Future of Retail

19
Nov

What does Behavioral Economics & Pricing Have in Common?

Using Behavioral Economics To Optimize Pricing In Grocery Here’s how we make purchasing decisions: We decide to buy something in the blink of an eye, triggered by the emotion centers of our brain. We then spend however long it takes to justify that decision using logic. If you buy a $2 million Bugatti and you have five kids and a

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5
Nov

The Psychology Behind The Physical Subscriptions Phenomenon

The Psychology Behind Why We Love Physical Subscriptions Consumers love the unexpected even if they are expecting it! Take the latest trend with subscription services (Dollar Shave Club, Stitch Fix, Milk), all these items are things shoppers can go out and buy on their own but instead, they elected to join an elite list of consumers that receive their package on a

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29
Oct

Coopetition: A New Strategy To Ignite Innovation

Coopetition: A New Strategy To Ignite CPG Innovation The tried-and-true model CPG companies and grocers have been operating with needs to be modernized. That is, the competition model of fighting for the same space with fairly similar products, guarding statistical analysis data, protecting secrets—some of them legitimate trade secrets, some not so much. Small and large innovators including Amazon is

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15
Oct

What Is Order-To-Shelf Technology?

What Is Order-To-Shelf Technology? In the world of supply chain innovation, Order To Shelf Technology is the next big thing. In 2016 Whole Foods and Target both switched over to this ordering process and have seen significant results (some good and bad). Now when store employees put in an order they provide a precise count of products needed for replenishment instead of a

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1
Oct

Client Success: Solving Phantom Inventory Issues Through POS Data

Client Success: Solving Phantom Inventory Issues Through POS Data Phantom Inventory has always plagued the CPG industry and previously it was just too complex to address. However, now with POS data and reporting algorithms readily available reps are quickly and economically correcting  Phantom Inventory and boosting On-Shelf Availability (OSA). Below is a client success story highlighting their use of POS

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17
Sep

Can Robots Help Reduce On-Shelf Availability Concerns

Can Robots Help Reduce On-Shelf Availability Concerns It slides along the grocery store aisles, registering out-of-stocks, low stocks, price errors and misplaced items and goes by the name Tally. Tally the invention of Simbe Robotics, does the work that seems too boring, too repetitive, and too menial for humans to do, and too expensive for retailers to pay for. It

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27
Aug

Why Grocers LOVE Fact Selling Presentations From Their CPG Partners

Why Grocers LOVE Fact Selling Presentations From Their CPG Partners There’s almost nothing more frustrating for a grocer than an unproductive meeting with a supplier.  To avoid being a nuisance here are three fact selling tips every CPG supplier should follow. 1) Stop Pushing and Start Listening  You’ve got 10 amazing products but your retailer only has time for the top

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14
Aug

Are College Starter Kits The Next Opportunity for Retail Grocers?

Are College Starter Kits The Next Opportunity for Retail Grocers? With thousands of college students heading to school within the next few weeks, grocers have a great opportunity to grow their Gen Z customer base as 70% of those who attend a public institution live at least 1-2 hours from their home and will be looking for a reliable local grocer

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31
Jul

It’s Time To Get Serious about Private Label & Pricing

It’s Time To Get Serious about Private Label & Pricing In the past, private-labels boomed when a recession hit because consumers were trading their beloved national brands in for cheaper store brands. Yet, younger consumers tend to be less loyal to certain brands and grocers are taking notice. Today’s consumers prefer foods that avoid a long list of additives in their

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6
Jul

How The Gig Economy Can Help Solve Retail Grocer’s Workforce Worries

How The Gig Economy Can Solve Retail Grocer’s Workforce Worries A study by Intuit predicts that by the year 2020, 40% of American workers will be a part of the gig economy, or in other words: “a freelancer”. What’s the force driving the push to become a part of the gig workforce? The biggest reason is the digital age —

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