Blockchain-powered supply chain gains momentum in Retail & FMCG players leverage IoT to secure products
Key Insights and Signals in Retail and Consumer Goods
Centre set up and Expansion Nestle investing USD 70 Mn in facility makeover The Burlington plant, which for many years produced candy bars such as 100 Grand, Nestle Crunch and Buncha Crunch, will be retooled to begin production of Nestle Toll House refrigerated cookie dough. Read More>> Reliance Retail to open 5,000 all-in-one smart point stores
The company plans to open around 5,000 outlets that will be a convenience store, pharmacy, diagnostic center, telecom services, and financial services products outlet all rolled into one across the country. Read More>> Toys R Us to open an E-Commerce warehouse in Melbourne
This purpose-built state-of-the-art distribution center will assist the company meet increased demand, improve cost efficiencies, and deliver higher levels of customer service and experiences to their shoppers. Read More>> H&M unveils plan to open first store in Cambodia 2022
H&M has been a long-term supporter of the Kingdom’s export-oriented garment industry and would continue to be so for many more years to come, as long as the country is able to maintain and improve its competitiveness. Read More>> Panera expands virtual catering to loyalty members
The restaurant caterer has opened up Panera Connects, which was previously only available through a catering representative when it was soft-launched earlier this year, to MyPanera members. In a few weeks, anyone with a credit card will be able to use this program to provide a mealtime solution for online and virtual events. Read More>>
Deals Bed Bath & Beyond’s supply chain transformation accelerates with Ryder deal Ryder will develop and operate two regional distribution centers designed to reduce store replenishment times from the current 35 days to less than 10 days. The effort is part of Bed Bath & Beyond’s previously announced USD 250 Mn in capital initiatives to modernize its supply chain. Read More>> Republic National Distributing Company enters into the CBD space The national distributor and broker of premium wine and spirits announced its entry into the CBD business. RNDC signed distribution agreements with DayTrip, Oh Hi, Sati Soda, and Wyld CBD. Their products will be sold in Alaska, Colorado, Florida, New Mexico, Oklahoma, Oregon and Texas, where CBD is legal and legislated by the states. Read More>> C&S Wholesale Grocers purchases Albertsons’ frozen contract with Burris Logistics It will further strengthen our service with Albertsons in the frozen product, as well as support a new relationship with Albertsons’ mid-Atlantic division. Read More>> WeCool Toys inks license deal with Mattel The company behind the Compound Kings and Activity Kings brands has entered into a licensing deal with Mattel, Inc. to develop a new line of Barbie and Hot Wheels branded compounds and activities. Read More>>Partnerships Sysco Partners with SAVRpak to change the future of food delivery & ensure that meals stay fresh and crisp in transit Developed by an aerospace engineer, SAVRpak is a frozen, peel-and-stick patch that removes moisture from the air of a food container, thereby keeping it away from the meal and ensuring hot and cold food stays fresh and crisp in transit. SAVRpak’s paper and plant-based solution uses no chemicals and is expected to receive its biodegradable certification later this year. Read More>> Eduvanz partners with Flipkart to provide easy EMI loans to students to buy electronic learning devices The fintech company is offering EMI loans for students to purchase laptops, tablets, and smartphones on Flipkart, while building their credit history. The partnership is part of Flipkart’s Back to College program, which aims to fulfil the educational needs of millions of students as they begin virtual classes this year. Read More>> Snapdeal and Khan Academy join hands to support K-10 learning at home Khan Academy will provide online academic resources and interactive learning materials for children via a dedicated online platform for Snapdeal’s seller partners. The platform is easy to navigate for first-time users among parents and learners with easy-to-understand explainer videos and step-by-step guides. Read More>> New Zealand Nut Butter Company Fix & Fogg announces Whole Foods Market USA partnership Whole Foods Market will be heroing Fix & Fogg’s most popular and award-winning U.S. flavors: Everything Butter, Almond Butter with Cashew and Maple, Crunchy Almond Butter and a Whole Foods exclusive: Oaty Nut Butter (Known as Granola Butter in the NZ&AUS market) which recently won a gold medal at the New Zealand Outstanding Food Producer Awards in May 2021. Read More>>Mergers and Acquisition C&S Wholesale Grocers acquires Albertsons Cos. frozen food contract Terms of the transaction weren’t disclosed. C&S expands its frozen business at a time when the category is booming, fuelled by the continued eat-at-home trend triggered by the COVID-19 pandemic. In 2020, frozen food sales surged 21% in dollars and 13.3% in units year over year, with nearly all segments experiencing double-digit sales increases. Read More>> Clearlake Capital to acquire BakeMark Private equity firm Clearlake Capital Group, L.P. has signed an agreement to acquire BakeMark USA, LLC from Pamplona Capital Management. The financial terms of the transaction were not disclosed. The BakeMark investment is a natural extension of Clearlake’s deep experience investing in both the food and beverage and distribution and logistics ecosystems. Read More>> LVMH looks to the future with stake in Off-White The company has acquired