Digitization is the Future for Grocery Retailers, But Don’t Forget To Manage Risk

Retail_color

Grocery retailers, are rapidly adopting new technology to meet the needs of consumers. While many of these technology updates are visible in the stores themselves, grocers need to think about digitizing the back office as well. In a recent article in Progressive Grocer, Brian Shannon, Chief Strategy Officer of Dolphin, discusses a how digitization is the future of grocery retail, but he cautions that companies should not forget to manage risk throughout the supply chain. An excerpt from the article is below: "The retail space is continuously evolving, and innovations in technology are transforming the grocery environment as digitization of customer-facing and back-office processes increases. To process and move inventory quickly and respond to changing consumer preferences, grocery companies require real-time access to all of their information to make swift business decisions. By moving away from paper and going digital, companies can gain greater visibility and respond quickly to shifting consumer preferences and new regulations. Mitigating risk in the supply chain is essential, and grocers must be able to quickly trace products from producers through the entire distribution chain to individual stores. Responses to these problems must be thoughtful yet timely, with due consideration for all constituents and long-term strategy. Ensure that there’s a strategy in place to retain product data according to policies and regulations – and don’t forget to ensure data can be retrieved quickly when required." For more information on the future of process optimization in the food and beverage industry, read the full article on Progressive Grocer.

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Digitization is the Future for Grocery Retailers, But Don’t Forget To Manage Risk

Retail_color

Grocery retailers, are rapidly adopting new technology to meet the needs of consumers. While many of these technology updates are visible in the stores themselves, grocers need to think about digitizing the back office as well.

In a recent article in Progressive Grocer, Brian Shannon, Chief Strategy Officer of Dolphin, discusses a how digitization is the future of grocery retail, but he cautions that companies should not forget to manage risk throughout the supply chain. An excerpt from the article is below:

The retail space is continuously evolving, and innovations in technology are transforming the grocery environment as digitization of customer-facing and back-office processes increases. To process and move inventory quickly and respond to changing consumer preferences, grocery companies require real-time access to all of their information to make swift business decisions. By moving away from paper and going digital, companies can gain greater visibility and respond quickly to shifting consumer preferences and new regulations.

Mitigating risk in the supply chain is essential, and grocers must be able to quickly trace products from producers through the entire distribution chain to individual stores. Responses to these problems must be thoughtful yet timely, with due consideration for all constituents and long-term strategy. Ensure that there’s a strategy in place to retain product data according to policies and regulations – and don’t forget to ensure data can be retrieved quickly when required.”

For more information on the future of process optimization in the food and beverage industry, read the full article on Progressive Grocer.