Challenges, Opportunities and Learnings of the Food & Grocery Sector in the GCC Region
The booming GCC Food & Grocery market is forecasted to reach around 216.3 billion U.S. dollars by 2026. But with explosive population growth and shifting urban landscapes, how are the CEO’s setting the agenda to navigate this fluid landscape? How are they tackling the ever-evolving consumer preferences and changing online behaviour? What are they doing to retain talents amidst a burgeoning annual attrition rate of 20%?
F&G Retail Growth | Online Impact | Navigating Change | Evolving Consumer Preferences | Talent Retention
How Data-Driven Intelligence is Reshaping the Shopping Aisles of Food & Grocery Retail
A few leading players analyze online customer reviews and social media mentions to optimize store layouts and product placement, leading to a 10%-15% increase in their purchase conversions. Byte by byte, data is restocking the shelves of opportunity in grocery retail. How are the industry leaders using insights provided by data to embrace this new reality?
Customer Analytics | Data Utilization | Sales Conversion | New Reality
Using Tech to Stock Up on Efficiency and Consumer Experience in Food Retail Ecosystem
A recent study suggests that blockchain technology could save the food industry $155 billion annually by reducing food waste. Additionally, McKinsey & Company reports that AI-enhanced supply chain optimization might cut grocery retailers’ total costs by up to 15%. On the customer experience front, innovations like Carrefour’s biometric payment system are streamlining checkouts, while AR and VR offer immersive virtual shopping experiences. How are the captains of the industry using their learning curves to create strategies for the future?
Juggling with Emerging categories, Private labels while Managing profitability in F&G Retail
The MENA health and wellness market thrives with double-digit growth in organic and functional food sales. Plant-based alternatives are surging, predicted to reach $1.4 billion by 2026. Consumers favour private labels, as some leading retailers enjoy up to 30% profit margin. Despite inflationary challenges, MENA’s food and grocery retail anticipates a 6% average net profit margin from 2023 to 2025. Join industry leaders in a conversation on embracing these trends for business success.
Emerging Categories | Private Label | Profitability | Embracing Trends
Marketing’s Vital Shift in Food & Grocery as Consumption Patterns Evolve
Environmental concerns are increasingly influencing MENA consumers’ food choices, with a preference for fair trade and locally sourced items. Sustainability sells: they pay extra for ethical choices, opening doors for responsible retailers. And social media rules, with 72% influenced by foodie content. Influencer marketing booms! Join us as the leading marketing minds from the F&G retail give a sneak-peek into their learnings and marketing strategies to tackle their customers in this everevolving region.
Environmental Concerns | Social Media’s Influence | Influencer Marketing | Customer Experience
