FoodLogiQ Attends GroceryShop, an Inaugural Event Focused on Digital Transformation in Grocery and CPG
This week marked the premiere of the inaugural “GroceryShop Conference,” a one-of-a-kind innovation event exploring disruptive trends, technologies and business models in grocery and consumer packaged goods (CPG). FoodLogiQ’s own JP Gutierrez, vice president of strategic initiatives, shared a bird’s-eye view of the conference from the showroom floor.
“The food industry is evolving at such a fast pace, and grocery and CPG segments are undergoing massive change,” explained Gutierrez. “Most businesses made the shift to online business long ago, but grocery is the last major category to make that transition; in fact, only 2 - 3% of grocery sales in the U.S. come from ecommerce. Companies like FoodLogiQ, along with our colleagues at Avery Dennison (group pictured below with incoming FDA Deputy Commissioner Frank Yiannas) are the movers and shakers who are working to change those numbers through providing transparency solutions that can improve consumer trust.”
According to industry experts, new omnichannel offerings will emerge over the next few years, providing new ways to order groceries and more convenient delivery and pickup options. The result will be an increase in orders via digital platforms, as well as significant changes in physical stores as they become a key part of order fulfillment. At the same time, new technologies like artificial intelligence and blockchain will start to transform the supply chain.
“FoodLogiQ was privileged to join Avery Dennison at GroceryShop as we shared our joint proof of concept using Avery’s RFID tool and FoodLogiQ’s Connect platform,” says Gutierrez. “We demonstrated how the product and location data Avery collected via RFID was uploaded into FoodLogiQ Connect using our Track + Trace traceability tool, providing a clear visualization of critical tracking events along the product’s journey to its retail destination. It was a wonderful illustration of how industry collaboration and true interoperability can yield great success.”
To learn more about how FoodLogiQ’s cloud-based solutions help customers with traceability, food safety and supply chain transparency,request a demo.