8 Trends That Will Shape The Grocery Industry In 2023 Grocery The lingering impacts of inflation, the growth of retail media and the full return of the store shopping experience will have a significant impact in the year ahead, experts predict. published jan. 4, 2023. by grocery dive staff. solstock via getty images. this story is the first in a series on key trends that will impact grocers in 2023. When examining the grocery industry’s prospects in 2024, it’s hard to overstate the significance of the kroger albertsons merger. if the federal trade commission allows the $24.6 billion deal to proceed — or if the grocer prevails in federal court over a challenge from the agency — it would reshape the competitive landscape in the u.s.
8 Trends That Will Shape The Grocery Industry In 2023 Consumer A Pardon the disruption is a column that looks at the forces shaping food retail. the past few years have presented distinct narratives for the grocery industry. 2020 was the covid year, while 2021 was the year online grocery vaulted to new heights. last year was the year inflation took hold and consumers began to closely watch their spending. Still, the threat hasn’t gone away entirely: food prices still rose 4.9 percent year over year through july 2023, fueled by a 7.1 percent increase in food away from home costs during this period. 3. these twin trends have had predictable results. in a mckinsey survey conducted in july 2023, two thirds of consumers reported spending. New year 2023 food trends. getty. 2023 will be a challenging year for food retail and cpg, but what else is new? nearly 3 years into a pandemic induced hangover, the grocery industry continues to. Trend: tech acceleration. food technology is a $220 billion industry and continues to grow. grocers will turn to tech to solve issues, such as the labor shortage and rising costs. technology can replace humans for repetitive tasks so its use will accelerate. a format such as amazon go eliminates cashiers.
8 Trends Expected To Dominate The Grocery Industry In 2023 Graceland New year 2023 food trends. getty. 2023 will be a challenging year for food retail and cpg, but what else is new? nearly 3 years into a pandemic induced hangover, the grocery industry continues to. Trend: tech acceleration. food technology is a $220 billion industry and continues to grow. grocers will turn to tech to solve issues, such as the labor shortage and rising costs. technology can replace humans for repetitive tasks so its use will accelerate. a format such as amazon go eliminates cashiers. 5 niq, total us xaoc, – value retailers (mass club dollar) 4 weeks ending april 27, 2024 * value retailers dollar share of market. 6 niq, total us xaoc, – promotional dollar sales 4 weeks ending april 27, 2024. 7 niq, omni sales – 52 weeks ending march 30, 2024. 2024 has been challenging and many grocery brands are feeling the pressure. 10 grocery trends to watch: 1. reduced overall spending, 2. operational transformation, 3. digital at the heart, 4. in store experiences.
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