I recently discussed the food retail supply chain with a group of industry professionals who eat, breath and live it every day. During GS1 Connect, hosted by GS1 US, I presented on a panel discussion along with John Phillips, PepsiCo, Inc. and Chris Adams, Ahold Delhaize USA to present, analyze and discuss supply chain trends, especially those with staying power. Here are some insights from the conversation:
Information is Power
If there is one overarching trend within the industry supply chain that is both driving change and likely to stay, it is consumer’s demand to know more about their food. For example, according to FMI’s 2019 U.S. Grocery Shopper Trends report, the average shopper looks for six different claims on the front of the product package, and 70% say having “accurate information displayed at the shelf or with the product” is very important to them. SmartLabel®, and other technologies that give consumers in-depth details about products are part of the future of supply chain transparency.
On Demand Supply Chains
There is a need for speed. With consumers becoming accustomed to daily delivery and hourly pick up, there will be an increased focus on how to improve and leverage the end-to-end supply chain. Our supply chain networks will need to become efficient and move faster than ever before, and we’ll see a continued collapse of cycle times as processes continue to get faster and smarter.
To read the rest of the story, please go to: Food Marketing Institute