57: Grocery Retail Economic Trends to Prepare for in 2023

Digital Grocer Podcast

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Welcome to part 3 in a three part Digital Grocer podcast series discussing the macro economic trends influencing the grocery industry.

In part 1, Mark and Sylvain were joined by Zac Wilson, Director of eCommerce at Raley's Supermarkets to discuss geopolitical challenges, rising interest rates, and how the pandemic has evolved consumer expectations.

In part 2, they were joined by John Lucot, retired President and COO of Giant Eagle, where they discussed grocery inflation, the impacts on retailers and how to respond.

In this episode, Sylvain and Mark are joined by Claire Fan, an economist from the office of the CEO of Royal Bank of Canada to discuss the discuss the Canadian and U.S. economy and how current events are affecting grocery consumers, as well as what is happening from a geo-political perspective and how that will impact the economy and grocers in general.

Some of the interesting and valuable topics covered in this episode include: current macro state and trends with the Canadian and U.S. economy, how inflation is surging globally and what that means for grocers, how consumers are responding to the economic situation and the impact on consumer spending, strategies that grocery retailers are implementing to combat inflation and economic challenges, how the Russia and Ukraine war will impact North American consumers. And finally, what grocers should expect from the economy going into 2023, and advice for business leaders and how they can respond and adjust their plans for the future.

This episode provides valuable insights for anyone interested in learning more about the current state of the economy and its impact on the grocery industry. So, listen in now!

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