The biggest question for the future of online grocery commerce comes down to the last mile.
As in, who's going to drive it—retailers or customers?
Food retailers who want to use online commerce will have to make a hard choice between three major options: delivery, store pickup or both.
Artificial intelligence clearly reached buzzword utopia in 2016, but the groundwork was laid back in 2011 by the appearance of IBM Watson on the TV game show "Jeopardy!" The artificial intelligence (AI) computing platform made headlines by easily beating its human competitors.
The retail industry continues to experience
dramatic change, with technology and
shifting customer demands creating significant challenges
and unprecedented opportunities. This is especially
true in the dynamic world of supply chain where
five macro trends are unfolding. They include:
Amazon's announcement of a new pilot program that offers customers a boundary-less experience for shopping and checkout is justly being positioned as a game-changer for the food retail industry and greater retail supply chain.
Food-at-home prices in 2016 are predicted to reflect a 0.25 percent to 1.25 percent decline, according to the USDA Economic Research Service, making the past year the first time since 1967 that retail food prices reflected annual deflation.