding landscape.
The Fiercest Battle in Retail: Foot Traffic, Trips, and Loyalty
EV charging stations outside, stores within stores inside, sprawling beauty sections, niche products, reimagined loyalty programs – the battle for foot traffic is cutthroat as the economy roars to life.
FI Fast Break audio news: Feb. 14, 2024
The latest Food Institute Fast Break news podcast discusses the demise of a noteworthy plant-based seafood brand.
Is Self-Checkout a Consumer Terminator? Retail, Robots, and More in 2024
There’s also an interesting feedback loop occurring in American consumerism – the tighter the budget becomes, and the more stressed people feel, the more demands they have regarding how they’d like to be accommodated while shopping.
FI Fast Break audio news: Feb. 1, 2024
The latest Food Institute news podcast looks at AI’s potential impact on labor, based off a recent university study.
Chocolate Purchases Dip Despite Candy Viewed as Energy Boost
A new report from Mintel suggests one-third of Americans rationalize purchasing chocolate as an energy boost. Meanwhile, new research suggests a direct connection between dark chocolate and reducing factors that contribute to essential hypertension.
2023: The Year of Private Label Sets the Stage for 2024
Millennials grew up with store brands and they see them for what they are – a brand. Without a doubt, there is a transformation taking place in the private brand mainstream tier where products are moving away from strict equivalency to national brands and becoming true national brand alternatives.
Walmart Defines Adaptive Retail, the Next Evolution in Shopping
“Choose a future that puts people first – if we keep doing that, we can help people around the world live a better life. That’s what we want to do – that’s the world we want to help create.”
Analysis: Albertsons’ Healthy Eating Incentives Could Set Industry Trend
“In the sea of nearly identical programs, grocers are racing to keep up by adding perks such as free delivery or bigger buy-one-get-one savings,” Upside’s Thomas Weinandy said in a blog post.
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Mochi Mania Reaches Donut Shops
Mochi donuts are a mix between American-style donuts and Japanese mochi and originated in Hawaii. Mochi donuts are typically circular, like an American donut, but are pieced together with eight small balls that can be pulled apart and come in many different flavors.
Will Beef Prices Stay Elevated into 2024?
Looking ahead, Zimmerman noted that prices would likely increase in the new year, but the magnitude of that increase would likely be more subtle in 2024.
Prominent Doctor Fears Impact of TikTok Diet Trends
Americans are getting away from healthy habits like meal prepping and perusing produce aisles. Instead, many consumers opt for quicker, more convenient food that often include preservatives and copious amounts of sugar or oils.
So You Want to Start a CPG Company
“It’s not KETO, it’s not gluten-free, it’s not upcycled grain or something super narrow – it’s a business at the end of the day that needs to make money,” he said, “and if it’s good enough for Erewhon, it should be good enough for many people.”
How to Shelf Actualize in Grocery & Retail
“Grocers now have more technology at their disposal than ever before, and effectively leveraging this data to drive in-store performance has become increasingly difficult,” Boyle said.
A Hallmark Movie, but Make it Shoppable: Walmart’s Add to Heart
Airing on three platforms (YouTube, Roku, and the pocket-laden TikTok) and also playing in stores, Add to Heart is nothing if not a bold step into the media-laden retail environment increasingly influenced by in-store retail media networks.
2024 Tech & Digital Trends in Restaurant & Retail, Part 3: The Loyalty-free Consumer
Monolithic allegiance has given way to the brands and companies that can provide the best, most convenient, and value-driven experiences, making every consumer a seven-headed hydra.
Consumers’ Cookie Craze Picks Up the Pace
Nostalgia and fond memories have kept cookies popular and the treats remain a favorite because of their portability and versatility.
Get Real! How to Achieve Authenticity & ‘Rizz’ in FoodBev
And that’s OK. In many ways, being authentic isn’t about the best product or service or value or lifestyle; it’s about being human, which is being vulnerable. Vulnerability is the heartbeat of authenticity, the subtle brand drumbeat that brand advocates and consumers can hear. Without a heartbeat – without being occasionally vulnerable – it will be hard to resonate and grow the brand in a way that feels organic, fresh, and authentic.
Organic Growth Continues, Even Amidst Inflation
The quarterly percentage of American adults who say they purchase organic food regularly (or, “every chance I get,”) is up two percentage points since the first quarter of 2021, reaching 12%.
The Rich History of National Butter Day
U.S. milk and butterfat production experienced parallel growth at 24% from 1995 to 2010. Since then, however, production has exploded, particularly for butterfat, pushing 27% growth.
In-Store Shopper Traffic Visibility Fuels New Growth Opportunities at Retail
SIRL’s mission is to build the most scalable, robust, accurate, and feature-rich Real-Time Location System (RTLS), and to broadly take this technology to a multitude of markets.