The grocery industry is maintaining a stagnant, or minute, growth status which means that there is not much extra room for improvement. If there was
one area that had to use some innovation, it could be the online experience for
each company. I think each store has the basic layout figured out to increase
the customers’ satisfaction of their experience inside the store. The new
question is what if people don’t like the hassle of shopping or don’t know
their plan of attacking their grocery list before even entering? Would it not make it easier on the shopper if they knew exactly where to go to get exactly
the foods they were looking for? This is where the innovation comes into play.
In my opinion, companies should do one or both of the following options. They
should (1) devise an online shopping center to allow customers to pick out the
foods they desire and have their food delivered to them and/or (2) create an
online site where the shopper could type in their list, specify exactly which
brands of food they want, and the computer could automatically develop a route
on a map of the store to show the customer what the quickest, easiest path to
take to get in and out of the store as fast as possible. For those lazy people
who do not even enjoy getting out of their couches and going to the store to
shop, they should be given an alternative option to have their food delivered
to them. If there were an extra charge for assorting the foods and having them
delivered that same day, this could turn out to be profitable for the company
if it turned out that people were actually this indolent. If they were not as lethargic
as described, the excursion through the store should at least be made easier
for the customer. After they were able to find their exact brand of each particular
food item on their list on the store website program, it should formulate a
specific route the customer can take through the store to be able to pick up
every single item with the least amount of disturbances and in the shortest
amount of time. Then all they would have to do is print out this map and their
shopping experience would be a breeze. This would only encourage customers to
shop at the grocery store because they know that it will be simple, fast, and
less hectic because everything they need to retrieve is already planned out for
them on their paper. This easy addition to a company could be a huge
breakthrough in the innovation of the grocery industry.
Perhaps, an explanation for the slow growth in the Industry can be found in my post. I described how as the economy recovers, grocery becomes an inferior goods. For example, people have more disposable income to pay for restaurants, and that drives away profits from the grocery industry.
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