Global News and Digital Insights
for the Consumer Goods Industry

Americas

Hims & Hers launched its anti-aging and acne skin care products

Hims & Hers, a customized wellness and telehealth brand, has launched Hims Overnight Anti-Ageing Duo and a customized Hers Clear Skin System. The Overnight Anti-Ageing Duo features a custom prescription anti-ageing cream that is made of three clinical ingredients. The brand has also debuted a non-prescription anti-wrinkle cream that contains hyaluronic acid. For Hers’ clear skin system, consumers can get a prescription cream that is customizable and is made of pure clinical ingredients to target acne breakouts. Read more from Retaildive

Knix, a DTC company, plans to open its first brick-and-mortar stores in the US

DTC intimate clothing brand, Knix, is all set to open its first store in the US. The organization’s first outlet will open in Santa Monica, California, with San Francisco and San Diego stores set to follow later this fall. California was selected for the brand’s initial three stores in the country in light of the fact that Knix’s online business is more in demand there. The brand’s actual methodology is to open stores in “high penetration geographies” that supplement advancement. Knix will begin with an accentuation on the West Coast before extending across the U.S. Read more from Retaildive

Hims and Hers collaborated with The Vitamin Shoppe to offer health care products

Hims and Hers is expanding its DTC strategies by offering its hair care products. For this purpose, the brand has collaborated with The Vitamin Shoppe and plans to sell the products through The Vitamin Shoppe’s website and 280 physical stores. Initially, this partnership will offer selected hair care items, but the brand has left space for “potential expansion” to feature other categories in the near future. Read more from Retaildive

Torrid, a plus-sized DTC brand plans to debut 25 stores yearly

With sound deals and profit, a plus-sized clothing company, Torrid, has brawled its first quarterly report as a public organization. Second-quarter net deals rose 34% year over year and 29% from 2019 to $332.9 million. The 45% of the retailer’s gross profit margin was up from 32.1% last year and 39.8% in 2019. Net income increased by 131% year over year and 160% from 2019 to $38.8 million. The retailer currently runs over 600 stores and plans to add around 25 stores yearly, apart from malls. Read more from Retaildive

Geodis is offering e-commerce fulfillment service for DTC brands in the US

Geodis is initiating a service to provide e-commerce fulfillment solutions for DTC brands in the US. Geodis has teamed up with numerous companies offering logistic solutions to the new and emerging retailers. Due to this service, brands would be able to store their inventory and fulfill their orders from four Geodis eLogictics fulfillment hubs. These four locations would provide two-day delivery with “standard shipping services” to 91% of the continental US. The hub of Plainfield, Indiana, is open. Two centers in California and New Jersey are ready to serve this year. While, the last hub in Tennessee will be opened by 2022. Read more from Retaildive

Consumers lost interest in product subscriptions offered by DTC brands

Attest, a consumer research platform, claims that currently, only 41% of Americans have an active product subscription. While only 18% of consumers have multiple subscriptions. Consumers have lost interest in once-novel business model which includes DTC brands like Hello Fresh, Blue Apron, Stitch Fix, as only 14% are actively shopping for a product subscription. There still lies an opportunity for brands in this field if they bring innovation and creativity because 65% of American consumers are still ready to buy a product subscription. Besides this, the research found out that the technique of “unboxing” has also lost its worth as most (54%) of consumers want to see the product they are getting, while 25% prioritize brands having purpose and ethos.

McCormick & Company enjoys a boost of 8% in the third quarter sales of 2021

McCormick & Company, a spice manufacturer, has seen a boost in its financial earnings for the third quarter of 2021. Due to the rise of at-home cooking, the brand enjoyed an 8% or $119 million raise in sales. The operating income of the brand reached $265 million, while the adjusted operating income made up to $272 million. The company’s adjusted earnings have risen by 5% per share and expects a growth of 12% to 13% in year-over-year sales. In the future, the brand plans to continue capitalizing on the shift to at-home eating and utilize digital engagement for potential growth.

