Business & Industry News

The latest by our team and the industries we serve

    LinkedIn Company Updates

  • 2 Days Agoview on linkedin

    The Business Accelerator Team

    Will Convenience be "Amazon'd"? The news has been dominated by stories of Amazon's plans to merge its Amazon Prime Now 2-hour delivery service with Amazon Fresh, its online grocery business. Does this pose the threat to convenience retailing that one might expect? While merging the concepts just might set in motion a change in consumers' buying habits, traditional retailers maintain many of the intangible benefits that can't be provided via a mouse click. I do agree with these sentiments, uncovered by the author when we he reached to various industry experts. Shoppers still like to interact with human associates in stores, but store employees need to be used more effectively and better trained. Retailers need to do a better job of leveraging their own data for insights and more interesting and personalized customer experiences. Retailers need to use technology more effectively across channels and to improve the in-store experience. https://lnkd.in/eHFjFnS

  • 4 Days Agoview on linkedin

    The Business Accelerator Team

    While the example within this article CPG centric, the thought-provoking analysis can be applied to any business today. Top performing convenience stores have traditionally been nimble and are examples of an evolution continuum. Starting as the neighborhood snack shop or fill-in grocer, today's top quartile convenience outlets employ sophisticated systems whether they are positioned at nicotine outlets, foodservice meccas, snack satisfiers or gasoline powerhouses ... or a combination of all of the above. Convenience operations are built upon the need to provide consumers with immediate consumption products. Convenience operators are and will continue to innovate delivering products. https://lnkd.in/dNV_p_S

  • 15 Days Agoview on linkedin

    The Business Accelerator Team

    Change is inevitable! As John Maxwell so eloquently phrased "Change is inevitable. Growth is Optional. We are in the age where technology must be used to drive fact-based decision making. We are also in the age where we have an obligation to continually remind ourselves that the human condition - both what it takes to service others and to respond to needs - is more than an algorithm. With a balance of technology and pragmatic, transparent conversation, growth is not only optional, but likely. https://lnkd.in/dzPezmu

  • 25 Days Agoview on linkedin

    The Business Accelerator Team

    The Circle of Convenience - food for thought ... Technologists have worked to create convenience for consumers over the past decade, with the evolution of online ordering, direct home delivery and pre-ordered in-store pickup. Now, the reliable and proven convenience retail model once again is being brought to the forefront.  While various retail channels define and hone their versions of impulse-marketing and convenience in an effort to lure customers from their screens and into the store, the concept of "omnichannel" continues to gain energy. The following discussion between Vincent Shen and Daniel Kline of the investment advice site, The Motley Fool, sheds some light into the thought processes among some larger retail chains seeking to leverage convenience in today's business landscape. https://lnkd.in/dAnWdEb

  • 29 Days Agoview on linkedin

    The Business Accelerator Team

    Meeting needs of consumers is the basis of the convenience sector. M & A activity continued strong and this trend will continue in 2018, Understanding the underlying player landscape will save vendors time, money and effort, allowing focus on those chains with solid foundations and plans to stay their course. With so many retailers vowing to save shoppers time and eliminate friction from the store experience, retailers focused squarely on convenience grew the fastest in 2017, according to new data from the NACS/Nielsen Convenience Industry Store Count report. https://lnkd.in/eGKGpmg

  • 1 Months, 6 Days Agoview on linkedin

    The Business Accelerator Team

    Innovation, quality and service will always win with consumers! Operators need support of manufacturers who can help with the journey of creating a unique selling proposition. Consumer interest in higher-quality food products has led the way for smaller grocers such as Trader Joe's to establish a foothold in the grocery retailing space. But it's not product quality alone - nor price or even convenience - that plays a singular role in making one retailer part of today's multi-stop shopper's grocery-shopping trip, says Acosta Marketing, which points to innovation as a key driver. https://lnkd.in/dqpShw4

