Adekunle Oludele’s Post

Learn how to minimize the impact of disruptions on grocery store shelves and ensure a steady supply of essentials to customers. https://lnkd.in/dE25jr4Z #GroceryStoreManagement #SupplyChainResilience #FoodRetailing

Learn how to minimize the impact of disruptions on grocery store shelves and ensure a steady supply of essentials to customers. https://lnkd.in/dwvPmCtU #GroceryStoreManagement #SupplyChainResilience #FoodRetailing

Average food wastage in fresh grocery retail stands at 5.5% of fresh revenue. The ability to bring this share down has direct implications for the bottom line, and improving fresh perception can drive additional sales across categories. A best-in-class approach for grocery retail recognizes the differences in demand patterns and will tailor the assortment accordingly to curb avoidable waste while maintaining availability > https://owy.mn/4f0VfRz #grocery #retail #WasteReduction

US #grocery consumers are increasingly prioritizing low prices, quality products, and a favorable shopping experience, challenging #retailers to excel in all three areas. Differentiation is crucial: focusing on affordability, fresh offerings, or convenience can help capture greater market share. Discount chains, for example, are expanding rapidly, driven by their affordability and improved fresh food selections. Learn more about these retail strategies and how to adapt in this insightful article. https://on.bcg.com/4aPd42z

WHITE PAPER: Over the last decade, and even more so in recent years, cstore retailers have put significant time, effort and investment into developing high-quality fresh food offerings that meet the needs of today’s time-starved consumers. #cstore #survey #foodservice #CSNewsOnline

Join us for this week's WEBINAR where we'll discuss how private label, fresh food management and sustainability enable grocery retailers to think strategically about the brand experiences they want to create and the loyalty they want to drive. REGISTER: https://ow.ly/29G050RcGIF #foodretail #grocery #supermarket Oracle

If you've noticed your grocery cart feeling a little lighter lately — without the price tag changing much — you're not imagining it. More and more companies are adopting #shrinkflation, a practice where product sizes shrink, but prices stay the same (or even go up slightly). This trend started as a way for manufacturers to navigate the #supplychainshortages during the #pandemic. By reducing the quantity or size of products, companies could manage rising costs without alarming customers with dramatic price hikes. But it seems shrinkflation is here to stay, even as inflation slows. Take Tropicana, for example: they've reduced the size of their orange juice bottles from 52 oz to 46 oz — without dropping the price. It’s not just juice, either. A third of common grocery items are shrinking, including family-size cereals (like Frosted Flakes, which went from 24 oz to 21.7 oz). This means per-ounce prices can jump significantly — in some cases by as much as 40%. While some shoppers may feel deceived, experts argue that consumers are more sensitive to #priceincreases than shrinkflation itself. However, as Matt Riesenbach, Product Management Director at ECI Software Solutions, points out, shrinkflation is evolving into a long-term strategy, not just a temporary cost-recovery tactic. #ConsumerTrends #GroceryShopping #Retail #SupplyChain #Inflation #CostManagement

Retail food product packaging must meet the expectations of customers while also providing protection, convenience and product placement in stores. Fortunately, there are several strategies manufacturers can use to optimize packaging to appeal to grocery store buyers. Learn more on our blog: https://ow.ly/f0iX50RfGuk

🛒 Elevate your fresh retail game with RELEX Solutions's guide on achieving the perfect balance. Explore how retailers can optimize order accuracy, streamline store operations, and embrace long-term planning for sustained success. Uncover the secrets behind reducing spoilage, improving availability, and ensuring profitability in the ever-evolving grocery landscape. Give the guide a read and stay ahead of the curve! #Retail #SupplyChainManagement #inventorymanagement 

Did you know supermarkets lose an average of 31% of potential lunch-hour customers due to long queues? The revolution in self-service food retail isn't just about convenience – it's about transforming the shopping experience. Having spent 15 years in retail optimization, I've witnessed firsthand how quality self-service equipment can be a game-changer. Many don't realize that • Premium self-service stations can increase customer dwell time by 22% • High-end equipment reduces food waste by up to 40% • Temperature-controlled units extend fresh food shelf life by 4-6 hours. But the real magic? It's in the details. When customers interact with well-designed, reliable equipment, they're not just buying food – they're buying into an experience that respects their time and preferences. What's your biggest frustration with current ready-to-eat options in supermarkets? Please share your thoughts below, and let's talk about how we can revolutionize the retail food experience.