Excited to be joining industry leaders at the upcoming Austrian Summit for Retail & Branded Goods in Gmunden later this week! I'm looking forward to catching up with everyone and sharing how inoqo is changing the game in retail sustainability with our inoqo Product Impact Assessment platform. It's all about helping retailers and consumers make smarter, more sustainable choices. If you're attending the summit, I'd love to connect. Let's share ideas and work together to make the grocery industry more sustainable - one product assessment at a time. #TagdesHandels #Handelsverband #HandelSummit #RetailSummit
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The most successful MULO (multi-location) retail and food brands are often those that know their core customers and are continuously innovating to meet their needs. https://bit.ly/3yQJEE3 #Retailbrands #Foodbrands #Consumertrends #innovation
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Micro markets continue to expand at a fast pace across the customer landscape, offering more variety than ever. One challenge that continues to undermine the micro-market experience from the operator’s perspective is product shrink. Jeff Ping, Operations Excellence Manager for Aramark Refreshments, will join a panel of experts at Self-Service Innovation Summit who will share tips for overcoming the challenge of product shrink in micro markets. #SelfServiceSummit #micromarkets #vending
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Official account of ESSEC Food Chair | Chair Directors: Olivier Fourcadet & Frédéric Oble | Partners: Bel, METRO, McCormick & Company, CY FRANCE 2030
💡 Innovation at the Forefront: Our Visit to Esselunga Lab💡 On the bright morning of April 9th, the journey of ESSEC Food Business Challenges Chair took us to the dynamic heart of 🔦Italian retail innovation — the #ESSELUNGA Lab located within the bustling MIND - Milano Innovation District. ⏩As we walked through the doors of this renowned retailer, which commands a presence with over 190 stores and a dedicated workforce of 25,000, we were immediately struck by the scale of ESSELUNGA's operation, which has been consistently setting benchmarks in the industry since 1957. ⏩Our session began with an insightful corporate presentation by Alexandre Rochat, the head of Innovation Intelligence, alongside Gianmaria Luise. They unveiled the intricacies of ESSELUNGA's approach towards 🔦innovation research, the harmonious integration with core business strategies, and the proactive safeguarding of business essentials. ⏩ The future of supermarkets was painted with broad strokes, highlighting trends and burning issues in the retail sector. We then had the unique opportunity to step into the ESSELUNGA Lab, where innovation isn't just discussed, but tangibly tested. It's a space where new ideas meet reality and where feedback from local customers is not just heard, but actively sought to refine and enhance the shopping experience. ⏩A standout feature of the Lab was its revolutionary checkout process, designed to streamline shopping and check-out, making it a breeze for customers. It was clear to see how ESSELUNGA is shaping the future of retail, with customer experience at its core. Our visit was not just a peek into ESSELUNGA's innovative endeavors but a deep dive into a company where sustainability meets success, and where every employee is a part of a larger narrative of quality and forward-thinking. We left ESSELUNGA Lab with minds brimming with ideas and hearts full of anticipation for the innovative possibilities that lie ahead in the realm of food retail. Here's to the innovative spirit that drives the market forward! #InnovationInRetail #ESSELUNGALab #FutureOfSupermarkets #MilanInnovationDistrict #RetailRevolution #food #france2030 Post written by Kenneth Manalo & Haoyue Kuang, students of ESSEC Food Business Challenges Chair
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Micro markets continue to expand at a fast pace across the customer landscape, offering more variety than ever. One challenge that continues to undermine the micro-market experience from the operator’s perspective is product shrink. Jeff Ping, Operations Excellence Manager for Aramark Refreshments, will join a panel of experts at Self-Service Innovation Summit who will share tips for overcoming the challenge of product shrink in micro markets. #SelfServiceSummit #micromarkets #vending
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Micro markets continue to expand at a fast pace across the customer landscape, offering more variety than ever. One challenge that continues to undermine the micro-market experience from the operator’s perspective is product shrink. Jeff Ping, Operations Excellence Manager for Aramark Refreshments, will join a panel of experts at Self-Service Innovation Summit who will share tips for overcoming the challenge of product shrink in micro markets. #SelfServiceSummit #micromarkets #vending
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Yes! We are back with a rapid-fire round of the 𝗧𝗼𝗽 𝟱 𝗙𝗠𝗖𝗚 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗞𝗻𝗼𝘄 - 𝗮𝗹𝗹 𝗶𝗻 𝘂𝗻𝗱𝗲𝗿 𝗮 𝗺𝗶𝗻𝘂𝘁𝗲! With Stanislas Dallest from POS Potential. Stay ahead with the latest and most innovative changes sweeping across the Fast-Moving Consumer Goods sector. 🥇 #5 Danone’s Remix Revolution: Say hello to healthier snacking! Danone unveils its Remix yogurt range, expertly crafted for the modern snacker. Dive into delicious, low sugar, high protein, and low-calorie options. Your snack time just got a healthy makeover! Rafael Acevedo 🥈 #4 Amazon’s Smart Cart Shift: Wave goodbye to the "Just Walk Out" technology. Amazon Fresh stores are now embracing smart carts, enhancing your shopping experience with real-time spending visibility. Shopping smart has never been this easy! 🥉 #3 Vow’s Culinary Breakthrough: Big news from down under! Australian startup, Vow, has earned Singapore's nod to sell its revolutionary cultured quail meat. Joining the global league, they are now the fourth company to achieve this milestone. A true testament to innovation in food sustainability! Simon Eassom 🏅 #2 Morrisons’ AI Integration: Witness the future of retail with Morrisons’ nationwide rollout of AI cameras, in collaboration with Focal Systems. A leap towards unmatched stock accuracy and a productivity boost for staff. The future is now! Rami Baitiéh 🎖️ #1 The Coca-Cola Company's Eco-forward Leap: Coca-Cola is on a mission to lighten the load on our planet. Their latest initiative aims to reduce the new plastic usage in bottles across the US and Canada from 21 to 18.5 grams. Cheers to sustainability! Alejandro Santamaria 🔔 Stay tuned and follow us for your weekly dose of FMCG news. Like, share, and comment below with your thoughts or insights. Let’s keep the conversation going! See you next week for more insights and updates! 🌟 #FMCGNews #Innovation #Sustainability #RetailTech #FoodTech
