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Millennials on-going quest for food discovery

What is evolving fast is how and why consumer eat, and prepare meals at home

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Why-behind-the-buy-millenial-vs-Boomer-Gen-X-bought-rest-food-and-ate-elsewhere.jpg

Millenials food trends... favor buying from restaurants and eating elsewhere

Why-behind-the-buy-millenial-vs-Boomer-Gen-X-oredered-takeout.jpg

Millenials order takeout food twice as often as Baby Boomers

Acosta Sales and Marketing
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This chart illustrates why food brands need to be prepared for Millenial food shoppers

Acosta Sales and Marketing

This is a continuation of Eating Out by Eating In?

Millennials on-going quest for food discovery

Millennials on-going quest for food discovery is driving the growth in points of distributions, new flavors, and technology introductions in the fresh food space aka the grocerant niche.  That discovery is a result of an increase in multi-generational households, multi-ethnic households and technology advances.

What is evolving fast is how and why consumer eat, and prepare meals at home.  Channel blurring is not in the minds-eye of the consumer.  Channel blurring is only in the minds-eye of Neanderthal brand mangers and some Boomer CEO’s that do not understand the concept of share of stomach vs share of market.

Proper understanding of share of stomach is more important for long term product, brand, and company survival than ever before.  Today, Eating Out, may mean Eating In. Starbucks is a great food merchant because they are focused on the evolving consumer. Where is your food sold and where is your food eaten? Here is one success clue: follow Millennials.

Food Retailers See a  “seismic shift” to online shopping. 

One Boomer CEO does Stand out

Legacy Starbucks CEO once considered a restaurant sector CEO has evolved and stood out from his peers and is now considered a “retail food merchant extraordinaire” according to Foodservice Solutions® Grocerant Guru™.

Howard Schultz, president and CEO of Starbucks stated he sees a “seismic shift” to online shopping.  So concerned was Schultz he has reorganized Starbucks leadership team.  His concern was based on retail research indicators (and I think SBUX sales numbers) pointing to the fact that legacy brick and mortar retail stores locations are at an “inflection point” in losing traffic to e-commerce shopping. 

Starbucks is one of the best food merchants. Starbucks has created a customer focused platform of product customization, convenient meal participationdifferentiation and individualization according to Foodservice Solutions® Grocerant Guru™.  When Starbucks detects a “seismic shift” an “inflection point” the team at Foodservice Solutions® agrees and understands.  That shift is occurring and in larger part driven by activates within the Grocerant Niche including new non-traditional points of fresh food distribution.

And it is not just upscale Starbucks seeing this shift. Traditional supermarkets are grappling with  the “seismic shift” to online shopping.

According to an article in Supermarket News Thom Blischok of Booz & Co “Experts think it’s inevitable that sales of many non-perishable grocery categories will eventually take place online. Retailers need to meet that demand, but also the creative challenge of what to do with the space that it will open up in stores. He shared his ideas about “Tomorrow’s Trends Delivered Today: Store Design Trends — The Path to 2025” at a recent Food Marketing Institute conference and you can read his article Future Online Sales to Open Space for Design Innovation in Supermarkets - SN.

 

Replace a boomer CEO with a Millennial

It is time to challenge conventional fresh food retail including restaurants and grocery stores business models.  Embrace the consumer not brand protectionism. Don’t think of innovation as change but rather as a platform simultaneously embracing the consumer and the brand. If success does leave clues it just might be time to replace a boomer CEO with a Millennial.

Leaders vs. Laggards

These are companies in a quagmire, Red Lobster, Chili’s, Wendy’s, KFC, Pizza Hut, Olive Garden.

Companies with leaders driving change are Kat Cole of Cinnabon, Steve Ellis of Chipotle and of course Howard Schultz  of Starbucks.

See Eating Out by Eating In? Millennials  Drive Change in Retail Foods

Want to read more about supermarkets seeing the “seismic shift” to online shopping for foods?

Non-Traditional Fresh Food: Amazon Fresh is Bold, Brave, Branded
Amazon Fresh launches new Seattle Spotlight program offering access to restaurant meals and ingredients limited to the Seattle area. “Seattle Spotlight” is an interesting blend of takeout and home cooking.

How Amazon Selects Food Vendors for Seattle Spotlight
Online Grocery Shopping business models have fallen on that “last mile of delivery”. Well Amazon Fresh’s Seattle Spotlight program has the solution for selecting vendors and getting your food to you fresh.

Visit: www.FoodserviceSolutions.us  if you are interested in learning how Foodservice Solutions 5P’s of Food Marketing can edify your retail food brand while creating a platform for consumer convenient meal participationdifferentiation and individualization or you can learn more at Facebook.com/Steven Johnson, Linkedin.com/in/grocerant or twitter.com/grocerant

 

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