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The grocery industry has faced unprecedented challenges in recent years, including changes in consumer behavior and supply chain disruptions due to the pandemic. Rising costs, labor shortages, and increased operational demands have also added to these difficulties. However, according to a new white paper by Placer.ai, these obstacles have pushed the industry towards innovation.
The white paper titled “Specialty and Value Chains Transform Grocery in 2024” explores two segments within the grocery industry that have seen significant growth: specialty stores and value chains. These include popular stores like Trader Joe’s, Sprouts Farmers Market, H Mart for specialty stores that focus on produce organic foods or culturally specific items; while Aldi WinCo Foods Grocery Outlet Bargain Market are examples of value chains.
Location analytics show an increasing trend among shoppers towards these two types of grocery stores. This shift in consumer buying habits has the potential to reshape the entire grocery landscape as stated by Placer.ai.
In this informative white paper readers will learn:
– How value and specialty grocery chains performed during Q3 of 2024 compared with traditional supermarkets such as Kroger Albertsons H-E-B.
– The differences observed among visitor behavior across all three segments.
– The demographic & psychographic profiles found within their trade areas for each segment respectively.
Overall it is clear that Specialty Operators & Value Chains are driving evolution within the Grocery Industry – a must-read for anyone interested!
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