US: Bringing The Farmers’ Market experience to home delivery
There is a company called Market Wagon whose basic business concept was to create a localized, on-line, home delivery version of farmers’ markets. It recently ranked in the top 10% of the Inc. 5000 Annual List of the fastest growing companies in America. It was #450 overall and 15th in the food and beverage category with 1,385% 3-year revenue growth. In terms of product categories, the produce component is seasonal accounting for 27% of sales in the summer but remains at 16% in the winter from greenhouse or vertical farm production.
Source: forbes.com
US: The Kroger Co. Foundation recognized as leader in fighting food insecurity
The Kroger Co. announced The Kroger Co. Foundation's recognition as a 2022 Hunger Leadership Award winner. The Congressional Hunger Center honored the Foundation with this award because of its ongoing commitment to fighting hunger across the U.S.
Source: prnewswire.com
India’s Otipy: Connects end consumers to farmers - Get fresh farm products at your doorstep
The Gurugram-based Crofarm started out via a B2B model in 2016 to improve the supply chain for fresh fruits and vegetables, and pivoted to a B2B2C model (Otipy) in 2020, seeking to ensure that farm produce reaches consumers within 12 hours of harvest, with its freshness being preserved. “Procuring fruits and vegetables directly from farmers, we take the help of local community leaders, who work with us as delivery partners/resellers, to offer doorstep delivery to consumers,” says Varun Khurana, founder & CEO.
Source: financialexpress.com
News Corp Australia and Coles offer readers daily deals in Cost of Living Program
News Corp Australia and Coles launched a joint program to offer readers significant discounts off a range of everyday essentials to help them navigate the rising cost of living. The four-week Cost of Living Daily Deals program, which starts September 05, is running every day across News Corp Australia’s state-based and regional mastheads offering the company’s consumers exclusive offers on a host of items, from groceries, fresh fruit and vegetables to baby and health products.
Source: newscorpaustralia.com
Half of young French consumers 'pessimistic' about spending power, E.Leclerc says
With inflation on the rise, half of French consumers (49%) aged between 18 and 30 are pessimistic about their purchasing power, a new study by retailer E.Leclerc has found. The l'Observatoire E.Leclerc des Nouvelles Consommations (E.Leclerc Observatory of New Consumption) report found that close to one in three young people regularly skip meals because they can't afford to eat, while 26% of university students have a budget of €10 or less to spend on food per week.
Source: esmmagazine.com
£1 and under: Back to School lunch box essentials from Asda
Asda has revealed several school lunchbox essentials priced at £1 or under, ready for the kids to return to school. No lunch box is complete without a healthy snack too, and Asda shoppers can choose from a variety of pre-cut fruits at 40p a pack, or 3 for £1. ASDA Apple Slices (80g); ASDA Pineapple Lolly (80g); ASDA Grape Bag (80g).
Source: corporate.asda.com
France: Conflict and inflation cost Auchan dearly
In the first half of this year, Auchan Retail saw its revenue rise by 6.2 % to 15.4bln euros. Comparable shop sales increased by 0.6%, while fuel sales rose by 51%. Sales increased in almost all countries, but the French home market remains difficult: comparable sales dropped by 2%.
Source: retaildetail.eu
Philippines: Online grocer CloudKart launches mobile app
CloudKart, Cebu-based online grocery platform, has officially launched its mobile app for both Apple and Android users. The company said its app is free. “You can finally shop for all your essentials with just a few taps and get it on the same day - without leaving your home”, the online company said in a statement.
Source: sunstar.com.ph
From Kiranas to e-carts: The evolution of India’s grocery shopping habits
The potential of the online grocery industry has provided e-grocers with the ability to identify diverse customer needs and create category-based offerings such as fresh fruits and vegetables, meat, dairy products, pantry essentials, etc.
Source: financialexpress.com
UK: Iceland boss pleads with No 10 for radical action on cost of living crisis
One of Britain’s major retailers has contacted No 10 directly with a plea to prepare an immediate and radical cost of living package, amid warnings that broad help for businesses and direct cash aid will be needed to ease runaway energy costs. In an interview with the Observer, Richard Walker, the managing director of frozen food retailer Iceland, said he had contacted Downing Street out of concern that the “half-baked response” touted by the potential successors to Boris Johnson would fail to address the scale of people’s needs.
Source: theguardian.com
UK: Aldi to scrap best before dates from fresh fruit and veg lines
Aldi has announced plans to remove best before dates from around 60 of its own brand products to help tackle food waste in homes. By the end of the year, Britain’s fifth largest supermarket will remove best before dates from around 60 fresh fruit and veg lines, including apples and pears, citrus fruits, potatoes, carrots and onions, which could help households to save on food waste each year.
Source: aldipresscentre.co.uk
India: Agritech startup Ninjacart pivoted from B2C to B2B to solve inefficiencies in food supply chain
Agritech startup Ninjacart was started to organise the agri ecosystem in India through technology and data. The idea was to solve and improve the lives of millions of agri players involved in the agri value chain or agri ecosystem, which includes farmers, wholesalers, resellers, retailers, aggregators, and supply chain players. Ninjacart initially started with a B2C model to transport fruits and vegetables from retail outlets to consumers in under 60 minutes. The team now delivers fresh vegetables and fruits from farmers to retailers and other businesses in less than 12 hours.
Source: yourstory.com
Bubble bursts for rapid food delivery as UK firms shed workers
Major European operator Gorillas, fuelled by millions of dollars of venture capital, has reduced its UK workforce and withdrawn from five British towns and cities, including Manchester and Nottingham. On-demand grocer Getir, backed by Abu Dhabi sovereign wealth fund investors and valued at more than the Morrisons supermarket chain, has put some of its UK stores into “hibernation” and reduced employee numbers, following a restructure. Meanwhile, its London-based rival, Zapp, has cut its workforce by 10% and pulled out of Bristol, Cambridge and Manchester.
Source: theguardian.com