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Industry Focus

CG: What’s Next for the U.S. Grocery Industry?

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 17 September 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

It’s a time of major upheaval for the grocery business. Companies big and small are struggling with changing consumer demand. How to handle that was the main topic at GroceryShop, a trade show that brought the industry together taking place now in Las Vegas. Fool contributor Daniel Kline reports from the show as he discusses what grocery chains face with host Shannon Jones. That includes making big dollar decisions on delivery, supply chain, automation and other areas.

Transcript

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0:00.0

Thanks to Cabbage for supporting industry focus.

0:03.0

Get the money you need to run your small business today.

0:06.7

Go to cabbage.com to get started, credit line subject to review and change.

0:12.2

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0:15.2

issued by Celtic Bank member FDIC.

0:18.6

Welcome to Industry Focus, the show that dives into a different sector of the stock market every single day.

0:27.0

Today, it's Tuesday, September the 17th.

0:30.0

I'm excited about today's show for Consumer Goods.

0:34.2

I've got Dan Klein joining us from Las Vegas.

0:37.4

He is our boots on the ground

0:38.7

for what is one of the largest, if not the largest, grocery store, consumer package goods,

0:46.2

conferences out there. That's right, we're talking about grocery shop.

0:51.5

Dan, I can only say, I didn't even realize this was even a thing until you told

0:56.6

me about it several weeks ago. Yeah I gotta be honest I covered this industry and

1:01.0

this is year two of grocery shop and I've spent most of my time

1:04.6

here thinking it was the first year because I'd never heard of it but what

1:08.2

grocery shop is is it's a convention for everyone in the grocery space from from major players Amazon target Walmart

1:14.8

insta card to mom and pops to startups and they're sort of all dealing with the

1:19.2

question is of how are we going to get our groceries? How much is that is going to become digital?

1:24.6

How much is going to stay brick and mortar?

1:26.6

And sort of where's the omni channel mix?

1:28.6

And you're really seeing a lot of solutions

...

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