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🚀 We're thrilled to share that the LUNTER brand, represented by our CMO Martina Schmidt, had the honor of joining a panel discussion at the New Retail Summit in Bratislava. The topic? The Power of Brands in Retail - a subject that's never been more relevant in today's challenging economic climate. Martina highlighted the importance of brand strength in a world dealing with high inflation and economic uncertainty. She discussed how the gap between private labels and strong A brands is widening, with consumer trends leaning either toward private labels or reputable brands like LUNTER that focus on recognisability, social responsibility, and sustainability. This coexistence on retail shelves provides customers with a broader range of choices and doesn't limit their decision-making options. The discussion also underscored the rapid changes in the FMCG sector, emphasizing the importance of brand strength and the need for innovation to succeed in a competitive market. Success depends on understanding consumer behavior, embracing change, and finding the right balance between brands and private labels. The event was filled with fresh insights and inspiration, and we couldn't be happier to have been a part of it! 💡 #Lunter #Retail #Branding #FMCG #Innovation #NewRetailSummit
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The future of Consumer Packaged Goods (CPG) hinges on innovation, but recent data from Mintel reveals a concerning trend: only 35% of global CPG launches in early 2024 are genuinely new products, the lowest since 1996. This innovation shortfall, coupled with recent price hikes by major brands, makes it easier for consumers to switch to private-label alternatives. While North and Latin America show the most significant decline in new product launches, regions like the Middle East, Africa, and Asia-Pacific are leading in innovation, driven by robust economic growth and a growth mindset. To combat stagnation, major CPG companies are investing in startups through in-house venture capital units, aiming to harness new consumer trends and agile business models. Reach out to Sharon Widauf or Paula Jose for more information on how MSI Express is charting a path for success. MSI Express has 14 locations in 6 states to provide you with operational excellence & world class speed to market. MSI Express is a strategic, innovative contract manufacturing and packaging company. Our growing breadth of capabilities and trusted team of problem solvers are a perfect match for the challenges of today’s CPG world. #manufacturing #supplychainmanagement #innovation #MSIExpress #foodindustry #foodmanufacturing #packagingsolutions #foodandbeverage #sustainability #packaginginnovations #petfood #petfoodindustry #inc5000list #snackfood #gummies #supplements #consumerbehavior #packaging #foodbusiness #foodandbeverageindustry #food #foodandbeveragemanufacturing #innovation #supplychain #contractpackaging #contractmanufacturing #copack #copackager #packaging #cpg #cpgindustry #comanufacturer #brand #energy #compliance #foodsafety #quality
The Role of Innovation in the Future of the CPG Industry
mintel.com
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Innovation / Retail Transformation / Commercialisation / Finance 15 years experience in corporates & SMEs
An interesting read from Jonny Forsyth and the team at Mintel, looking at how the Consumer Packaged Goods industry has moved from innovation towards renovation since 2019, how AI has lowered barriers to entry for new players, and how the Middle East, Asia and Africa are now innovation leaders in the industry.
Senior Director of Mintel Food & Drink | Analyst | Presenter | Media Commentator | All opinions my own
❓ Why are CPG brands no longer trusting in innovation? 🤷♂️ Innovation is high risk but gives big CPG companies their point of difference, especially given competition from startups and private label. Yet, Mintel’s analysis shows such creativity 🎨 has been in short supply. 🔎 📊 Mintel’s Global New Product Database (GNPD) shows that so far in 2024, just 35% of global CPG launches (across food, drink, household, etc) are genuinely new products. This is the lowest proportion of innovation Mintel has recorded since it began tracking new products in 1996. 📉 Neither is the pandemic 😷 or cost of living crisis to blame 💸 . These events have not helped, but there is a longer-term trend towards 'renovation' (ie line extensions, new packaging, etc) over creating new products or brands. For more analysis on what this means for food and beverages, check out my analysis,,, 🥑 ☕ 🚀 #CPG #Innovation #FutureOfBusiness #MintelInsights #researchanddevelopment #randd #consumerpackagedgoods #cpgbrands #foodandbeverage #foodanddrink #fmcg #fastmovingconsumergoods https://bit.ly/469SaKX
The Role of Innovation in the Future of the CPG Industry
mintel.com
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Micro markets continue to expand at a fast pace across the customer landscape, offering more variety than ever. One challenge that continues to undermine the micro-market experience from the operator’s perspective is product shrink. Jeff Ping, Operations Excellence Manager for Aramark Refreshments, will join a panel of experts at Self-Service Innovation Summit who will share tips for overcoming the challenge of product shrink in micro markets. #SelfServiceSummit #micromarkets #vending
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