Price Check: Inflation Proofing Your Fresh Operations in 2022

Learn how technology helps to combat fresh food inflation and protect margins in grocery.

The chaos of panic buying and empty produce aisles may be behind us. Still, the sense of heaviness and uneasiness is stronger than ever in grocery stores as inflation increases at its fastest rate in decades, eating up budgets in American households. While retailers have traditionally done well during periods of grocery inflation, we are facing unprecedented challenges in fresh.

The recently released, FMI—the Food Industry Association’s 2022 Power of Produce report revealed that shoppers rank price of fresh products as the number one factor when making purchasing decisions, followed by appearance (19%), health benefits (19%), and ripeness (15%).
 
How can grocers combat soaring food costs to win in fresh?

Join us for a highly relevant panel conversation with Invafresh Freshologist Joe Smirlies along with Rick Stein at FMI to gain:

  • Actionable steps grocers can take immediately to minimize the impact of rising commodity prices to protect margins in 2022.
  • The safeguards against the challenges of inflation: how leaders are filling in operations gaps and establishing accurate real-time costing and reporting in ingredients used to make produced finished goods.
  • How to leverage fresh-centric forecasting data to make rapid and precise decisions to remain competitive.
Think forward. Think Fresh. 

Can’t make the live event? We’ve got you covered. Register and we’ll send you the on-demand viewing link shortly after the broadcast.

 

About Joe Smirlies, SVP of Product, Invafresh 

As Senior Vice President of Product Management, Joe is recognized as one of the world’s foremost experts in sustainable fresh-native technology solutions. With over 30 years of experience in the grocery technology sector, Joe brings the depth and breadth of expertise to service fresh food retailers with innovative technologies to share the future of fresh food retailing. Co-creator of Invafresh’s portfolio of solution, Joe partners with leading global grocery retailers to understand their challenges and deliver technologies to optimize sales, operational processes, and food waste initiatives.

 

 

 

About Rick Stein, Vice President, Fresh, FMI

 

Rick Stein joined FMI in 2014, and is responsible for developing a portfolio of services and activities to assist members in formulating and executing their fresh food strategies. Prior to joining FMI, Rick spent 30+ years in a wide range of retail grocery merchandising and marketing responsibilities.

 

 

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The Recipe to Combat Inflation: Fresh Intelligent Forecasting

Rise above inflation with a Fresh-centric AI enhanced forecast engine to track rising food costs, automate operations, and optimize labor and build consumer loyalty.

By submitting this form, I consent to be contacted by Invafresh, which includes receiving Invafresh's promotional messages via email, in accordance with Invafresh's Privacy Policy.