#ColumbiaAgenda: Swampfox Technologies, Grocery Store Trends, Club Drug Cousin Gets FDA Approval, The Last Blockbuster, Renting Pillows
Mar 08, 2019 09:51AM
● By Chris Haire
Online Ordering and Delivery and Other Supermarket Trends: Earlier this week, it was revealed that Amazon would be launching a new grocery chain in an expansion of their delivering-to-your-doorstep empire, according to the Wall Street Journal. This brand will reportedly be separate from Whole Foods, which Amazon acquired in late summer 2017.
That acquisition hasn't been without headaches, including reports of sparsely stocked shelves. However, costs on some items have dropped, although recent reports indicate prices are rising at the retailer.
While online shopping has been introduced in markets across the country -- the big boy of the big box world, Walmart, has been offering online ordering and onsite pickup for several years now -- online shopping remains a tiny segment of the grocery industry, boasting a market pentration of 3%, with only 6% of total shoppers using online services more than once a month, according to a recent survey.
Still, few, if any, experts believe these figures will remain this low in the years to come.
Online shopping and delivery aren't the only trends impacting the grocery business. The consumer packaged goods marketing agency Acosta predicts a number of impacting factors for the industry, from the resurgence of frozen foods to the continued renaissance of the in-store shopping experience (think: Lowe's Foods) and the rise of CBD additives.
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FDA Allows Treatment of Depression with Club Drug's Cousin (Manufacturing.Net)
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