Food Firms Expect Food Retailing Changes July 14th, 2006
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.
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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