In this file:
· Walmart Set to Dethrone Amazon As New Online Grocery King
· Amazon And Uber Want To Change The Way You Buy Groceries
· Amazon is reportedly testing its cashier-less technology in larger stores
Walmart Set to Dethrone Amazon As New Online Grocery King
via Fox Business - December 02, 2018
Amazon.com (NASDAQ: AMZN) may own the online grocery segment Opens a New Window. at the moment, but Walmart (NYSE: WMT) is rapidly expanding its capabilities, which could lead to the supermarket giant toppling the e-commerce leader by the end of the year.
Deutsche Bank says Walmart is so strategically invested in its online business compared to its physical stores that it "is best positioned to continue to take both mind and market share going forward."
Walmart already has about 2,000 stores that facilitate curbside grocery pickup service, and another 1,000 will come on line by the end of next year, executives said at a recent investor conference. Using its own services as well as those from providers like DoorDash, Deliv, and a trial project Opens a New Window. with Alphabet's self-driving car subsidiary Waymo, Walmart will have the ability to reach 40% of the U.S. population with online grocery delivery.
Online grocery shopping still an untapped opportunity
The potential for online grocery shopping is huge, if for no other reason than that most U.S. consumers haven't tried it yet.
In a recent TABS Analytics survey, only 17% of respondents said they regularly shop online for groceries, meaning they buy groceries that way at least six times a year. That's 4 percentage points more than last year, but still represents a modest gain, given that 62% of survey participants said they never buy groceries online.
The survey also found that online grocers need to do more to ensure success, as just 44% of online grocery shoppers are loyal to the format, well below the 75% needed to ensure the channel's viability. TABS Analytics president and founder Dr. Kurt Jetta said, "This format has a long way to go to achieve a stable demand; until then eComm grocery will be relying on having to invest in expensive trial-generating activities."
Amazon is tops, but maybe not for long ...
Key takeaway ...
more, including links
Amazon And Uber Want To Change The Way You Buy Groceries
Brittain Ladd, Contributor, Forbes
Dec 3, 2018
Uber has extensive ambitions to become a major player in groceries. A recent report indicates that Uber is hiring a Head of Grocery Product with the goal to "build the organization and globally scale a brand new product offering which will fundamentally evolve how people purchase their groceries."
Uber understands the value of establishing a leadership position in the grocery industry. With sales in excess of $641B in 2017, the grocery industry is attracting considerable interest and investment. Amazon's acquisition of Whole Foods in 2017 was done for one reason - transform Amazon into a leading grocery retailer.
The business model that Amazon and grocery retailers like Walmart and Kroger utilize is primarily focused on customers shopping for groceries inside its stores, ordering groceries online to be delivered to the home or picked up at the store. The model is fairly basic.
The model Uber will create to achieve its grocery ambitions remains to be seen. What's certain is this: Companies other than traditional grocery retailers can and will severely disrupt the future of grocery retailing.
Direct To Customer In Office (DTCO) ...
Tech Companies Can Spark A Movement, Corporate America Will Follow ...
Apply The Concept Of Pooling To Grocery Retailing ...
A New Model For Grocery Retail: The Online Auction ...
Wholesalers And Retailers: Who Has The Advantage In An Online Auction? ...
Distribution And Logistics ...
Don't Predict The Future, Create It ...
more, including links
Amazon is reportedly testing its cashier-less technology in larger stores
A larger store means more items to keep track of
By Andrew Liptak, The Verge
Dec 2, 2018
Amazon might be aiming to scale up its cashier-less stores, according to a report in The Wall Street Journal, which says that the company is testing the technology in larger stores.
In January, Amazon opened its first cashier-less store in Seattle, which was followed by additional locations in Seattle, Chicago, and San Francisco. Those stores use cameras and software to detect what items customers pick up and charges them accordingly, allowing them to forgo the entire check-out process.
Amazon’s existing stores are the size of a small convenience store — and are thus much smaller than your typical grocery store, with fewer items and people to keep track of. Amazon’s rollout of the stores were delayed in 2017 because the stores kept breaking when there were more than 20 people inside. The WSJ says that Amazon has improved the software in those stores since they’ve opened, but apparently the technology still has trouble in those “bigger spaces with higher ceilings and more products,” according to the WSJ’s sources.
According to the report, Amazon is testing the technology in “a larger space formatted like a big store.” Those sources also say that the “most likely application” of that technology is for Whole Foods, which Amazon purchased in June 2017. It has said in the past that it doesn’t plan to implement the technology in the chain’s stores.
Amazon reportedly has big plans for its cashier-less stores, with plans to open as many as 3,000 by 2021. That would allow it to compete with chains like...
more, including links