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FMI Study Finds Grocers Poised to Jumpstart Innovation with Supplier Partners
More than 80% of respondents to a recent FMI survey of industry executives for its report, The Power of Private Brands 2023: Innovation that Drives Winning Private Brands, said they plan to increase private brand investments moderately or significantly in the next two years, which helps set the stage for more innovation opportunities. The analysis suggests, at the same time, only 10% of the executives responding said their organizations are “very far along” with innovation, indicating opportunities for progress, even after considerable successes.
“After temporary pauses to some...