Bringoz Industry Weekly 4/28

rocery eCommerce sales are predicted to increase at a compound annual growth rate of 4.5% over the next five years, more than three times faster than in-store grocery sales. Serve Robotics raises $40 million for sidewalk delivery robot expansion. Consumers value businesses that use sustainable shipping methods. Read about these stories and more in our weekly industry news roundup.

Grocery eCommerce sales are predicted to increase at a compound annual growth rate of 4.5% over the next five years, more than three times faster than the 1.3% rate forecasted for in-store grocery sales, Brick Meets Click reported in its latest report. Total grocery eCommerce sales are projected to reach nearly $120 billion annually by the end of 2028, accounting for 12.7% of total grocery sales in the U.S., the report found. Read more.

Serve Robotics Inc., which provides autonomous sidewalk delivery robots, has raised $40 million through a stock sale. Serve plans to use the proceeds from the offering to fund research and development of the next generations of its robots, manufacturing activities, geographic expansion, and for working capital and other general corporate purposes. The firm says its low-emissions sidewalk delivery robots have completed tens of thousands of deliveries. Read more.

According to a new report by Radial, just over half (51%) of consumers surveyed would be willing to pay more for products shipped through sustainable methods. This is a large increase from just 15% of consumers who said the same in December 2023. Radial also found that 77% of consumers said they would be willing to wait longer for packages shipped via sustainable shipping method. Read more.

Technology plays a pivotal role in shaping the way businesses operate, engage with customers, and drive growth. From immersive retail experiences to faster deliveries, innovations in retail technology are revolutionizing the industry, reshaping consumer experiences, and opening new avenues for engagement and service. Here’s a look at five technologies retailers are leveraging to stay ahead of the curve and meet the evolving needs of their customers. Read more.

In today’s competitive retail environment, personalization is a key differentiator that can drive loyalty, increase sales, and improve customer satisfaction. Modern consumers expect a shopping experience tailored specifically to their preferences, habits, and needs. Here’s how retailers can leverage personalization to create unique and memorable shopping experiences for every consumer. Read more.

The grocery industry is in a constant state of evolution, influenced by evolving consumer shopping habits, inflation, and technological innovations. Staying informed about the industry is crucial for making informed business decisions, attracting and retaining customers, and driving business growth. Here’s a look at four grocery trends expected to shape the industry in 2024 and beyond. Read more.

Last-mile delivery is a critical part of the delivery process. However, it is also one of the most environmentally damaging aspects of the supply chain, due to the high volume of fossil fuels consumed by delivery vehicles. As the eCommerce industry continues to grow, so does the need for last-mile delivery solutions. Here are some ways that companies can make their last-mile delivery solutions more sustainable. Read more.