As we look into the future of the industry, we see many indicators of what will help or hinder both convenience store business leaders and retail grocers alike. Supply chain procurement and finance are not only expected to hold down costs in a successful retail environment, but also support agility, speed, innovation, quality and reliability. In discussing the in’s and out’s of innovation in the retail sector today, leaders must identify new sourcing ideas, resources and solutions that help meet these demands. Grocery chains can better plan for success by utilizing these four smart strategies:
1. Visibility. Technology has made it is easier for both C-stores and retail grocery chains to capture data that is needed for greater visibility from farm to fork. However, solutions that can easily provide relevant and timely information are needed to filter through growing amounts of data and complex relationships. This is particularly useful in the case of promotions where the planning horizon is very short and ending a promotion or deciding to prolong it could make the difference between success and failure.
Specialized Focus: Dive deep into the unique challenges and opportunities within the temperature-controlled food sector.
Industry Insights: Stay informed on critical topics such as energy management, packaging solutions, food safety, food processing, and supply chain logistics.
Comprehensive Coverage: Access in-depth editorial content that addresses the pressing business issues facing the chilled, refrigerated, and frozen food industry.