This week in FMCG
The month is ending on a good note with exciting news in the FMCG sector. Have a look back on what happened this week.
Supermarket giant Woolworths revealed plans to trial new data embedded (or 2D) barcodes in August 2019 to help reduce food waste and sales of expired products. It is partnering with Hilton Foods and Ingham’s to stamp 2D barcodes on fresh meat and poultry products sold at supermarkets nationally. Woolworths general manager of business enablement, Richard Plunkett said that “2D barcodes have immense potential and we’re excited to see how they will improve food safety, traceability and stock management.”
The new 2D barcodes will allow retailers to pinpoint the specific batches that are affected and trace it back through the production line – making it easier to identify the source of contamination and avoid throwing out unaffected products to the landfills.
Mars Food Australia announced its new Seeds of Change Accelerator with Food Innovation Australia Limited. The program will speed up the growth of innovative food businesses. The FMCG giant selected six Australian-based start-ups to undertake a tailored four-month program to help tackle their individual challenges and received a grant of up to A$40,000. Mars Food director Peter Crane said the company pledged to “honing the next generation of food innovators and dedicated to creating and delivering healthier, easier and tastier food for more people”.
Supermarket giant Coles general manager of grocery Anna Croft said during the Australian Food and Grocery Conference in Sydney that it’s transforming its food offer to a more tailored range powered by innovation and convenience. It will focus on everything from store formats to food ranges and technology. Croft said that “customers are changing faster than we’ve ever seen”. She also highlighted the importance of having a diverse culture at Coles and the supermarket is in talks with international brands to discuss importation of new products.
Convenience store chain 7-Eleven Australia has gone cashless and cardless in Melbourne so customers can shop using the app on smartphones. Angus McKay, 7-Eleven CEO, said that the convenience store is committed to providing more enjoyable and convenient shopping experiences as “nobody likes to wait, so eliminating queues was part of the mission for this mobile checkout.” The workers will be able to focus on customers and on delivering food offerings. It was first trialed at 7-Eleven’s Exhibition Street Melbourne store and fully launched at the new concept store in Richmond.
That’s it for this month of May. Inside FMCG will be back on Monday morning!