More

    IGD unveils five global retail trends for 2022

    REUTERS/Simon Dawson/File Photo

    Global insight provider IGD has published its predictions for the global retail trends that are set to shape the international food and consumer goods industry in 2022.

    The new report outlines five key trends to help retailers and suppliers navigate the ongoing challenges brought about by COVID-19 and plan for the year ahead.

    “2021 was a year of ongoing disruption and adaptation for the food and consumer goods industry as we saw ever changing government policies, economic challenges and supply chain disruption, along with shopper behaviour changes,” said Toby Pickard, Head of Innovation and Future Retail Insight at IGD.

    “The continuation of COVID-19 has significantly accelerated digital transformation and refocused sustainability concerns for shoppers and businesses alike. Using our in-depth retailer and shopper knowledge we have predicted what strategic priorities will be key to businesses this year.”

    IGD’s five global retail trends for 2022:

    1. Dealing with Disruption

    Businesses became masters of uncertainty in 2021. Looking ahead to this year agility, flexibility and resilience will need to remain the cornerstones of retail operating strategies, particularly due to the emergence of new variants, supply chain challenges, labour issues and cost inflation.

    2. Physical fights back

    Retailers will need to adopt a range of tactics to generate shopper footfall in the short-term and develop strategies to use space in new ways over the longer-term in their physical stores. Five themes in particular will shape the physical store of the future: experiential and exciting, digitally enabled, highly efficient, omnichannel native and naturally sustainable.

    3. Quick commerce evolution

    The quick commerce space is evolving rapidly and becoming crowded, with many pure plays launching over the last 12 months. While this creates opportunities to reach new customers and serve new missions, IGD expects to see consolidation in the market over the next year.

    4. Restoration retail

    Shoppers expect our industry to lead on key sustainability issues. Retailers will continue to implement solutions to reduce packaging, specifically plastic packaging and food waste. They will progress with strategies to reduce their operating and supply chain environmental impact.

    5. Powering up profitability

    Retailers will experiment with technology to enhance their operations and drive profitability. Successful retailers will introduce digital technologies that have a low capital investment and are easy to update and rollout at scale.

    Suppliers and retailers in Europe are invited to join a free IGD webinar on 10 February (11am CET/10am GMT) to hear more about the must-see stores and 2022 trends that are shaping the market.

    Register here for the event and a free preview presentation.

    Latest

    Rishi Sunak announces £60m investment to help small businesses

    Prime minister Rishi Sunak on Monday launched measures to...

    Top companies call for mandatory food waste reporting

    Anti-food waste organisation Too Good To Go, in partnership with the British Retail...

    Proposed fine on shops flouting disposable vape ban is ‘drop in ocean’

    Firms flouting the proposed ban on disposable vapes should face harsher...

    Ufit unveils new White Chocolate Pudding

    Leading high protein RTD brand Ufit has announced the...

    Don't miss

    Rishi Sunak announces £60m investment to help small businesses

    Prime minister Rishi Sunak on Monday launched measures to...

    Top companies call for mandatory food waste reporting

    Anti-food waste organisation Too Good To Go, in partnership with the British Retail...

    Proposed fine on shops flouting disposable vape ban is ‘drop in ocean’

    Firms flouting the proposed ban on disposable vapes should face harsher...

    Ufit unveils new White Chocolate Pudding

    Leading high protein RTD brand Ufit has announced the...

    ‘Not For EU labelling to disrupt supply chain for wholesalers’

    Not For EU labelling will disrupt the food and...

    Rishi Sunak announces £60m investment to help small businesses

    Prime minister Rishi Sunak on Monday launched measures to help small businesses navigate the weak economy, as he seeks to boost his standing before...

    Top companies call for mandatory food waste reporting

    Anti-food waste organisation Too Good To Go, in partnership with the British Retail Consortium (BRC), has published an open letter signed by over 30 leading companies from the...

    Proposed fine on shops flouting disposable vape ban is ‘drop in ocean’

    Firms flouting the proposed ban on disposable vapes should face harsher fines to deter unscrupulous businesses, the Local Government Association (LGA) has said, calling for the...