Gen Z is all set to shop for the holiday season via non-conventional channels

Brightpearl, a retail operating system for brands, claims that 68% of Gen Z consumers plan to utilize non-conventional channels to shop for Black Friday and Christmas. Gen Z is looking forward to shop through five “alternatives” that are Facebook, WhatsApp, YouTube, retailer’s mobile app, and Instagram. As far as payment methods are concerned, 58% of consumers plan to use PayPal, 51% will be using Credit Cards, while 47% would pay via Debit Cards. Other popular payment alternatives include Amazon Pay, Apple Pay, Google Pay, and Klarna.

Amazon logistics delivers more parcels than FedEx: Pitney Bowes

Pitney Bowes, a Parcel Shipping Index firm, reveals that 21% of US parcels are shipped through Amazon Logistics. This rapid growth has placed it ahead of FedEx, whereas UPS still has the lead over Amazon Logistics. Income and volume for all major logistic companies flooded in 2020 because of the COVID-19 pandemic driving more interest for online shipments. However, Amazon Logistics’ development in the two categories has dominated FedEx, UPS, and the Postal Service.

Belk rolled out an exclusive womenswear brand, Wonderly

Belk rolled out an exclusive womenswear brand named Wonderly. The new brand replaces the organization’s other exclusive brand, New Directions. The clothing collection includes tops, bottoms, and dresses in sizes 4 to 26 and selected petite styles in sizes 4 to 16. The entire collection will be accessible at more than 100 Belk stores and on the retailer’s site. The Wonderly denim collection is the biggest private label denim line for the retailer. The collection also includes an athleisure assortment named Wonderly Studio.

A strategic marketing framework is the key to success for CPG companies

To promote growth and expansion, 80% of CPG companies are adapting an efficient marketing framework. At the scale level, a data-driven marketing strategy can help companies achieve that growth. Companies would be able to see a boost of 3% to 5% in their net sales, while the marketing efficiency would improve by 10 to 12%. To establish an effective marketing framework, companies need to feature an AI engine and a 360° view of consumers’ demands. Plus, fit-for-purpose marketing technology is required that conveys the relevant message to the right consumer, at the right time. Besides this, to develop innovational ways of working, companies can prioritize these three actions 1, Establish an infrastructure that measures and scales tests. 2, Promote innovation, and 3, Make test-learn-scale the new business-as-usual.

Lesson on establishing a fast-paced e-commerce business

After the COVID-19 pandemic, China has seen 15% to 20% increase in online shopping, while ecommerce in Italy has increased 81%. A retailer who plans to debut an e-commerce business can establish it quickly if one considers these three steps 1, Be pragmatic; instead of offering a full-blown collection across all digital markets, a company should offer limited collections targeting limited geographical areas. 2, Assign ownership to teams, not tasks; management should create four teams including, The tech-design team, The operation team, The product-assortment team, and The marketing team. Afterward, management should give the responsibility to the respective teams to solve and address the issues. 3, Learn and adapt; a company should employ performance indicators that allow to observe, learn and adopt the right strategies.

Whole Foods Market predicted ten food trends of 2022

As per the seventh Annual Trends Report of Whole Foods Markets, these food shifts would be trending in 2022 1, Manufacturers would explore ultra-urban farming techniques to grow hyper-local crops. 2, Chefs would utilize the lemon grapefruit flavor of You Do Yuzu, a citrus fruit, to elevate their soups, noodles, and fish. 3, Plant-based eaters are trying reducetarianism, which means they won’t cut out meat and dairy products completely but reduce their consumption. 4, Manufacturers would utilize Hibiscus to produce innovative fruit spreads and yogurts. 5, A new lineup of drinks would be launched, providing the taste of spirits without the buzz. 6, Grains would be grown via ethical sourcing. 7, Sunflower-based snacks would be launched including crackers and ice creams. 8, The powdered form of Moringa Leaves would be added in smoothies, sauces, and frozen desserts. 9, Sparkling drinks with probiotics, prebiotics, and botanicals would be launched. 10, Cereals and plant-based ice cream sandwiches would have turmeric as main ingredient.

