Nearly All Food Firms Expect Food Retailing Changes To Impact Their Business In Next Decade
Changes in the retail food marketplace
will impact 92% of food companies, according to a survey
conducted by The Food Institute in which 44% foresee
significant changes. More and more non-grocery retailers
are entering the food retailing arena and within the
next decade non-traditional retailers will sell more
food and consumables than traditional grocery retailers,
according to Willard Bishop's yet to be released. The
Future of Food Retailing Report, the results of which
will be discussed at a June 20 webinar. Indeed, every
week, there are reports of new retailers getting into
food retailing, notes The Food Institute Report, published
weekly by the 78-year old Food Institute.
"Key to meeting the challenges of the new food
retail marketplace will be manufacturers' ability to
help retailers create growth. In fact, it will be critical
to their survival," said Jim Hertel, Senior Vice
President, Willard Bishop, a food retail consulting firm
based in Barrington, IL.
The survey of readers of the Food Institute Daily Update
e-mail was conducted in early June and followed another
survey in which two-thirds of respondents said they "thought" they
are ready to meet the challenges of the new food retail
marketplace.
In the upcoming webinar by The Food Institute entitled
The Future of Food Retailing – Final 2005 Report,
Willard Bishop will release the results of their 23rd
annual report and recommend steps companies can take
today to create competitive advantage in the changing
food retail landscape.
Find out what you can do today
to turn the challenges of a changing marketplace to
your competitive advantage.
What is the current
state of the food retail industry? What are the
projections for 2010?
How can I determine whether or
not I am positioned to succeed?
What are the
emerging challenges of the food retail marketplace?
Where
should I focus my efforts to ensure a solid footing
in the new marketplace?
For more information, go to http://www.foodinstitute.com/wbcwebinar2.cfm,
or call Sue Antista of The Food Institute at (201) 791-5570,
ext. 12.
About The Food Institute
The American Institute of Food Distribution (The Food
Institute) is a nonprofit organization with a single
purpose: providing information. The Food Institute
strives to be the best "single source" for
current, timely and relevant information about the
food industry from "farm to fork." The association
serves as a trusted source of information, providing
balanced coverage of the issues. It delivers information
through multiple media so that industry professionals
worldwide can tap in when and how they choose. For
more information, visit www.foodinstitute.com.
About Willard Bishop
The biggest, brightest, and best companies turn to Willard
Bishop for outside insight. Because only Willard Bishop
knows consumables and consumers, retailers and retailing
the way we do-from the inside and out. For more information,
visit http://www.willardbishop.com.
About The Future of Food Retailing Report
The Future of Food Retailing is a report issued annually
by Willard Bishop that projects sales and share trends
for general merchandise-focused, food-focused, and
convenience retailers based on extensive review of
sources that include trade reports and retailer SEC
filings. A copy of this indispensable resource will
be available July 1, 2006.
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