Food Retailing – Progressive & Dynamic Space

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Presentation transcript:

Food Retailing – Progressive & Dynamic Space Presented at National FMCG Summit on GST, Supply Chain, Counterfeiting and Retailing Presented by: VIJAY SARDANA Agri-foodbusiness & Commodity Trade Expert Blog: Vijay Sardana Online

Food market is growing but changing as well Major packaged-food companies lost US$4 billion in market share alone last year. For more information, visit blog: "Vijay Sardana Online"

For more information, visit blog: "Vijay Sardana Online" Retail food Retailing is Final step of value chain: between Seller & Actual Consumer of the product or services Retail food is all food, other than restaurant food, that is purchased by consumers and consumed off-premise. Retail food comes in all shapes and sizes and is protected by numerous government agencies. The U.S. Food and Drug Administration reports that more than 3,000 state, local and tribal government agencies are responsible for overseeing retail food and food service industries. For more information, visit blog: "Vijay Sardana Online"

Major determinants of food choice The key driver for eating is of course hunger but what we choose to eat is not determined solely by physiological or nutritional needs. Some of the other factors that influence food choice include: Biological Determinants Hunger Appetite Taste Economic Determinants Cost Income Availability Physical Determinants Access, Education, Skills (E.G. Cooking) Time Social Determinants Culture Family Peers Meal Patterns Psychological Determinants Mood, Stress Guilt Information Determinant Attitudes, Beliefs And Knowledge For more information, visit blog: "Vijay Sardana Online"

For more information, visit blog: "Vijay Sardana Online" Food Retailing For more information, visit blog: "Vijay Sardana Online"

Food Value Chain Analysis For more information, visit blog: "Vijay Sardana Online"

Factors influencing Consumers’ Purchasing Behavior Choices Limited Exponential Formats Small Large Information Instant & all types Media Awareness Mass Personalized For more information, visit blog: "Vijay Sardana Online"

Factors Influencing Food Retail Chain Management For more information, visit blog: "Vijay Sardana Online"

Components of Food Retailing For more information, visit blog: "Vijay Sardana Online"

Retail Communication is key to success For more information, visit blog: "Vijay Sardana Online"

Retailing is in Transition Online Formats Emerging Formats Established Formats Traditional Formats Historic Formats For more information, visit blog: "Vijay Sardana Online"

Let us do the reality check? For more information, visit blog: "Vijay Sardana Online"

Success Factors for Food Retailing: Build Trust Innovation Strong regulation to give confidence to consumers Develop relationship Offer Solutions, not just products Offer Convenience & Experience Be transparent and share information Remain cost competitive For more information, visit blog: "Vijay Sardana Online"

For more information, visit blog: "Vijay Sardana Online" Time to re-skill your staff to re-orient the mindset because playground has changed For more information, visit blog: "Vijay Sardana Online"

For more information, visit blog: "Vijay Sardana Online" Open for discussion Feel free to contact the speaker for further discussion... Email: sardana.vijay@gmail.com For more information, visit blog: "Vijay Sardana Online"