PepsiCo introduces compostable bags for its brand, Off The Eaten Path

PepsiCo’s Frito-Lay branch is launching compostable packaging bags for its brand named Off The Eaten Path. The compostable bags that have made it to the shelves of Whole Food Markets and retailers this month are ethically sourced. Frito-Lay claimed that the new bags will assist the organization to accomplish its objective of manufacturing 100% recyclable, compostable, or biodegradable packaging bags across its portfolio by 2025. This is the latest type of packaging introduced by the Food and Beverage industry to reduce waste.

Calyxt teams up to develop a soya bean-based commercial alternative to palm oil

Calyxt, a plant-based biotechnology company, has joined hands with an unnamed Asian Manufacturer to introduce a soya bean-based commercial alternative to palm oil. This partnership would help Calyxt generate approximately $35 million for the company. Palm oil has been questioned for sustainability reasons as its extraction results in deforestation, climate change, habitat degradation, and animal cruelty. Although big names like Nestle, General Mills, and Unilever are committed to bringing sustainable changes in the food industry, the issues surrounding palm oil remained unaddressed.

Conagra Brands increased prices to fight higher inflation, while expects to raise full-year sales

Packaged food companies are struggling with higher inflation rates as the US economy is recovering. Companies are spending excessively on logistics to overcome the pandemic-led supply chain disruptions. Conagra Brands Inc. has again increased the prices of frozen meals and snacks because the cost of ingredients is rising, including grains, edible oil, and proteins. Thus, the prices of staple meals went up by 3.3% and frozen meals by 3.5%. Nonetheless, the risen prices have not dissuaded the consumers. Instead, the company expects an uptick of 1% in full-year sales.

Peloton introduced its clothing brand named Peloton Apparel

A DTC and at-home fitness company, Peloton, has launched its private clothing brand named Peloton Apparel. Peloton Apparel will have a signature style of dresses that rehash from one season to another. However, they will come with new colour combinations and designs. The 2021 Fall collection includes clothing for men, women, and the neutral gender, ranging from $15 to $118. Shoppers can purchase the collection from Peloton’s online stores along with selected retail outlets. They can also place orders using the brand’s official Facebook and Instagram accounts.

Mastercard plans to launch its “buy now-pay later service” in the coming year

One of the biggest names in credit cards, Mastercard, is planning to launch its buy now-pay later service. This service would allow consumers to buy a product and then pay online or in-stores in four installments with no interest fees. The company plans to launch this service in the coming year and has teamed up with big names in payment industry like Payment Processor FIS, Card Issuer Synchrony, Banking Behemoth Barclays and Modern Card Company Marqeta. Initially, the company plans to launch the service for consumers in Australia, US and UK. Later on this service would entertain global consumers of Mastercard.

GoPuff is launching its first omnichannel store in San Francisco

GoPuff is intending to open an omnichannel store in San Francisco. The new retail store is furnished with computerized booths that would manage the online orders, as indicated by an application the organization documented with the city. In-store customers will utilize computerized terminals to order drinks, frozen yogurt, diapers, and other products. Later employees would pick those orders from the goods warehouse and bring them to the customers.

Eva Longoria positively self-talked with her first-grade self for L’Oréal’s ad

Eva Longoria, who is the current spokesperson of L’Oréal beauty brand, went to the more personal level and promoted “lessons of worth” campaign to support the brand’s slogan. Longoria filmed a minimalist video with a dark black background. She talked about racism and colour differences referring to her Hispanic heritage. She elaborates in the video how she would self-talk with her first-grade self while entering the bus of new school. She says “you’re worth it” because “nobody else looks like me…I had dark skin, dark hair, dark eyes”, which implies that regardless of the skin colour, you are beautiful.

