Final Jeopardy!: Navigating Disruption in Food Retail
Raise your hand if you’re a fan of the long-running TV show Jeopardy! Isn’t it satisfying when you can answer the question, especially if the contestants are stumped? Considering all the disruption today in the food industry, don’t we wish we had the answers to all of today’s challenges?
Food Retail as a Social Network
Food retailers are embracing their roles as arbiters and curators of these food experiences, so we recognize the need to challenge FMI’s ways of communicating the priority issues of food retail to better depict our members’ dynamic marketplaces.
The Future Is Now: Food Retail Establishments Becoming Health and Wellness Destinations
While food trends may change as quickly as your Instagram feed refreshes, health and wellness in food retail continues to grow into a mainstay in food purchase decisions. Food retailers report the top two trends they believe will most positively impact sales and profits are, first, consumers’ desire to place health and wellness as a value over price or brand loyalty (82 percent) and, second, consumers’ desire to use their food choices to manage and avoid health issues (77 percent).
The Expanding Universe: Food Retail Keeps Pace With an Evolving Definition of Sustainability
The definition of sustainability has evolved enormously over the past decade, expanding into the broader concept of corporate social responsibility (CSR). When we talk today about sustainable supply chains, it doesn’t just cover the environmental and energy issues at the core of FMI’s early work on the topic, but also areas like human/labor rights, sustainable sourcing, animal welfare, and food waste.
The Freshest Source for Information
Food retailers understand that the fresh experience is dictated by the new expectations of a more engaged consumer, so it’s important for FMI to keep its finger on the pulse of the shopper, helping food retailers navigate consumers’ demands – and aspirations – for their produce, meat, seafood, bakery and foodservice items.In order to better know our audience and the environment, our organization commissioned notable research across the fresh departments.
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