New Grocery Retail Concepts Offer Huge "Ramp Up" Opportunity for CPG Brands

Something interesting is happening in the grocery retail industry...there are actually new retailers emerging and it should galvanize every CPG brand. While new grocery retail concepts pop up all the time around the country, more times than not, those grocers stay local/regional and have a non-material impact over the entire CPG industry. The last "new" grocery retail chain created that made a material difference was Sprouts Farmers Market that was founded in 2002. Most market leading grocery banners have been around for 40, 80, even 100+ years. That being said, there’s something different happening right now because these new grocery retailers have the kind of firepower that is extremely rare. Maybe its billions in investor funding or they are backed by trillion dollar market cap companies, but the grocery industry hasn't had this level of material new activity since Walmart focused on groceries in the late 1980s and Target in the early 2000s starting to focus on selling groceries. In this podcast episode, I'll explore this notion through examples like Foxtrot Market, Amazon Fresh, LIDL, GoPuff, and dark grocery stores through DoorDash and Instacart. Why should you care? Depending on the sales channel strategy of your CPG brand, this could mean a great deal in terms of new business opportunities or needing to adjust your models of existing grocery partnerships. FOLLOW ME ON MY SOCIAL MEDIA ACCOUNTS LINKEDIN  https://www.linkedin.com/in/joshuaschallmba TWITTER https://www.twitter.com/joshua_schall INSTAGRAM  https://www.instagram.com/joshua_schall FACEBOOK https://www.facebook.com/jschallconsulting MEDIUM https://www.medium.com/@joshuaschall