Amazon's food offensive forcing supermarkets into 21st century
Washington
WALK into a grocery store 10 years from now, and you'll see more prepared meals, personalised recommendations and perhaps even an in-house restaurant.
What you probably won't see is a random stockpile of food and a long line at the register. Time-consuming trips and a cumbersome check-out process are some of the top challenges that grocery stores aim to tackle in coming years, and the stakes are high. Online delivery services and deep-discount chains are threatening to upend supermarkets' long-held perch in the food landscape.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Possible class action lawsuit against Cordlife by customers could take at least 2 years
Chinese tariffs could leave cognac makers with too much brandy
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share