📍 Tracking The ROI Of Sustainable Practices

The common belief in food and ag industries is that the adoption of environmentally sustainable practices comes at a financial cost. However, new research from Rabobank found that the economic damage caused by a “business-as-usual” approach to food systems totals well above $10 trillion each year. 

Become an Insider to access all the latest insights from Rabobank's Foodbytes Q1 2024 report.

The future of grocery shopping is now, and Good Food Holdings – the parent company of Bristol Farms, Lazy Acres, New Seasons, New Leaf and Metropolitan Market – is embracing it with open arms as it pilots new tech-optimized additions to its stores, like smart carts and integrated apps.

🧬 Good Food CEO Neil Stern told Nosh that the company began a store modernization initiative around 2020, introducing self-checkout kiosks at Bristol Farms locations, and has since rapidly embraced new technologies to modernize the shopping experience.

🛒 Smart carts, equipped with tablets, are chief among this new tech. They are being tested at several locations and aim to help consumers track their spending and locate new products. The carts may even open up a new revenue stream: paid ads.

🤖 Smart carts are just the tip of the iceberg though. The grocery chains have been adding new digital item tags, integrated phone apps, and exploring ways to utilize A.I. to better engage consumers.

For the full scoop, read the story on Nosh.

• News of a globally-sourced ingredient purveyor buying up a breadings and batters supplier
• Kevin's Natural Foods sees a leadership shift after its acquisition
• Why Grillo's is introducing a new pickle pack format

Become a BevNET & Nosh Insider to gain access to exclusive Insider-only newsletter content, as well as all digital content on BevNET.com and NOSH.com. Tap into our video archives, including Community Call and educational series, unlock event and job listing discounts, and engage with our community of  food and beverage professionals.