Sponsored by Invafresh
While grocers have traditionally done well during periods of food inflation, it is a different battle this time. Continuing supply chain issues and labor shortages are heightening the obstacles of soaring costs and contributing to significant increases to empty or smaller baskets per trip.
To navigate through this perfect storm of challenges in Fresh and improve profit margins while building consumer trust, grocery retailers must leverage the power of Fresh-centric technology that integrates all data points of fresh operations into meaningful and clear insights for a proactive approach to inflation and the changing dynamics of consumer behaviors.
At Invafresh, we have spent over 30 years working with global grocery retailers such as Price Chopper, Giant Eagle, Walmart, and Albertson’s to name a few, to build our industry leading Fresh Retail Platform (FRP). Our team of FreshologistsTM have helped global grocers through multiple inflationary periods. Our Fresh-centric platform is the industry standard for fresh food retail operations and, at its core, is built to intelligently forecast consumer buying changes during unexpected events, such as inflation.
In this white paper, we share our tried and tested, exclusive best practices and actionable steps to minimize the impact of rising commodity prices to protect margins in your fresh operations, including how to:
- Meet changes in demand, optimize assortment and reduce shrink through AI powered Fresh Intelligent Forecasting.
- Gain visibility into inflation related changes to cost of goods such as recipe-based items to improve strategic pricing, promotion planning and correct margins.
- Automate ordering and production processes minimize labor expenses, errors, disruptions, and resource consumption.
“Combining expanded Invafresh ordering capabilities along with other initiatives across the organization, we saw significant growth in sales on items in meat, seafood, and the produce departments. We also experienced notable reductions in Known Loss % to Sold.” - Giant Eagle
Want to be Best in Fresh? Download the white paper and discover how!