The current state of grocery inflation and how it's affecting retailers | Digital Grocer S5E5

Grocery inflation has been a persistent concern for retailers in the grocery marketplace for the past few years. grocery retail companies have been experimenting with different ways to mitigate the impact of grocery inflation on their business. Many grocery retail companies have focused on reducing costs in their supply chain, while others have passed along the cost of grocery inflation to consumers through price increases. grocery inflation has also had an impact on the types of products that grocery retailers offer for sale, as well as on the format of grocery stores. The impact of grocery inflation on retailers is likely to continue to be a significant challenge in the grocery marketplace.

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In this episode of the Retail grocery podcast, Sylvain Perrier and Mark Fairhurst welcome John Lucot, retired President and Chief Operating Officer of Giant Eagle, as they discuss the effects of grocery inflation on retailers. Lucot shares his insights on what is happening behind the scenes in terms of merchandising and operations and how retailers are responding to the challenge of inflation. He also discusses how the pandemic has affected grocery delivery and pickup and how that is likely to continue in the future. This is a must-listen episode for anyone involved in the grocery industry or interested in learning more about how inflation is affecting retail. Lucot's experience in the grocery industry makes him uniquely qualified to discuss these topics, and his insights are sure to provide listeners with a better understanding of the current retail landscape.

This grocery podcast takes a deep dive into the fascinating and expansive world of grocery eCommerce. Now considered essential, online grocery shopping serves the basic life needs for a growing number of consumers and households. With safety concerns top of mind for shoppers in the U.S., more than 50% have changed the way they shop. Online grocery is also a highly competitive marketplace expected to grow to 20% of total grocery food sales by 2025.

Podcast hosts Sylvain Perrier and Mark Fairhurst interview retail executives, industry leaders and technology innovators in a lively, unscripted conversational format to explore today’s hot topics and tomorrow’s trends in retail grocery guaranteed to inform and entertain.

The grocery eCommerce has been on the rise even before the pandemic hit. The pandemic acted as grocery delivery and grocery pickup accelerator for many grocery retailers who were able to quickly pivot and meet the needs of their customers. Many grocery retailers saw an increase in sales and new customer acquisitions. Post-pandemic, grocery eCommerce is expected to continue to grow at a rapid pace. In Part 1: Grocery eCommerce: Post-pandemic insights and strategy, the hosts were joined by Zac Wilson, the Director of eCommerce at Raley’s Supermarkets, where they discussed what has occurred coming out of the Pandemic, how Rayley’s responded, the early impacts of inflation and how it is affecting eCommerce, and how that has affected grocery delivery and pickup. Some key takeaways from the conversation include the importance of building trust with customers, being agile and responsive to change, and having a diversified omnichannel strategy. For grocery retailers looking to stay ahead of the curve, this conversation is a must-listen.

Named as a Top 10 Influential in Retail 2020 and a 2019 Grocery Game Changer, Sylvain Perrier is a true digital retail trailblazer.