Need to catch up on the latest happenings in the food and beverage industry? Our top five articles for January include a look at the Kroger-Albertsons merger, how to draw Gen Z to manufacturing, and how companies can achieve sustained growth in the private-label food and beverage space.
#1. Why the Kroger-Albertsons Merger Could Be a Win-Win for the Industry…and Customers
Guest authors Vamsi Valluri and Sunder Balakrishnan discuss the benefits of the Kroger-Albertsons merger, including the opportunity to compete with Walmart, Amazon’s at-home delivery, and Costco. This piece outlines some of the hurdles the merger plan has seen, as well as customer-centric opportunities that have emerged as a result of the merger.
#2. What Will 2023 Bring for the Food and Beverage Industry?
This article highlights five focus areas for the food and beverage industry in the coming year, including the impacts of inflation on grocery spending and appealing to Gen Z workers. Although the past few years have been unpredictable, the challenges brought on by the pandemic will continue to impact the food and beverage industry this year.
#3. CPG Companies Think Beyond Costs to Boost Profitability in 2023
Consumer products executives shared the challenges and opportunities they’re expecting in the coming year. While most executives (eight in 10) were neutral or pessimistic about the global economy as well as geopolitcal stability, optimism remained about their company’s performance (74%) and strategy (80%). The article also highlights challenges that are expected to carry over from last year and factors that will drive profitability in 2023.
#4. Attracting Gen Z to Manufacturing
Guest author Terri Ghio explores how the rapid retirement of Baby Boomers in the coming years is expected to affect manufacturing. This piece offers tips to attract the next largest working generation, Gen Z, to manufacturing. Ghio highlights ways to modernize operations and improve productivity while highlighting key areas that are important to this younger generation.
#5. Sustaining Growth in Private Label Food and Beverage Manufacturing
Due in part to many branded products being out of stock during the pandemic, consumers are trying more private label brands. This piece explores the future of these brands and addresses how to face challenges and make key changes to achieve sustained growth.