  • 1 Months, 14 Days Agoview on linkedin

    The Business Accelerator Team

    Think of a market where $480 trillion worth of product is simply wasted every year, and you have a massive opportunity for more than just generating profit. Certainly, the opportunity was clear to former Whole Foods’ CEO Walter Robb, who recently partnered in a Colorado Springs startup, FoodMaven, which is aimed at bringing much-needed efficiency to the nation’s $1.2 trillion food supply chain. Robb, along with his business partner, technologist Patrick Bultema, have developed a system wherein they see an opportunity to reclaim as much as $200 billion worth of product that is lost annually due to system inefficiency. This Phil Lempert piece is a fascinating look at how much opportunity for good lies in modernizing a food distribution system that in many ways is mired in the 1950s. https://lnkd.in/d-SCSyG

  • 3 Months, 3 Days Agoview on linkedin

    The Business Accelerator Team

    Not only is Whole Foods sharing what they see as the big trends in food / foodservice, but they also share some specific products that answer these trends for consumers. Seems like the highlighted items should be reviewed for sales in the convenience channel. Let’s ride the roadmap offered by Whole Foods for some new category entrants. https://lnkd.in/d_hF4g5

  • 3 Months, 3 Days Agoview on linkedin

    The Business Accelerator Team

    Gen Z is the tipping point for new shopping behaviors moving mainstream. The generations behind Gen Z will only demand more digital interface. This article highlights some good technology to incorporate into store and consumer interface tactics. https://lnkd.in/d5C3vcC

  • 4 Months, 15 Days Agoview on linkedin

    The Business Accelerator Team

    One way of reaching the younger customer base, the one that can fuel convenience retailing for the next two decades – that Gen Z - can be done via Snapchat, Twitter and Instagram. If you agree, you may find this article of interest. If you don’t agree, you should! Consider: • Gen Z is will account for 40% of all consumers by 2020. • They receive about $17 per week in allowance, on average. • They demand free wifi. • One-third work collaboratively online with classmates. • They spend about 7 ½ hours per day on average socializing with friends and family! https://lnkd.in/dM4Rfm5

  • 4 Months, 22 Days Agoview on linkedin

    The Business Accelerator Team

    This article is worth reading! Whether a parent or a business leader, treating humans with dignity, trust and compassion will win. As an avid Trader Joe’s shopper, I can attest to the overall cheery attitude of employees in the store. This obviously ties back to the people and the culture of Trader Joe’s as a people business. If we take time to build rapport we will have trust. Employee trust in a brand leads to consumer trust in a brand. Building rapport – with employees and customers leads to trust and a positive brand culture. Enjoy the read! https://lnkd.in/d3vqC2t

  • 5 Months, 11 Days Agoview on linkedin

    The Business Accelerator Team

    Human kindness is never a bad approach to life or business! Good lessons noted in this short read. How can we take this thinking and parlay humanistic marketing back into mainstream business? Profits are needed, and a longer view related to creating profits will ultimately generate brand sustainability. https://lnkd.in/eYSJJe6

  • 5 Months, 18 Days Agoview on linkedin

    The Business Accelerator Team

    It’s early for mass market adoption, but more examples like of plant-based options are coming forth. How are you incorporating these trends into your establishment? Changing perceptions of current brands will take time, so take time now to start your journey and broaden appeal. https://lnkd.in/eBNfrMc

  • 5 Months, 27 Days Agoview on linkedin

    The Business Accelerator Team

    Branding is much more than a name and logo. And, branding evolution never stops. This short piece regarding Dunkin' is a reminder to us all. If you don't evolve, you dissolve. https://lnkd.in/dqHwXEj

  • 6 Months, 3 Days Agoview on linkedin

    The Business Accelerator Team

    This insightful note of leadership from Indra Nooyi shows why she has created a people-centric culture at Pepsi. https://lnkd.in/dz6N7VB

The Game-Changer Agenda

BATeam’s David Nelson unearths the economic rewards and risks in Trump’s priorities

'A Remarkably Good Story'

BATeam’s David Nelson offered an optimistic outlook for the convenience retailing industry at the 2016 NACS State of the Industry Summit.