FMI and Nielsen Release First Set of Findings on the Digitally Engaged Food Shopper

Digital Shopper copy

ARLINGTON, Va. and NEW YORK, Jan. 30, 2017 /PRNewswire/

 

Serving as a resource for retailers and manufacturers as the industry embarks on the next digital frontier, Food Marketing Institute (FMI) and Nielsen (NYSE: NLSN) today released a preview of its “Digitally Engaged Food Shopper” analysis at the FMI Midwinter Conference in Scottsdale, AZ. The introductory set of insights from this joint, multi-year initiative offer a comprehensive look into the behaviors, motivations and expectations of the digitally engaged food shopper. This first perspective offers recommendations on how food marketers and manufacturers should be preparing their strategies and managing the organizational change that will be required to engage those shoppers.

Initial findings from this study show that within the next decade, online food shopping will reach maturation in the U.S., far faster than other industries that have come online before. Research also revealed that the center store is likely to shift online faster than other departments, suggesting a fundamental evaluation of the role the store plays in digital food shopping. The research estimates that in the current climate of technology adoption and evolution, consumer spend on online grocery shopping could reach $100 billion*.  To put that into context, that is the equivalent of 3,900 grocery stores based on store volume.

“While we are more connected than ever to influence what shoppers buy, the window to influence those moments is narrowing,” said Mark Baum, chief collaboration officer at FMI. “FMI and its members will need to seize the opportunity to harness new skills and collaborate more seamlessly than ever before to effectively reach these digitally savvy food shoppers. We’re building the tools to help our members assess where they are in their connected commerce strategies.” 

“The grocery business truly is at a digital tipping point, where every aspect of the shopper’s journey will soon be influenced by digital, and increasingly enabled by digital platforms,” said Chris Morley, President of U.S. Buy at Nielsen. “The need for retailers and manufacturers to know the differences around how consumers shop online versus in-store is greater than ever before.  Analytics will be key for retailers and manufacturers to understand the digitally engaged food shopper on a deeper level.  Beyond unified insights that connect the dots across consumer interaction and platforms, the winning strategy will turn metrics into action steps towards effective digital engagement.”

Read the full release here: http://www.prnewswire.com/news-releases/fmi-and-nielsen-release-first-set-of-findings-on-the-digitally-engaged-food-shopper-300398549.html

 

Other point of sale articles of interest:

  1. US Payments Forum Winter Market Top Priorities for 2017
  2. Mastercard statement on Favourable Judgment regarding UK retailer action on Interchange Fees
  3. Smart Label Market Will be Worth $16.12 Billion by 2025: Grand View Research, Inc.
  4. Cannabis Industry Sees Cautionary Optimism and New POS Market Opportunities
  5. Applied Business Software Announces Partnership with Payment Data Systems
  6. New Data Shows Bigger Smartphones are Responsible for Increasing E-Commerce Sales
  7. Besser Ace Hardware Launches Epicor Eagle N Series to Rejuvenate Operations in Downtown Location
  8. Quick Service Restaurant IT Market – U.S. Industry Analysis & Forecast 2016 – 2024