The wholesale price of eggs has 'collapsed.' Why customers may soon be able to breathe easier

In recent weeks, wholesale egg prices have declined from record highs, signalling that customers may soon get some relief at the grocery store. However, the mechanics of egg pricing from the wholesale to retail market, among other factors, render this improbable in the short term. According to Ur...

Karly, an online grocery store, has decided to cancel its initial public offering due to market volatility.

A South Korean firm that promised next-day grocery delivery service has cancelled its IPO because of the deteriorating economic conditions, which have halted the market debuts of other start-ups. Considering market sentiment remained negative amid the global market uncertainty, the company opted ...

CHINA’S PINDUODUO E-COMMERCE FIRM REPORTS A 146% SURGE IN QUARTERLY REVENUE

Highlights –

• China’s Pinduoduo e-commerce firm reports a 146% surge in quarterly revenue.
• The company reported 788.4 million annual active buyers until the end of 2020.
• The company’s shares fell by 9% in pretrade activity ...

FMCG COMPANIES CONTINUE TO BENEFIT FROM ONLINE SALES

HIGHLIGHTS

• FMCG companies are getting benefits due to online sales.
• A report by Unicommerce said that sales on e-commerce grew 36% in volume terms compared to FEB 2020.
• In DEC 2019 quarter, 30% growth was witnessed.
• In DEC 2020 q...

U.S. ONLINE GROCERY SALES SURPASS $8 BILLION IN NOVEMBER

Highlights

• Out of total $8.1 billion, grocery delivery and pickup services accounted for $5.9 billion which is 73 percent of the total

• Another reason behind the growth was also the surge in the number of households who used the services in last month that too by ...

E-COMMERCE PLATFORMS OFFERING HYPER-LOCAL SERVICES TO NET-SAVVY AMIDST ONGOING PANDEMIC

• More major e-commerce platforms are offering hyper-local services as demand for farm-fresh food in online shopping continues to rise amidst the ongoing pandemic, according to industry sources.
• In September, WeMakePrice announced it would start offering a full refund to customer...

AMAZON TO EXPAND ONLINE GROCERY SERVICE IN UK

HIGHLIGHTS

• Amazon wants to capitalize on rising grocery demand following COVID-19 lockdown restrictions.
• Amazon Fresh will be competing with many delivery services offered by supermarkets that have established shopper loyalty.

Amazon...

HERE’S HOW YOU CAN SAFELY BUY AND UNPACK GROCERIES WHILE FIGHTING COVID-19

Highlights:                

• Buying grocery is a biggest challenge amid pandemic.
• One needs to be really careful while buying grocery and also while unpacking food items a...

COVID-19: OSAKA MAYOR SAYS MEN SHOULD GROCERY SHOP AS WOMEN TAKE EXTRA TIME

One of the statement given by the Mayor of Osaka, Japan has sparked a controversy. Recently he had stated that in the times of coronavirus pandemic, men should go for grocery shopping because women take too long which results in overcrowding at supermarkets. Courtesy of this statement, he is faci...

ONLINE GROCERY PURCHASE IS NOW POSSIBLE IN FLORIDA

Highlights

• Around 3 million people in Florida participate in SNAP

• The Florida Department of Agriculture and Consumer Services are collaborating with the Department of Children and Families for implementation of Pandemic EBT program

The U.S. Department o...

AMAZON’S GO ALL SET TO DELIVER A FOOD REVOLUTION SOON

Highlights:

• With the launch of its first, extensive, and cashier-less grocery store- Amazon is ready to bring mass personalization to the current food system.

Amazon has opened its first cashier-less supermarket in Seattle, nam...

MARKS AND SPENCER PLANS TO REDUCE PLASTIC PACKAGING

HIGHLIGHTS

• UK shops are accountable for 58 billion pieces of plastic a year.
• The primary trial offered 44 plastic packaging-free products.
• It has committed to announcing additional lines of loose food and other substitutes to plastic across...

Top rated U.S grocery store is H-E-B retail company

According to data science firm dunnhumby report on its Retailer Preference Index.

H-E-B retail company surpassed Trader Joe’s from number one spot, which it had held for the past two years. The loyal customers of H-E-B retail company travel across the state to shop at its sto...

Autonomous Grocery Delivery- The driverless groceries delivery initiative

Autonomous Grocery Delivery is an innovative concept that delivers groceries at your doorstep with the help of automated self-driving vehicles. Kroger, a leading retailing company in the United States was the first to come up with this unique concept.

We might have added a bit of conven...

French grocery stores impacted for binning nourishment on the national no-squander day.

Two French grocery store chains experienced harsh criticism Wednesday after a legislator arranged assaults on Paris junk jars that revealed bundles of nourishment inside their utilization by dates as France denoted its national enemy of nourishment squander day.

France passed a law thre...

Rise in FMCG sales as online platforms flourish

A study on the purchase behavior of 50,000 consumers by Kantar, a research, data, and insight consultancy firm, has thrown up some interesting insights into consumer spending. More importantly, it shows that online sales of fast-moving consumer goods (FMCG) and groceries are increasing compa...