Predictions for Grocery Retail in 2020
The grocery industry is undergoing momentous change. With online consumer packaged goods sales promising to reach over $70 billion in 2019, and that number set to double by 2025, these purchases will directly cannibalize brick-and-mortar supermarkets’ in-store sales if grocers don’t take action. The pressure on brick-and-mortar retailers has reached an inflection point with Amazon.com purchasing Whole Foods, launching a branded grocery chain, expanding cashierless Amazon...
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