Takeaways

The holiday season is expected to differ significantly from previous years.

Online retail sales are projected to increase in the high single digits.

More than 50% of consumers plan to start shopping before November.

Consumers are increasingly value-oriented in their shopping habits.

Two-thirds of sales are expected to occur in physical stores.

Consumers anticipate spending more this holiday season compared to last year.

There is a notable increase in consumers knowing what they want to buy this year.

Deals and promotions are critical for attracting holiday shoppers.

A significant portion of consumers plan to use credit for holiday spending.

The holiday season is expected to be very positive for retailers.

Chapters

00:00 Holiday Season Insights

10:10 Research and Trends for the Holidays

Takeaways

Groceryshop has ushered in a new era for the industry.

Data monetization is a significant opportunity for grocers.

Supply chain visibility is essential for managing perishables.

Frontline workers require better tools and information.

Innovation in grocery is increasingly being outsourced.

The Grocery Navigator Report offers in-depth sector insights.

Retail media is a growing revenue stream for grocery retailers.

Traditional supermarkets face challenges with an aging customer base.

Consolidation in the grocery market is expected to continue.

Digital channels are reshaping grocery shopping experiences.

Chapters

00:00 Introduction to Grocery Shop Insights

05:05 Exploring The Grocery Navigator Report

Takeaways

• Accurate demand forecasting is crucial for retail success.
• Food waste is a significant issue, with one-third of food produced wasted.
• The FRESH framework focuses on food waste reduction and hunger curtailment.
• Dynamic pricing can help manage inventory and reduce waste.
• Retailers need to incorporate external data for better forecasting accuracy.
• Promotions and events significantly impact demand forecasting.
• Technology is transforming demand forecasting through AI (artificial intelligence) and machine learning.
• Retailers must adapt to changing consumer preferences and trends.
• Evaluating demand-forecasting solutions requires understanding market potential and innovation.

Chapters

00:00 The Importance of Demand Forecasting

07:03 The Fresh Framework for Food Waste Reduction

13:50 Advancements in Demand-Forecasting Technology

19:51 Evaluating Demand-Forecasting Solutions