Inspirational Shopping & Accelerated E-Commerce Advances Among CPG Predictions for 2021
JACKSONVILLE, Fla. — After an unprecedented year, consumer packaged goods (CPG) companies, retailers and manufacturers can expect consumers to focus on personal health and self-care, technology and fulfillment efficiencies as they usher in a new year.
Jacksonville-based Acosta, a leading full-service sale and marketing agency, released its top CPG predictions for 2021, which include unceasing emphasis on health and safety, accelerated advances in e-commerce, inspirational in-store shopping experiences, efficiencies with fulfillment, and consolidation and partnerships with retailers and manufacturers.
"Many of the changes we saw implemented in 2020 due to the pandemic will carry over into 2021. Health and safety will continue to be paramount for retailers and consumers, and e-commerce growth will continue on its accelerated path," said Colin Stewart, executive vice president of Business Intelligence at Acosta. "Grocery shopping was not fun this year, and post-COVID, stores will need to make it a more enjoyable experience with unique offerings, better prices and stocked shelves."
Acosta's top CPG predictions for 2021 are grouped into five categories:
1. Health, Well-Being and Safety
Store employee and shopper safety come first
Increased focus on personal health and self-care
Shoppers demand full transparency
Increase in plant-based alternatives
2. Technology Activation Accelerated
Increased role of e-commerce with seamless integration of store and online
Mobile-driven store designs and real-time, personalized shopper solutions
Auto-replenishment via online subscriptions
Smart home integration with shopping
3. Inspirational Shopping Experiences
Focus on in-store shopper services and meal solutions
Blurring of food at-home and away-from-home channels
Self-serve food options in store are reinvented
Personalized offerings become the norm
4. Fulfillment Efficiencies
Supply chain is revitalized
Backroom, dark store fulfillment rise to meet demand
Autonomous delivery forges ahead
Post-COVID focus on the four Ps — product, price, promotion and place
5. Consolidation & Partnerships
Last-mile delivery options expand
Unique offerings for in-store services
Retailer and manufacturer mergers and acquisitions
Acosta's top CPG industry predictions for 2021 were compiled by Acosta business leaders across North America and supported by analysis and custom research by Acosta Strategic Advisors.