actionable steps to increase basket size
| | | Fresh Intelligence Forecasting |
While grocers have traditionally done well during periods of food inflation, it is a different battle this time around as consumers are walking away with smaller baskets per trip. Even those retailers that have managed to maintain competitive pricing will have to reconsider their approach this year to maintain margins. Many grocers are prioritizing special promotions, optimizing assortment, and extending the shelf life of fresh items to increase basket size and earn consumer trust.
In this white paper, we share our exclusive industry best practices and the actionable steps you can take to combat soaring prices and win in Fresh: Meet changes in demand, optimize assortment and reduce shrink through AI powered Fresh Intelligent Forecasting. Gain visibility into inflation related changes to cost of goods such as recipe-based items to improve strategic pricing, promotion planning and correct margins. Automate ordering and production processes minimize labor expenses, errors, disruptions, and resource consumption. |
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