a 60 percent stake in Off-White, the streetwear label founded by American designer Virgil Abloh. Mr. Abloh will remain in his role as artistic director of Louis Vuitton’s menswear collection while also working with the luxury conglomerate to launch new brands and partner with existing ones outside the fashion sector. Read More>>Executive Movement Macy’s names CVS vet as Bluemercury CEO Maly Bernstein will be based out of the Bluemercury headquarters in Bethesda, Md., and report to Tony Spring, chief executive of Bloomingdale’s. Bernstein was most recently vice president of e-commerce at CVS Health Corp. CVS and has executive experience in the beauty and personal care space. Read More>> Save A Lot CEO returning to Lidl Save A Lot CEO Kenneth McGrath is stepping down from his post and returning to Lidl, where he will serve as deputy chairman of its international business. McGrath is leaving Save A Lot as the discount chain is selling off its corporate-owned locations and pivoting to a wholesale business model. Read More>> Ikea appoints market manager for Timișoara Nicoletta Muscinelli will coordinate the activity of the store that the Swedish retailer is scheduled to open in Timișoara and represent the company’s retail operations in western Romania. She joined the company in 1995 as design manager in her native Italy. She was part of numerous projects to expand or open additional stores. Read More>> Lego appoints new U.K. marketing boss The company has named Isabel Graham head of marketing for the U.K. and Ireland, with responsibility for marketing strategy and execution in the region. She has worked for the brand for nearly 10 years, most recently as head of marketing in the Nordics, in addition to holding marketing and brand director roles in the U.S. and working for Lego’s in-house agency. Read More>> General Mills appoints Matthew Salter as Managing Director ANZ He has six years experience playing lead roles for General Mills based in Europe. He takes 25 years of experience in the food industry to Australia in his new role. Read More>>
Latest Industry Insights from Draup Braindesk
Retail Insights:
Retail Industry players are leveraging e-commerce platforms to increase their sales. Large retail players are investing in I.T. to build APIs for indoor navigation & other applications, in turn enhancing the customer experience. FMCG players are expanding their footprint with the acquisition or partnership of players in the supply chain domain.
Use cases:
Retail Product Provenance: Provenance is using a blockchain based system for making the products traceable and has a transparent supply chain across diverse ecosystems.
Carrefour S.A partnered with IBM to develop a new way of tracking the milk supply chain using blockchain technology.
Virtual Product Trial: Utilisation of virtual reality through which customers can try different products without being physically present in the stores
Best Buy Canada app has a new feature called 3D in Home View, allowing users to see life-sized products in the real world through augmented reality. The app users can position A.R. creations of selected products to see how they would look in the homes.
In-store Navigation App: An in-store indoor navigation solution that will improve the shopping experience of customers. With this, customers can locate the products they are looking for easily.
Home Depot’s Mobile App has augmented reality and store-wayfinding capabilities. This helps Home Depot’s customers to navigate and find items in the exact aisle and bay in the store.
Click and Collect- Click and collect is a shopping model wherein customers buy or order goods from a website and collect them in a physical store or at a centralized collection point
Coles: The Supermarket giant has reopened the home delivery and click and collect services to all shoppers after previously restricting to vulnerable customers only.
IoT-based perishable product monitoring: Usage of Internet of Things(IoT) for monitoring, tracking and locating perishable items depending on the environment, ensuring the quality and safety
Maple Leaf and Hitachi worked together and created an end-to-end solution using the latest technologies for operational excellence to protect food quality and food safety by using sensors and smart cameras that monitor the temperature.
Key Funding Alert
Shopic secures additional USD 10 Mn in funding Using computer vision technology, Shopic’s clip-on device instantly recognizes items placed in or taken out of the cart in real-time, automatically registering them by price and displaying the shopper’s active receipt on the device’s screen. Read More>>
Startup Spotlight
Company – v2food Total Funding – USD 83.31 Mn About: v2food is a plant-based meat startup that produces legume-based meat alternatives. The company v2 product is a delicious, nutritious alternative for anyone who loves the taste of meat but doesn’t want to get it from animals. Read More>>
Latest Reports Published in Draup
Qurate Retail Inc Account Intelligence Report Qurate Retail Inc is keen to develop a livestream shopping channel on YouTube T.V. that offers an ever-changing collection of premier brands and fresh new products, presented live by interesting personalities, along with award-winning customer service. Read More>>
Dollar Tree Stores, Inc. Account Intelligence Report: Dollar Tree Stores, Inc. is highly focused on the development of digital market expansion to enhance the Commercial Solution and Delivery Service for customers. Application Development and Maintenance and Infrastructure Management Service are the major outsourced segments. Read More>>
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