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CPG players will see increased integration of robots throughout the industry, growth in frictionless shopping experiences and enhanced ability to cater to consumer shopping experiences through computer vision.
As we enter the next “roaring 20s,” retailers and CPG organizations will experience technological revolutions involving sophisticated AI tools like prescriptive analytics and innovation in mobile devices and robots that will lead to increased productivity, optimized shopping and employee experiences and greater customer satisfaction.
Consumers aren’t eating as well as they’d like to, and that’s an opportunity for growth in consumer packaged goods (CPG), according to a report from Nielsen, New York.
It takes a lot of people from a lot of different parts of the country to put quality, safe, healthy, delicious food on the table for you and your families.
dunnhumby, London, released The Future of Retail Revenues Must Be Data Led, a commissioned study conducted by Forrester Consulting, Marietta, Ga., that found 85% of grocery retailers globally lack the capabilities, technology, people and processes to use insights to monetize their data and drive customer experience.
Some predictions include higher demand for pet products, integration of the in-store and online shopping experience and non-traditional channel growth.
The research found that sustainability-marketed products delivered 50.1% of market growth from 2013-2018 while representing 16.6% of the CPG market in dollar sales in 2018.
NYU Stern Center for Sustainable Business (CSB), New York, and IRI, Chicago, launched a new Sustainable Market Share Index, an in-depth analysis of consumer purchases of products marketed for their sustainable attributes.
Verified by GS1 makes it possible for CPG brand owners to consistently share a core set of attributes, including the product’s GTIN, brand name, product description, product image URL, global product category, net content and unit of measure and country of sale.
GS1 US developed Verified by GS1, designed to provide consumer packaged goods (CPG) retailers and marketplaces with brand-verified product data, creating a global, cloud-based GS1 Registry Platform of unique product identifiers and attributes.
The acceleration of U.S. private label sales growth saw an uptick from 2.2% in 2015 to 5.8% in 2018, with annual sales growing four times faster than national brands.
The CPG industry is undergoing significant change, with consumer preferences shifting rapidly and retailers adapting in the face of heightened competition.
