Transcript
A (0:00)
Hey, everybody. Thank you so much for joining us today. How's everybody doing out there? We are going to be recording a live podcast, so if you can just show your enthusiasm with some noise.
B (0:12)
There we go. There we go.
A (0:14)
Thank you, thank you, thank you. Welcome, everybody. This is the Grocery Shop key takeaways session, also known as get your phones out, start taking notes because these are all the things that you're going to want to take back to your teams when you return home after these last several days of Grocery Shop. I'm Anne Mazinga. This is Chris Walton. We're the two co founders of Omnitalk Retail. We are a media platform, including a podcast that's the only retail podcast in Apple's top 100 business podcasts where you can find out the latest news and trends on all the tools, technologies, people and companies who are impacting the shape and future of the retail industry. And now I'd like to introduce the most important people on stage. First, we have Rick Quan Lucas, the VP of content at Grocery Shop, who is responsible for the agenda and speakers at the show that you've enjoyed all week. So maybe a quick round of applause for Rock. Yes. Well done, Rock. Great show. Thank you, thank you, thank you. And then we have Ben Miller sitting next to Rock, who many of you know and also have experienced shows with from Grocery Shop to to Shop Talk. But Ben is the VP of original content and strategy here at Grocery Shop, also responsible for the research and the insights across the Shop Talk group, including the Grocery Shop zeitgeist that Rock and Ben presented yesterday. So thank you. Round of applause for Ben too. Okay, so as I mentioned, we're gonna go through some of the key takeaways from the last several days of Grocery Shop and we are going to kick it off with this first one. Rock, I'm going to go to you first. We're going to be talking the changing consumer big topic of conversation here, which is why we're starting with it. So why was this such an important category for you?
C (2:11)
Yeah, yeah. So at all of our grocery shops, we always kind of talk about the evolution of consumer behavior. But I think one particular shift within that larger topic is just kind of the consumer behavior related to more health conscious shopping. And we saw that that was prominent across this year's show, I think more than it's ever been at any grocery shop. And I think that the reason for that was because of a lot of different factors. I think just generally there's more consumer demand for kind of healthier eating. Obviously there is the rise of GLP1 medication adoption and how that's impacting folks dietary preferences. And then I think there's also some kind of government initiatives and whatnot that's encouraging CPGs to maybe take some certain ingredients out of their products. And so all of that I think just created this groundswell of healthy conscious shopping being a top focus for this year. So in instances where we may have had to like drag folks into a particular session related to health, now this year those sessions were packed and filled to the brim. And I think it's also interesting that a lot of CPG organizations that we see that are performing really well. Ben just mentioned this in the Zeitgeist presentation yesterday. In terms of companies that are driving volume led growth, one of them that was in the food and beverage category, I think the only one was Danone. And then when you take a look at Chobani, who we featured on track sessions as well, because of their excellence at driving volume led growth, it all kind of hints to the fact that you should be, in order to unlock growth, you kind of should be relating to where the consumer is headed. And so it's no coincidence that those companies are doing really well.
