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Trace One serves the world’s leading global retail brands and a network of over 20,000 manufacturers. Read some of our customers’ thoughts.
13th July 2015
BOSTON, Mass., – Trace One, a global leader in private brand product lifecycle management (PLM) solutions and transparency software for retailers, manufacturers and suppliers, today announced the results of its “Consumer Food Safety and Quality” research in the United States and United Kingdom.
According to the data, an overwhelming majority of consumers say it’s important to them to know where their food comes from, and nearly two-thirds said they feel that consumers do not have enough information about their food. Meanwhile, at the other end of the spectrum, less than seven percent wholeheartedly trust the quality and safety of the food they consume.
Trace One conducted the proprietary research in May 2015 by surveying more than 1,100 consumers in the United States and the United Kingdom. In addition to examining perceptions on food safety and quality, the research also explored consumer buying behavior in relation to store brand products. The majority of respondents said they do buy store brand food products; only seven percent said that they do not. Interestingly, consumers with higher household incomes report buying store brand products more frequently than those with lower household incomes. In fact, nearly 83 percent of those in the US who have a household income of more than $100,000 reported that they buy store brands because they cost less than national brands.
“Consumers are demanding more information about the food products they purchase, but it’s clear that they still don’t trust the brands they buy from, as much as they should,” said Chris Morrison, CMO of Trace One. “Retailers need to validate their product ingredients and the origins of those ingredients, and consistently communicate that information throughout the supply chain and with consumers. If brands want shoppers to trust their products more, those brand owners must be armed with accurate and reliable product information that enables brand transparency, and ultimately builds consumer confidence and trust.”
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