New FMI Food Retail Survey Reveals E-Commerce Sales Growth Tempered by Pandemic-related Expenses and Ongoing Labor, Supply Chain Challenges
ARLINGTON, Va.--(BUSINESS WIRE)--Sep 15, 2021--
Eighteen months into the COVID-19 global pandemic, FMI, The Food Industry Association today released its annual comprehensive research report, The Food Retailing Industry Speaks 2021, which found that 95% of food retailers with e-commerce options saw an increase in online sales in 2020 as the result of pandemic-related changes in consumer shopping behaviors.
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FMI’s 72nd annual The Food Retailing Industry Speaks report provides the food retail industry with important operational and financial benchmarks as well as insights into strategic and tactical decisions. (Photo: Business Wire)
Yet even while consumer demand for groceries increased by 50% last year, resulting in an unprecedented 15.8% growth in same-store sales, 80% of retailers surveyed said difficulties attracting and retaining employees is having a negative impact on their businesses. Furthermore, ongoing global supply chain issues driven by the pandemic continue to persist for food retailers in 2021, with 42% saying supply chain disruptions continue to hurt their businesses.
“The pandemic transformed almost every aspect of the food retail industry – from the way consumers shop for groceries and consume their meals to how food is grown, produced and transported to supermarket shelves, to our ability to staff our stores and serve our communities,” said Leslie G. Sarasin, president and CEO of FMI. “Throughout the past year and a half, the food retail industry has been adapting to meet the shifting needs of the communities they serve. This year’s Speaks report outlines the resilience and transformation of the food retail industry amid the COVID-19 pandemic and examines the proactive strategies and investments retailers have made to adapt to the changing food retail landscape.”
TheFood Retailing Industry Speaks 2021 survey represents more than 38,000 food retail stores and includes 2020 operational and financial benchmarks as well as insights into strategic and tactical decisions. For more information and to download the report, visit FMI.org/GrocerySpeaks.
As The Food Industry Association, FMI works with and on behalf of the entire industry to advance a safer, healthier and more efficient consumer food supply chain. FMI brings together a wide range of members across the value chain — from retailers that sell to consumers, to producers that supply food and other products, as well as the wide variety of companies providing critical services — to amplify the collective work of the industry. www.FMI.org
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Nick Palladino |firstname.lastname@example.org
KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FOOD/BEVERAGE LOGISTICS/SUPPLY CHAIN MANAGEMENT RETAIL TRANSPORT SUPERMARKET
SOURCE: The Food Industry Association
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PUB: 09/15/2021 11:30 AM/DISC: 09/15/2021 11:31 AM