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Trace One’s Supplier Collaboration Program enables retailer to truly engage with their supplier community in a way that drives innovation, speeds up time to market and ensures both teams are efficient.
Trace One Insight removes data silos, improving efficiencies, time to market and business performance.
Amazon’s acquisition of Whole Foods sent a new shockwave through the U.S. (and global) retail market. The sector had already faced unprecedented disruption from digital transformation, assertive consumers, and compliance constraints.
Grocery retail is among the sectors that upcoming Brexit negotiations may shake up. As the UK separates from the European Union (EU), the country will need to start sourcing grocery products from other countries,such as the US, Japan and Germany, which may lead to different products, ingredients and standard for Britain’s supply chain.
To keep consumers safe, earn brand trust and stand out in the crowded grocery sector, U.S. retailers and suppliers must understand and adapt to compliance and trends affecting their private label and national brand food products.
When food safety scandals like the European's egg crisis strike, both retailers and suppliers are subject to investigations, and word spreads quickly. Big or small, recalls greatly impact customer loyalty as consumers tend to remember product recalls well.
Private Label brands are critical to a retailer’s value image, supporting margin and profitability. Tools and networks are becoming more mature and accessible, making it easier to develop Private Label products. Due to all of this, private labels will likely expand throughout the U.S. in sooner than five years
During last week’s Global Food Safety Conference, the leaders of the food retail and manufacturing industry discussed numerous topics, including the push for future growth and innovations working to keep food safe from farm to fork. While the topics ranged from panel to panel, there was one collective and overarching focus on the minds of attendees and experts which was the desire to create a stronger food safety culture.
To remain relevant, companies must base their business decisions on market intelligence. And yet: all too often meaningful consumer insights are not taken full advantage of throughout the supply chain. Closer collaboration between retailers and suppliers could change this.
The private label market continues to be marked by intense competition and economic uncertainty. However, with almost half of survey respondents saying their product development is inhibited by the use of generic and offline tools, there is, it seems, plenty of potential for stakeholders to up their game and take better advantage of the opportunity private label offers their business.
To meet the increasingly specific requirements of a well-educated, discerning customer base, retailers need to keep offering innovative products that deliver both quality and choice. When each partner focuses on their respective strengths and adheres to consistent private label communication processes, they put themselves in the best possible position to create products that meet – and exceed – the expectations of today’s demanding shoppers.
On May 20, 2016 the FDA finalized the new Nutrition Facts Panel (NFP) label for packaged foods. The new label will include the addition of new nutrients such as ‘Added Sugar’, changes to calculated %DV per serving value and additional columns on multiple servings, enabling consumers to make better informed food choices. With the final rule becoming effective on July 26, 2016, Private Label retailers and manufacturers are tasked with being 100% compliant by July 26, 2018. Are you ready?
Food Waste is a global problem: according to the UN 30-40% of the world’s annual cereal production is lost through waste each year. While this is a very complex problem that has its roots throughout the supply chain, retailers can more effectively manage the challenges if they know their supply chain and use that knowledge to build a solution.
According to recent research and Freedom of Information requests made to health authorities, hospital admissions in England due to food reactions rose from 2,758 in 2004 to 4,744 in 2015, showing there is a growing need for food products for allergy sufferers. This is supported by research from the US where The Centers for Disease Control and Prevention found that food allergies among US children increased approximately 50% between 1997 and 2011 and currently 15 million Americans have food allergies. Transparency of information is essential to ensure consumers can make informed food decisions and protect themselves against risk.
Last year, Halloween delivered £325m in sales in the UK and $6.9 billion in sales in the US – retailers and suppliers will be keen to exploit the period’s growing potential this month. There are a number of important steps that retailers and manufacturers can take during Halloween to innovate in private label products, engage with consumers, and make the most of this multi-million pound opportunity.
Consumers are now demanding more information than ever. The growth of the internet and the spread of mobile devices mean that information on almost any subject is at our fingertips. This is revolutionising the way that people work, play and shop. we are entering an “Age of Disruption,” where retailers that deliver a customised experience to consumers across all devices will be the most successful.
The last week of June saw the arrival of The Consumer Goods Forum Global Summit in New York, where Trace One was in attendance along with some of the biggest names in the food and drink industry. One of the main themes discussed was the importance of consumer trust within the industry, and why retailers...