Deloitte predicts that Christmas season sales are expected to increase in 2021

Deloitte, a famous Financial Consultancy, anticipates that the Christmas season sales for 2021 would increase between 7% to 9%, as consumers are more comfortable to step out and shop due to vaccination. As compared to 2020, Christmas sales would increase 11% to 15% this year, reaching $210 billion to $218 billion. Retailers and brands, therefore, should prepare to fulfil the expected demand of consumers.

US imports are expected to boost by 20% before the end of 2021

As per the 2021 Global Imports Report from Jungle Scout, US import percentage is expected to rise up to 20% by the end of 2021. The regions and industries contributing to this rise are limited, as only 10 countries account for 72% of US imports. China is the top ranked country until now that has added most to the import percentage, while India accounts for growth of 76.1% and Vietnam 52.4%. The industries that played a vital role in raising US imports are Machinery and Electrical 20.3%, Miscellaneous 14.5% and Textiles 10.2%.

Ethical sourcing is influencing the shopping patterns of global consumers

Open Text, a global research firm, claims that ethical sourcing is shaping the behaviours of consumers and influencing their shopping patterns. Globally 88% of consumers prioritize buying products from companies that have ethical sourcing strategies, while 58% of Japanese, 71% of Canadian, and 72% of US consumers think likewise. Moreover, 83% of global consumers are ready to pay more for a product, if they are ensured that it is ethically sourced. Top-ranked countries where consumers are willing to pay a premium amount are Brazil 87%, India 94%, and Singapore 87%.

FedEx teams up with Aurora Innovation to launch its first self-driving trucks

FedEx has teamed up with Aurora Innovation Inc. to move it’s Texas’ cargos using newly launched technology of self-driving trucks. These trucks would be able to carry multiple loads in a week between Dallas and Houston featuring a safety driver behind the wheels and a co-pilot in the passenger’s seat. These vehicles would consequently help FedEx to keep up with the severe driver shortage and cut costs. Besides, by the end of 2023, Aurora plans to launch autonomous commercial trucks and robotaxis that won’t need safety drivers or co-pilot.

DHL Express has launched its largest Canadian-based gateway facility

DHL Express has launched its largest gateway facility named, The DHL Express Hamilton International Gateway, at John C. Munro Hamilton International Airport. The company invested $100 million into this Canadian-based facility, which is four times larger than DHL Express’ already existing facility at Hamilton International Airport. The facility features a 100% automated system that can process 28,000 packages in an hour. Plus, it offers two flights per day to connect Canada with an international network through Cincinnati.

Four expected future problems of supply chain industry along with their solutions

The four disruptions in the supply chain industry that hinder the growth rate are listed hereby. 1, Fragmented systems; a single logistics company runs various software programs to manage inventory. Instead, there should be a single framework that monitors the whole shipment procedure. 2, Rising shipping costs; companies spent $20 on logistics for every $100 parcel. To control these prices, companies should raise their volumes to expect greater discounts from carriers and bring their products in closer proximity to their end customers. 3, Inventory management challenges; 35% of US-based warehouses don’t use warehouse management software, so they need to have a minimum of three fulfillment centers. 4, Threats by tech giants; companies need to feature autonomous alternatives for tech giants to excel in e-commerce and offer prompt delivery.

Etsy integrated its first virtual shopping house, The Etsy House

Etsy has expanded its augmented reality services and roll out The Etsy House. Etsy house provides consumers with an opportunity to experience the first interactive virtual shopping house, furnished with products like gifts, Etsy Design Award-Winning Items, furniture, and art pieces. The Etsy House offers consumers true-to-scale renderings and a 360-degree view of the house. In case consumers like an item from the house, they can purchase it using the online link. The digitally creative Etsy House is established in partnership with The Boundary, which is a creative visualization studio.

TikTok partnered with Square to boost its e-commerce capabilities

TikTok has partnered with Square, a digital payment firm, to increase sales and help sellers find new consumers. With the help of this partnership, sellers can attract consumers to their stores via TikTok ads, videos, and integrated shopping units on consumer’s profiles. TikTok Ads Manager allows sellers to run their ads. Additionally, consumers can buy the products directly from the video through online links, which would boost seller’s sales.

