What the Grocery Industry Will Look Like in 2023 | Digital Grocer S5E6

The grocery retail industry is ever-changing, and the next few years will bring even more changes. By 2023, grocery stores will look very different than they do today. For one thing, they will be much more focused on delivery and online ordering. In-store pickup will also become more popular, as customers continue to value convenience. In addition, grocery stores will increasingly cater to specific dietary needs, such as gluten-free and vegan options. They will also offer more prepared foods and grab-and-go meals. As the grocery industry evolves, stores will need to adapt to survive. Those that embrace change will be well-positioned for success in the coming years.

Click on the below podcast link for more information:

https://digitalgrocer.com/podcasts/grocery-retail-economic-trends-to-prepare-for-in-2023-digital-grocer-s5e6/

In this episode of Digital Grocer podcast, hosts Sylvain Perrier and Mark Fairhurst are joined by Claire Fan, an Economist from the office of the CEO of Royal Bank of Canada. The three discuss the Canadian and U.S. economy and how current events are affecting grocery consumers, as well as what is happening from a geo-political perspective and how that will impact the economy and grocers in general.

Some of the topics covered include: the current macro state and trends with the Canadian and U.S. economy, how inflation is surging globally and what that means for grocers, how consumers are responding to the economic situation and the impact on consumer spending, strategies that grocery retailers are implementing to combat inflation and economic challenges. Throughout the conversation, Claire provides valuable insights into the current economic landscape and its impact on grocers. This episode is essential listening for anyone interested in staying up-to-date with the latest economic developments affecting the grocery industry.

In this episode of Digital Grocer, hosts Sylvain Perrier and Mark Fairhurst are joined by Claire Fan, an Economist from the office of the CEO of Royal Bank of Canada. The three discuss the Canadian and U.S. economy and how current events are affecting grocery consumers, as well as what is happening from a geo-political perspective and how that will impact the economy and grocers in general.

Some of the topics covered include the current macro state and trends with the Canadian and U.S. economy, how inflation is surging globally and what that means for grocers, how consumers are responding to the economic situation and the impact on consumer spending, strategies that grocery retailers are implementing to combat inflation and economic challenges.

The grocery retail industry is facing unprecedented challenges due to the current economic conditions. Inflation is rising at a rapid pace globally, which is putting pressure on grocery retailers who are struggling to keep up with rising costs while also trying to maintain margin levels. Consumers are also responding to the economic situation by becoming more mindful of their spending habits. This is having an impact on grocery retailers who are now implementing strategies to combat these challenges. Some of these strategies include price increases, cost-cutting measures, and promotions or sales to drive traffic into stores.

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