Foodservice,
restaurant, and all prepared food retailer’s business models are evolving
faster than many companies can manage successfully. At the intersection of
grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared food there is a
melting pot of new technology, changing demographics, and new authentic bold
international full flavored menu / product offerings luring customers from one
foodservice sector to another at a pace that is disrupting according to Foodservice Solutions® Grocerant Guru®.
While the economic upheaval
that began in 2007 continues to linger, many consumers have now developed new
paths to purchase, they have found new avenues of distribution offering comfort
food that reflects today and
tomorrow’s customer base rather than yesterdays.
Clint McKinney, group
director of for convenience retail for Coca-Cola North America stated “Food is a lifestyle choice now, not a
staple”. McKinney’s comments echoing
those as regular readers of this blog know those of Steven Johnson our very
own Grocerant Guru®.
Part of that new
comfort food process that consumers of all ages
are adopting is
Eating-In
while Eating-Out according to our Grocerant Guru®. The ability to mix and match meal components
into a customized family meal without cooking from scratch is simply
irresistible according to Johnson. Coca
Cola’s McKinney has identified six keys to satisfying the evolving new consumer
they are:
1.
Value Plus.
This pertains to delivering value (such as meal bundling), but with an extra
surprise (like offering a new topping or flavor).
2.
Evolution of Healthy.
Bringing simple ingredients, more fresh food and transparency of where it comes
from; what millennials call “clean eating.”
3.
Flexibility & Discovery. This is about expanding meal
occasions such as taking advantage of the growth in snacking, and creating new
choices for customers like a c-store mashup. “How about nacho cheese churros?”
he suggested.
4.
Hyper Convenience.
C-stores own this, but others are trying to compete here. Look for on-demand
delivery and greater importance of off-premise occasions, such as takeout and drive-thrus.
5.
Digitization. This
is about “out-of-outlet” engagement. Retailers will need to leverage the power
of social media to build visits and brands. They need to make their outreach
“share-worthy.”
6.
Brand Authority.
Retailers will need to upgrade the experience for tomorrow’s customers.
Millennials place greater importance on eating in a cool, hip setting. “Also,
you must have a clear identity and brand story, and you must communicate it in
a clear way,”
Consumers
are dynamic not static and foodservice retailers must evolve or face the fact
that they are capitulating customers to other retailers that are more in-tune
with the consumer according to Foodservice Solutions® Steven Johnson.
www.FoodserviceSolutions.us is the global leader in grocerant niche
business development. We can help you
identify, quantify and qualify additional food retail segment
opportunities. Has your company had a
Grocerant ScoreCard completed? Want
one? Call 253-759-7869 Email: Steve@FoodserviceSolutions.us
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