Perfect Corp. launched its augmented reality YouCam tutorials to teach consumers makeup application methods

In the present era, beauty brands test cosmetics using virtual technology. Therefore, Perfect Corp. has launched its YouCam tutorials that help brands create interactive beauty sessions with audience. These tutorials help consumers learn the techniques involved in the application of makeup. YouCam tutorials utilize AI, interactive text, and augmented reality visuals portrayed on clients’ faces to educate them. Besides this, the tutorials involve e-commerce capabilities through which consumers can buy the products used in the tutorial with one click. This new tool was debuted by Perfect Corp. in partnership with The Nolcha Show during New York Fashion Week from 12 to 14 September.

Consumers want bottled water to address their environmental and health concerns

In the ongoing times, consumers are mindful of environmental and health concerns. This is why The Alkaline Water CO., claims that consumers nowadays are looking for hydration, low cholesterol, cognitive support, immunity, energy, and sleep in their functional beverages. Besides this, the ingredients that consumers explore are vitamin C and D, calcium, vitamin B12, turmeric, zinc, and probiotics. ShineWater, another famous name in the bottled water industry, is trying to cope with the deficiency of vitamin D in the majority of the US adult population.

Hims & Hers launched its anti-aging and acne skin care products

Hims & Hers, a customized wellness and telehealth brand, has launched Hims Overnight Anti-Ageing Duo and a customized Hers Clear Skin System. The Overnight Anti-Ageing Duo features a custom prescription anti-ageing cream that is made of three clinical ingredients. The brand has also debuted a non-prescription anti-wrinkle cream that contains hyaluronic acid. For Hers’ clear skin system, consumers can get a prescription cream that is customizable and is made of pure clinical ingredients to target acne breakouts. Read more from Retaildive

Knix, a DTC company, plans to open its first brick-and-mortar stores in the US

DTC intimate clothing brand, Knix, is all set to open its first store in the US. The organization’s first outlet will open in Santa Monica, California, with San Francisco and San Diego stores set to follow later this fall. California was selected for the brand’s initial three stores in the country in light of the fact that Knix’s online business is more in demand there. The brand’s actual methodology is to open stores in “high penetration geographies” that supplement advancement. Knix will begin with an accentuation on the West Coast before extending across the U.S. Read more from Retaildive

Hims and Hers collaborated with The Vitamin Shoppe to offer health care products

Hims and Hers is expanding its DTC strategies by offering its hair care products. For this purpose, the brand has collaborated with The Vitamin Shoppe and plans to sell the products through The Vitamin Shoppe’s website and 280 physical stores. Initially, this partnership will offer selected hair care items, but the brand has left space for “potential expansion” to feature other categories in the near future. Read more from Retaildive

Torrid, a plus-sized DTC brand plans to debut 25 stores yearly

With sound deals and profit, a plus-sized clothing company, Torrid, has brawled its first quarterly report as a public organization. Second-quarter net deals rose 34% year over year and 29% from 2019 to $332.9 million. The 45% of the retailer’s gross profit margin was up from 32.1% last year and 39.8% in 2019. Net income increased by 131% year over year and 160% from 2019 to $38.8 million. The retailer currently runs over 600 stores and plans to add around 25 stores yearly, apart from malls. Read more from Retaildive

Geodis is offering e-commerce fulfillment service for DTC brands in the US

Geodis is initiating a service to provide e-commerce fulfillment solutions for DTC brands in the US. Geodis has teamed up with numerous companies offering logistic solutions to the new and emerging retailers. Due to this service, brands would be able to store their inventory and fulfill their orders from four Geodis eLogictics fulfillment hubs. These four locations would provide two-day delivery with “standard shipping services” to 91% of the continental US. The hub of Plainfield, Indiana, is open. Two centers in California and New Jersey are ready to serve this year. While, the last hub in Tennessee will be opened by 2022. Read more from Retaildive

Consumers lost interest in product subscriptions offered by DTC brands

Attest, a consumer research platform, claims that currently, only 41% of Americans have an active product subscription. While only 18% of consumers have multiple subscriptions. Consumers have lost interest in once-novel business model which includes DTC brands like Hello Fresh, Blue Apron, Stitch Fix, as only 14% are actively shopping for a product subscription. There still lies an opportunity for brands in this field if they bring innovation and creativity because 65% of American consumers are still ready to buy a product subscription. Besides this, the research found out that the technique of “unboxing” has also lost its worth as most (54%) of consumers want to see the product they are getting, while 25% prioritize brands having purpose and ethos.

