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Shrinkflation Risks Consumer Blowback
Consumers are not so dumb that they fail to see when they are getting less product for their money. It’s called “shrinkflation.” The Merriam-Webster Dictionary notes, “Shrinkflation is the practice of reducing
In this blog, we discuss cognitive computing and other technologies with a focus on supply chain management and innovation. Other topics of discussion include digital enterprise transformation, marketing, the Internet of Things, and smart cities. Our goal is to advance the public discussion about how cognitive computing and other advanced technologies affect the world in which we live.
Bradd C. Hayes is the active editor of this blog.
Consumers are not so dumb that they fail to see when they are getting less product for their money. It’s called “shrinkflation.” The Merriam-Webster Dictionary notes, “Shrinkflation is the practice of reducing
Inflation in the grocery sector has remained stubbornly high and consumers are changing their behavior in response. Grocery sector journalist Sam Silverstein reports, “While grocery spending was up modestly in June, the
The grocery landscape has changed enormously from the days of the general store, when a clerk behind a counter would fetch goods for customers from scantily stocked shelves. Francesco Fazio, a partner
During the height of the pandemic, online grocery shopping spiked. Some consumers, who discovered the convenience of shopping online for groceries, have continued to do so — many more consumers have returned
Grocers, like other retailers, are seeing the impact of inflation on consumer behavior. Emily Moquin (@emilybmoquin), a food and beverage analyst, reports, “Persistently high inflation in the grocery category has led to
Although grocery stores have remained open during the pandemic, at its height many regular in-store shoppers turned to online grocery shopping. Some of shoppers had their online purchases delivered to their homes
The U.S. Department of Agriculture (USDA) has raised its 2022 food inflation forecasts again reports Jim Wiesemeyer (@Jim_Wiesemeyer).[1] This means today’s grocery food price hikes are the highest in 42 Years. According
Food prices are rising rapidly and consumers are feeling the pinch. CNN correspondent Gabe Cohen (@GabeCohenNews) reports, “Grocery costs keep climbing. Prices of meat, seafood, produce, cereal and other kitchen staples shot
We all must eat to survive. As a result, there are few relationships more important for the well-being of modern humans than the one between consumers and the grocery stores from which
According the Supermarket News staff, “The grocery industry has witnessed more change in the past two years than perhaps the entire previous decade.”[1] And, they add, “There’s no rest for the weary.
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