Bringoz Industry Weekly 1/28S
hopRite is rolling out innovative freezer and refrigerator totes for its pickup and delivery services. U.S. retailers will open an approximate 5,500 stores in 2024, with discount stores leading store openings. Tesla plans to expand its parts distribution network. Read about these stories and more in our weekly industry news roundup.
ShopRite Unveils Next-Gen Pickup and Delivery Approach
ShopRite is rolling out innovative freezer and refrigerator totes for its pickup and delivery services at one of its New York stores thanks to a partnership with cooling solutions and technology provider Phononic. Phononic’s 2nd Generation Active Cooling Solutions Freezer and Refrigerator Totes are used to pick, store and stage online orders to help save space in-store, while also operating without traditional refrigerants and using more sustainable, cost-effective technology. Read more.
Discount Retailers to Fuel Store Openings in 2024
U.S. retailers will open an approximate 5,500 stores in 2024, a slight decrease from the 5,645 that opened in 2023. Discount stores will continue to lead store openings, according to Coresight Research data. Dollar General has revealed plans to open 800 stores in 2024. The number of store closures is predicted to drop to 4,000 in 2024 (down from 4,913 in 2023). The apparel sector and drug store chains will lead closures in 2024. Read more.
Tesla Plans Parts Distribution Expansion
Tesla plans to open a parts distribution center in Greenville, South Carolina, focused on the distribution of vehicle parts regionally. Tesla is responding to growing demand for EVs, producing the highest number of vehicles it’s ever done in a quarter by manufacturing nearly 495,000 units in Q4. The new distribution center is expected to open in early 2024, and will enable Tesla to offer fast delivery service with access to over 90 million people within a day’s drive. Read more.
Technology’s Role in CPG Supply Chains
The consumer packaged goods (CPG) industry is in the midst of a digital transformation, thanks in part to the integration of technology into supply chain processes. From production to supply chains to distribution, technology is playing an increasingly vital role in enhancing efficiency, reducing costs, and meeting the evolving demands of consumers. Here’s a deeper look at the pivotal role of technology in the CPG supply chain. Read more.
How CPG Brands Benefit from Direct-to-Consumer Channels
In recent years, the consumer packaged goods industry has witnessed a shift in its distribution and marketing strategies, driven by the advent of direct-to-consumer channels and online shopping. This change has not only reshaped how CPG brands interact with consumers but also redefined the landscape of retail and marketing strategies. Here’s a look at how CPG brands can benefit from implementing direct-to-consumer channels. Read more.
Sustainable Practices Implemented by CPG Brands
Sustainability has become a paramount concern across industries, including the consumer packaged goods sector. As environmental consciousness grows, CPG companies are increasingly implementing new policies and digital solutions to reduce waste, lower emissions, and enhance sustainability throughout their businesses. Here’s a closer look at some sustainable business practices CPG brands are incorporating into their daily operations. Read more.
How CPG Companies Can Harness the Power of eCommerce
With technology at its core, eCommerce enables CPG companies to reach consumers directly, bypassing traditional retail channels. CPG brands have a tremendous opportunity to harness the power of eCommerce to expand their reach, boost sales, and build stronger connections with customers. Here’s a look at how CPG companies can maximize the benefits of eCommerce and thrive in the digital age. Read more.