Future food channels Emerging formats for a new decade ‘The food business profitability...
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Transcript of Future food channels Emerging formats for a new decade ‘The food business profitability...
Future food channelsEmerging formats for a new
decade
‘The food business profitability network.’
Rob Ward
Social effects on retailing?
•Failure in regulations
‘The food business profitability network.’
•Lack of leadership
•Lack of permanence
•Shorted sight thinking
•Tax payers are corporate stakeholders
‘Problems cannot be solved by thinking within the framework in which they were created’Albert Einstein
‘The food business profitability network.’
Changing retailing formats?•Extraordinary or cheap?
‘The food business profitability network.’
•Methods of communication
•How you communicate value (and values)
•Premium players talking value
•Premium convenience
•Small is going to BIG
New channels of communication?
‘The food business profitability network.’
only only discovered discovered
by by listening listening to Twitterto Twitter
Consumers demanding transparency
‘The food business profitability network.’
(toothpaste dissection - what’s really inside?)
We deman
d infinite choice
‘The food business profitability network.’
(Make Your Own sandwiches, always
unique)
‘The food business profitability network.’
In the future, extraordinary food retailers will be one of three types:In the future, extraordinary food retailers will be one of three types:
What are the Golden Opportunities for food retailers?
What are the Golden Opportunities for food retailers?
‘The food business profitability network.’
1. Urban (or edge of urban) premium neighbourhood
store
1. Urban (or edge of urban) premium neighbourhood
store
2. City Market - multiple retailers in one city location2. City Market - multiple retailers in one city location
3. Destination food experiencecentre3. Destination food experiencecentre
Extraordinary retailing
If you fail to be clearly defined you will be right
here, stuck in the middle!
Communicate directly with your
consumers, not just your customers.
‘The food business profitability network.’
Summary:•Trust Virus: it’s spreading.
‘The food business profitability network.’
•Big business, acting small.
•Total transparency from producer to consumers (P2C).
•Be extraordinary or cheap, but not both.
•Protect your brand by listening to your consumers.
•Get ready for the trade up.