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44°
Saturday, nov 16
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US President FMCG and Retail
Business
Most Will Buy Groceries Online By 2024, Report Says
Grocery lists, frozen food aisles and produce sections may soon be a thing of the past, according to a new report, which states that consumers are continuing a nationwide trend of going digital to purchase groceries. Food Marketing Institute is reporting that as many as 70 percent of consumers will be buying their groceries online as soon as 2024, with Americans spending as much as $100 billion - $850 per household - annually purchasing food over the Internet. Last year, FMI predicted that digital food retailing would reach saturation in the next decade, but “2017 was a year of disruption.”…