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Sun says many LS Retail customers or prospects are now looking at some form of contactless shopping or self-service features, especially supermarkets, convenience stores, quick-service restaurants, and casual dining. In the past, many retailers were content with their outdated solutions fulfilling basic business operations.
Interest in private label products, from supermarket-branded foods to Amazon Basics hard goods, have been on the rise for the past several years. Retail was already shrinking in terms of floorspace: total square footage dropped by 4.4%. With nearly 60% of retail square footage in the U.S.
But if retail is changing, then manufacturers and suppliers (as well as retailers) need to adjust their strategies and plans to address each of the trends, to realize the huge opportunities that each offers, and to ensure that the (equally huge) threats they pose are understood and mitigated. Retailers operate on slim margins.
A Hema supermarket in China. By Tricia McKinnon If you want to know what the future of retail looks like perhaps it’s time for you to take a trip to China. China is considered to be two to three years ahead of the United States when it comes to merging digital with offline retail. Stores as fulfillment centres.
Now retailers are doubling down on AI for faster processes that make the customer experience more convenient. Walmart added AI to its fulfillment processes to fill online orders faster. Walmart to build local fulfillment centers at dozens of stores. Supermarket News. Supermarket News. Supermarket News.
Another priority for retailers is to focus on digitalizing the store. French supermarket Carrefour has launched Carrefour Flash , a fully digitally-connected store that uses technology to enable consumers to choose products in the store and go directly to check-out, where their baskets are automatically displayed. In the U.K.,
“In fact, we saw the acceleration of offline retail as well—there’s more of a shift toward a true omnichannel integration.” Create a true omni-channel retail chain. With the New Retail strategy in place Alibaba made a move into physical retail in 2016 by opening a chain of futuristic supermarkets called Hema or Freshippo in English.
Up to half of Australia’s transport workers are off sick every day, interrupting the supply to supermarkets, the Transport Workers Union has said. The major supermarkets all report shortages of products including fruit, vegetables, and meat. Meanwhile, costs are only headed in one direction.
This trend analysis can give U.S. and global consumer packaged goods (CPG) suppliers and retailers clarity on adapting to and satisfying consumers’ evolving needs. Overarching RetailTrends. Supermarket News. Global Trends. What 2021 retail and CPG trends would you add? Supermarket News.
So it fulfils our strategic desire to make sure our customers can shop with us wherever, whenever and however they want.” If you do subscribe to our retailtrends newsletter to get the latest retail insights & trends delivered to your inbox. Retail media. Source: Bloomberg. Do you like this content?
Recent labor shortages prompted some supermarket chains to shorten their store hours. As labor shortages reduce productivity, Amazon redirected inventory to fulfillment centers with sufficient staffing, adding $2 billion in labor inflation costs and $2 billion in operational disruption costs. 14 Lempert, Phil. November 1, 2021.
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