Amazon is showing great commitment to its grocery business and will spend billions for future purchases. Sweden's Ikea is also determined to invest big. McDonald's looks towards prime ingredients, with a shift away from frozen meat, while Japanese consumers can look forward to the launch of Coca Cola's first ever alcoholic beverage.




Thursday, 08 March 2018





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Amazon is showing great commitment to its grocery business and will spend billions for future purchases. Sweden's Ikea is also determined to invest big. McDonald's looks towards prime ingredients, with a shift away from frozen meat, while Japanese consumers can look forward to the launch of Coca Cola's first ever alcoholic beverage.

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Europe


Major goals ▪ Ikea's new CFO is set to increase its already high levels of investment in the coming years. The Swedish furniture giant is also undertaking strategic changes. Italian consortium Gruppo Sun saw a 20.6% growth in private label sales in the first ten months of 2017, with beverage sales seeing the biggest gains in the period.



Checkout-free shopping ▪ Britain's Co-op is to launch an app allowing customers to scan and pay for groceries entirely using their smartphone. The introduction of the retailer's “shop, scan and go” service follows similar initiatives in the US, such as Amazon’s automated store or Walmart’s app.



Keeping track ▪ Carrefour is to expand its use of blockchain to improve checks on the standard of food products by allowing shoppers to track where they were sourced. The retailer currently uses the technology to trace the production of free-range chicken in the Auvergne region in France.




South America & Africa


Amazon in Brazil ▪ The e-commerce giant met with manufacturers in the country last week to discuss plans to stock and sell products there. This would take Amazon beyond its current role as a marketplace for third party sellers, and marks an advance into Latin America's biggest retail market.



Chicken chaos ▪ African retailers have been scrambling to remove products from Enterprise Foods and Rainbow Chicken from their shelves, after the firms were linked to the listeria outbreak which has claimed over 100 lives in South Africa. Neighbouring countries have also banned imports of cold meats from the affected manufacturers.




US & Canada


Billion-dollar commitment ▪ Amazon has marked roughly US$ 22 billion for future food purchases, which is regarded as a clear signal of the online giant's confidence to make the Whole Food deal work. The company is also set to offer a discounted version of its Prime membership to people on Medicaid.



Holiday blues ▪ Discount store operator Dollar Tree Inc faced a disappointing fourth quarter, reporting lower-than-expected sales at both its Dollar Tree and Family Dollar stores. This comes after biggest rival Walmart also posted a sharp drop in profit.



Forget frozen ▪ McDonald's has started offering fresh beef in burgers at its US restaurants, with the change to be rolled out to most of its 14,000 stores in the country by the end of June. The move is part of turnaround efforts in recent years hoping to ward off competition from premium burger chains.




Asia & Australasia


High spirits ▪ Coca Cola is to launch the first alcoholic beverage in the company's history. The drink, an alcopop-style product to be launched in Japan, is intended to ride off the country's growing taste for Chu-Hi, canned sparkling flavour drinks given a kick by a local spirit called shochu.



Kiwi numbers ▪ The country's biggest poultry producer Tegel group has announced that its full year profit may drop by as much as a fifth, blaming slow Australian progress. The Warehouse Group also saw profits fall, with net profit after tax for the first six months of the year 2018 down 16% on 2017.



Pizza partnership ▪ Jubilant FoodWorks, which operates fast food banners Domino’s Pizza and Dunkin Donuts in India, has announced a joint venture with Golden Harvest QSR to launch Domino’s in Bangladesh. JFL will be the majority shareholder in the partnership, with 51% of the total shareholding.