Staying Competitive in Grocery Retail: The State of the Industry
Survey-Based Research Study | 2023
In the fourth quarter of 2022, RELEX Solutions partnered with Elastic Solutions to conduct a survey-based research study of North American retailers, including supermarkets, discount stores, convenience stores, and specialty foods. More than 105 food retail professionals participated in the survey. Fill out the form to get access to the free report.
Key findings include:
The impacts of inflation (58%) and retaining workforce (47%) are the top challenges for grocery retailers today.
Improving supplier/CPG collaboration (55%) and increasing online profitability (52%) are key focus areas in the next 12-18 months.
74% of retailers said that fresh products are essential to their business, and all but 2% of the rest attribute some level of importance to managing fresh.
Store operations efficiency is an essential component of fresh item management.
Increased forecasting frequency and granularity are helping fresh leaders manage rapid demand shifts and seasonal challenges.
RELEX Solutions helps retailers and consumer brands drive profitable growth across all sales and distribution channels by maximizing customer satisfaction and minimizing operative costs. Our market-leading, unified supply chain and retail planning platform helps retailers and consumer goods companies align and optimize demand, merchandise, supply chain, and operations planning across the end-to-end value chain. We drive record-high product availability, increased sales and margin, improved sustainability, and the best return on investment in inventory, space, workforce, and capacity. Leading brands like Autozone, Stokke, Tractor Supply Company, Rite Aid, Sprouts Farmers Market, Vitamin Shoppe, and Family Farm & Home trust RELEX to optimize their supply chain and retail planning.