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.
For example, 96% of grocers who offer media opportunities for CPG suppliers on their apps saw an increase in revenue over the last 12 months.
November 26, 2019
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.
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.
November 7, 2019
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.
November 6, 2019
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 May 2020 issue of Refrigerated & Frozen Foods magazine highlights sustainable solutions for companies along the cold chain, plus coronavirus and food safety coverage, lift truck technology, pizza innovations, new dairy and dairy-alternative products, plus much more—just click the stories below to start reading.