Transcript
A (0:00)
For over 50 years, mass market retailers, MMR has been the definitive media authority across key retail channels including discount, grocery club, e commerce and specialty. Now, Retail MediaIQ, MMR's parent company, is building on that legacy by integrating the trusted editorial insights and extensive reach of chain drug review into the MMR platform. At the same time, Retail Media Iq is expanding its editorial focus to include the fast moving convenience store channel. The result is a powerful, unified media platform that reflects the full scope of today's retail ecosystem. Backed by decades of expertise, deep industry knowledge and editorial excellence, the new mmr, which debuts in October, will deliver the most comprehensive view of retail and reach the largest, most influential audience of decision makers across the retail and consumer packaged goods sector. The strategic expansion of MMR mirrors the challenging dynamics of the industry and affirms the publication's mission to be the go to source for insights, analysis and access across every retail vertical. Check out the link in the digital liner notes to this episode. To reach mmr, make sure you're subscribing to their newsletter.
B (1:27)
Hello and welcome to episode four of the Commerce Shift with the CPG guys. I'm of course your co host Sri and AKA Papa Raj, co founder and CRO of Think Blue Consulting. I'm joined by my co host and co founder of The CPG guys, pvsb aka pwsbahn. How you doing man?
A (1:41)
Episode 4 Sree I'm doing great man. We're getting a lot of love from everybody. Three episodes in the in the can. We're producing number four right now. Of course we're sharing our opinions on what we think are some of the most important news items from our great CPG and retail omnichannel industry. Do follow us on other platforms including Instagram, TikTok and YouTube. All of them are easily found. In every case they're all CPG guys. It's that easy. So let's get to this week. We're going to take a little bit of a departure. Sri, I believe you were in Seattle this week at Amazon Accelerate. What is that and how was it?
B (2:17)
Peter Amazon Accelerate, for those who don't know, is the annual Sellers Conference on the third party platform hosted at the Seattle Convention center by Amazon. So it wouldn't have been your first time, but it was for me. Shout out to Hunter PR for having us the CPG guys there and for being amazing hosts. I was of course fortunate to be there. See the scale a first as I mentioned for me and little known data fact, Amazon's third party marketplace sellers business is larger than its first Party business and most of CPG and retail ignores it. You know why Peter? Because and doesn't even see it in the Nielsen and IRI circana market share because of the age old model of warehousing in cases. That's how most of our retail industry works. But what an event. Hundreds of sellers of all scale from, you know, startup 1 and 2 SKU sellers to establish 50 plus hundred plus SKU sellers. Millions of dollars of business. Exciting announcements by Amazon. You know for the three days I was there, Tuesday, Wednesday, Thursday. From artificial intelligence to multichannel fulfillment and buy with prime. And one very important one on ads for sellers as well. If there's one retailer who can crush it with leadership in tech people and the customer, you know that is Peter. Want to guess? It's Amazon. Of course. I was impressed with the general sessions too. Andy Jassy, the CEO himself was in a fireside chat which speaks volumes to the importance that Amazon is actually paying to sellers.
