The end of the year is fast approaching, which means next year’s trend forecasting should be on your radar. Keeping an eye on trends can play an integral part in ensuring grocery store shelves stay stocked, especially with ongoing supply chain issues. Here’s what experts say you should know for the upcoming year.
“Inflation” has been the topic on everyone’s mind this year, with food prices reaching a 9.5% increase from 2021. The good news is the rise of grocery costs is expected to slow greatly in 2023, according to the USDA. Consumers should only notice their grocery bill going up 2.5%-3.5%. For reference, the 20-year average was 2.4% annually.
Whole Foods Market recently released their top 10 food predictions for 2023, which includes buzzworthy products and ingredients. Every year, 50 team members from various backgrounds make up the Whole Food Market Trend Council. They use their collective expertise and decades of experience with consumer preferences paired with in-depth workshopping and research to predict what the next year may have in store. The trending products include:
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It’s no secret that the pandemic forced many to rely on home delivery of groceries, but the trends are showing that many continue to prefer it. Food Logistics has released its predictions for the future of last-mile delivery. Spoiler alert: delivery is here to stay.
So what do grocers need to know? The publication predicts that grocery stores that integrate last-mile delivery and are able to adapt to changes in scale quickly will come out on top in the long run. Utilizing tech in grocery stores not only improves user experience, but allows grocers to access a well of customer data to improve store functionality.
Trend prediction is in large part just analyzing your customer’s spending data. Adopting new technology into your business ensures you know how your specific clientele shop and allows you to offer more customized solutions. Speak to a representative about what innovative technology you can incorporate to stay on top of your customer’s trends.