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WHY IT MATTERS: Digital Transformation
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Curated by
Farid Mheir
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From
a16z
From data-driven menus to the specter of the "kitchenless home," here's how online ordering and food delivery is fundamentally changing how and what we eat.
Farid Mheir's insight:
WHY IT MATTERS:Â the concept of kitchenless homes may sound crazy but in space constrained Asian cities, university and colleges this may not be such a crazy concept. Moreover, as we've seen during the corona confinement, it may be an essential service for some. The podcast explores what this future may look like. 
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From
medium
CloudKitchens is announcing its multi-tenant ordering capability through its branded “Internet Food Court.” It has created what it dubs a “superstore” on third-party delivery apps to aggregate all tenants from its Koreatown, Los Angeles location on a single menu to enable families or couples to order multiple cuisines and convenience items in a single delivery.
Farid Mheir's insight:
WHY IT MATTERS: this crisis will see the creation of new business models for restaurants. This is one of them. I remain skeptical about the business model for meal delivery but ghostKitchens + specialized delivery services may provide the answer.Â
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Online grocery spending continues to grow at a rapid pace, now making up 5.5% of total grocery spending in the U.S., according to a new study from advisory firm Brick Meets Click. Nearly 30% of U.S. households buy groceries online, and most of the near-term growth in online grocery spending will continue to come from this group of active online grocery shoppers.
Farid Mheir's insight:
WHY IT MATTERS: online grocery retail is the last industry to digitize and these figures seems to indicate that it is entering the world of "Real" business opportunity - after 25 years of hype!
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Now there’s Robomart, which wants to bring the groceries, baked goods and prepared foods of the supermarket aisle to your doorstep with a white-labeled service for wholesalers and big box retailers.
Farid Mheir's insight:
WHY IT MATTERS: retailers beware. Or maybe not. I've seen trucks come to parking lots of warehouses where I worked summer jobs for years - they also cover garage and other locations where there are workers but no time or no convenience store close by. This robomart may replace those and expand to convenience store after...Â
Justin Lahullier's curator insight,
December 11, 2018 7:53 AM
Disruption is right around the corner for traditional business models!
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The future of food retail is to be found in China. Following Alibaba, major competitor JD.com has also opened its technologically advanced supermarket: 7Fresh uses eCommerce technology and aims to open 1,000 stores.
Farid Mheir's insight:
WHY IT MATTERS: expect to see more robots in supermarkets in the near future - especially if you are in China 7fresh new high-tech supermarket. See a short description of the store here.
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Amazon spent $21.7 billion on shipping in 2017.
Farid Mheir's insight:
WHY IT MATTERS: Amazon spends 14.2% of its net sales to fulfill orders and 12.2% to deliver them to consumers. Thus a quarter of the costs of products sold is allocated to logistical costs and this is the biggest hurdle to eCommerce wide adoption. Amazon and other pure plays have a number of key advantages over established brick-n-mortar retailers (no retail store costs, no store employees, etc.) but they have to battle with order preparation and delivery which traditional retailers delegate to their customers as they push their carts in the store aisle. In that context, recent announcement of Sobeys to leverage Ocado's automated warehouse technology or recent Amazon announcement to create a parcel delivery solution that competes with FedEx and UPS makes sense. Any retailer thinking of scaling its eCommerce operation should thus make sure that its business model is viable regarding fulfillment and shipping - all other elements of eCommerce are not an issue. - Amazon SWA service: http://fmcs.digital/blog/amazon-package-delivery-service-to-compete-with-fedex-and-ups-swa-ecommerce-disruption-retailapocalypse/ - Sobeys Ocado partnership: http://fmcs.digital/blog/u-k-s-ocado-taps-into-canadas-online-grocery-market-with-sobeys-tie-up-is-canada-mature-enough-to-have-automated-grocery-fulfillment-centers-ecommerce-robots/ - Ocado's technology: http://fmcs.digital/blog/video-shows-ocado-warehouse-technology-that-sobeys-has-acquired-to-prepare-grocery-orders-is-based-on-an-army-of-small-robots-working-on-3d-hive/
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The startups in this infographic have raised nearly $1.5B to optimize grocery store operations with AI, virtual reality and more.
Farid Mheir's insight:
WHY THIS IS IMPORTANT Grocery is the last frontier for digital disruption, everyone knows (huge market but late adopter of digital, especially eCommerce see http://sco.lt/8ai7W5 http://sco.lt/6q1Ijx http://sco.lt/8Y94vh ). But no one knows when exactly they'll get disrupted. Many are betting on eCommerce but from the looks of this report, we may see a lot of changes in our weekly trip to the supermarket, from shelf monitoring to augmented reality. Then again, grocers are pre-historic in their use of technology because of low margins and a very repetitive shopping experience. We mostly always buy the same products and are looking at our store "experience" to be fast with low prices, not so much fun and experiential (see Amazon GO http://sco.lt/8MTY8X where there is no cash register to slow you down still needs to be cheap http://sco.lt/80HuqX). So my bets are on the startups that enable faster grocery shopping at a low cost- all others I expect will have a hard time (sorry AR and VR startups...)!
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Ecommerce continues to make gains among consumers, with more people buying products online than ever before. Indeed, eMarketer recently predicted that worldwide ecommerce sales would total $1.915 trillion in 2016, with $423.34 billion of that coming from North America. And the company forecast double-digit retail ecommerce growth through 2020.
Farid Mheir's insight:
You have to wonder if 2017 will really be the year for online grocery shopping to take off... I've been saying it since 1996, and one year I will be right! ;-)
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Curated by Farid Mheir
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WHY IT MATTERS:Â the scores and the ranking is not important. This list is meaningful because it shows just how broad and deep the automation has become in retail stores. Expect to see a lot of those in your local shopping destination.