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Nation's Leading Retailers Offer Their Predictions

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PORKER

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Nation's Leading Retailers Offer Their Predictions


The Food Marketing Institute recently posed a series of potential scenarios to the nation's leading retailers, asking for their opinions on their likelihood. Here, in order, are the results.

High-fat/high-calorie foods
will carry warning labels. Nearly 50% see this happening in the next five years, and almost 90% say this will happen over the next decade, a level of certainty well beyond any of the other questions asked.

Large chains will spin off divisions and get smaller.
More than one-third of respondents see this happening in the next five years, but this is far from a widely accepted outcome. Some 40% of respondents say this will never happen -- not in a decade or longer.

All products will carry country-of-origin information.
Fewer than 30% see this happening in the next five years, but 82% say it will happen by 2015.

Credit and debit cards will account for 90% of sales.
Only 25.5% see this happening over the next five years, but more than 85% of retailers say this will happen over the next decade.

SKU counts will decline significantly.
Discussions will continue about how much inventory or food stocks
is right for the store. 22% say SKU counts will decline significantly in the next five years, and 45% say it will happen by 2015. (SKU, or stock keeping unit, is a unique code assigned to a product by a retailer for ID and inventory control.)

A majority of retailers envision three realities by 2015, even though in each case the percentage seeing great change in the next five years was fairly small -- 80% believe bio-engineered foods will become commonplace in 10 years;

74% think unleaded gasoline will cost $5/gal. (the survey was largely conducted in early spring, well before the summer hike in gas prices); and 66% believe self-scanning checkouts will outnumber staffed lanes.
 

agman

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PORKER said:
Nation's Leading Retailers Offer Their Predictions


The Food Marketing Institute recently posed a series of potential scenarios to the nation's leading retailers, asking for their opinions on their likelihood. Here, in order, are the results.

High-fat/high-calorie foods
will carry warning labels. Nearly 50% see this happening in the next five years, and almost 90% say this will happen over the next decade, a level of certainty well beyond any of the other questions asked.

Large chains will spin off divisions and get smaller.
More than one-third of respondents see this happening in the next five years, but this is far from a widely accepted outcome. Some 40% of respondents say this will never happen -- not in a decade or longer.

All products will carry country-of-origin information.
Fewer than 30% see this happening in the next five years, but 82% say it will happen by 2015.

Credit and debit cards will account for 90% of sales.
Only 25.5% see this happening over the next five years, but more than 85% of retailers say this will happen over the next decade.

SKU counts will decline significantly.
Discussions will continue about how much inventory or food stocks
is right for the store. 22% say SKU counts will decline significantly in the next five years, and 45% say it will happen by 2015. (SKU, or stock keeping unit, is a unique code assigned to a product by a retailer for ID and inventory control.)

A majority of retailers envision three realities by 2015, even though in each case the percentage seeing great change in the next five years was fairly small -- 80% believe bio-engineered foods will become commonplace in 10 years;

74% think unleaded gasoline will cost $5/gal. (the survey was largely conducted in early spring, well before the summer hike in gas prices); and 66% believe self-scanning checkouts will outnumber staffed lanes.

Interesting post. Thanks
 

PORKER

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THESE two parts will happen to the beef industry. Large chains will spin off divisions and get smaller.
More than one-third of respondents see this happening in the next five years, but this is far from a widely accepted outcome. Some 40% of respondents say this will never happen -- not in a decade or longer.

All products will carry country-of-origin information.
Fewer than 30% see this happening in the next five years, but 82% say it will happen by 2015.
 

CattleCo

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'All products will carry country-of-origin information.
Fewer than 30% see this happening in the next five years, but 82% say it will happen by 2015."

2015 is a helluva long way off and the consumer does not give a rats ass where his food comes from as long as it is USDA inspected. If gas goes to 3.00+ he will care less.........

"74% think unleaded gasoline will cost $5/gal. (the survey was largely conducted in early spring, well before the summer hike in gas prices); and 66% believe self-scanning checkouts will outnumber staffed lanes."

More loss of jobs.....

"Large chains will spin off divisions and get smaller.
More than one-third of respondents see this happening in the next five years, but this is far from a widely accepted outcome. Some 40% of respondents say this will never happen -- not in a decade or longer. "

What happened to "economy of scale....bigger is better---spread out cost....that is what these "Know it all Economist " tell us???
I will say this.......about every big corporate farming operation I have ever seen or read about does a sorry job of farming or ranching. When total profit is the game plan you will see a lot of things go to hell in a hurry.
 

Kato

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Don't know about the others, but two predictions aren't far off.

Gas is $4.12 Canadian today. Not far to go to hit the $5.00 mark. (That's $1.03 per litre)

I wouldn't be surprised if 90% of sales are by debit here now. Hardly anyone carries much cash any more.
 

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