McCormick & Company enjoys a boost of 8% in the third quarter sales of 2021

McCormick & Company, a spice manufacturer, has seen a boost in its financial earnings for the third quarter of 2021. Due to the rise of at-home cooking, the brand enjoyed an 8% or $119 million raise in sales. The operating income of the brand reached $265 million, while the adjusted operating income made up to $272 million. The company’s adjusted earnings have risen by 5% per share and expects a growth of 12% to 13% in year-over-year sales. In the future, the brand plans to continue capitalizing on the shift to at-home eating and utilize digital engagement for potential growth.

Gen Z is all set to shop for the holiday season via non-conventional channels

Brightpearl, a retail operating system for brands, claims that 68% of Gen Z consumers plan to utilize non-conventional channels to shop for Black Friday and Christmas. Gen Z is looking forward to shop through five “alternatives” that are Facebook, WhatsApp, YouTube, retailer’s mobile app, and Instagram. As far as payment methods are concerned, 58% of consumers plan to use PayPal, 51% will be using Credit Cards, while 47% would pay via Debit Cards. Other popular payment alternatives include Amazon Pay, Apple Pay, Google Pay, and Klarna.

Amazon logistics delivers more parcels than FedEx: Pitney Bowes

Pitney Bowes, a Parcel Shipping Index firm, reveals that 21% of US parcels are shipped through Amazon Logistics. This rapid growth has placed it ahead of FedEx, whereas UPS still has the lead over Amazon Logistics. Income and volume for all major logistic companies flooded in 2020 because of the COVID-19 pandemic driving more interest for online shipments. However, Amazon Logistics’ development in the two categories has dominated FedEx, UPS, and the Postal Service.

Belk rolled out an exclusive womenswear brand, Wonderly

Belk rolled out an exclusive womenswear brand named Wonderly. The new brand replaces the organization’s other exclusive brand, New Directions. The clothing collection includes tops, bottoms, and dresses in sizes 4 to 26 and selected petite styles in sizes 4 to 16. The entire collection will be accessible at more than 100 Belk stores and on the retailer’s site. The Wonderly denim collection is the biggest private label denim line for the retailer. The collection also includes an athleisure assortment named Wonderly Studio.

A strategic marketing framework is the key to success for CPG companies

To promote growth and expansion, 80% of CPG companies are adapting an efficient marketing framework. At the scale level, a data-driven marketing strategy can help companies achieve that growth. Companies would be able to see a boost of 3% to 5% in their net sales, while the marketing efficiency would improve by 10 to 12%. To establish an effective marketing framework, companies need to feature an AI engine and a 360° view of consumers’ demands. Plus, fit-for-purpose marketing technology is required that conveys the relevant message to the right consumer, at the right time. Besides this, to develop innovational ways of working, companies can prioritize these three actions 1, Establish an infrastructure that measures and scales tests. 2, Promote innovation, and 3, Make test-learn-scale the new business-as-usual.

Lesson on establishing a fast-paced e-commerce business

After the COVID-19 pandemic, China has seen 15% to 20% increase in online shopping, while ecommerce in Italy has increased 81%. A retailer who plans to debut an e-commerce business can establish it quickly if one considers these three steps 1, Be pragmatic; instead of offering a full-blown collection across all digital markets, a company should offer limited collections targeting limited geographical areas. 2, Assign ownership to teams, not tasks; management should create four teams including, The tech-design team, The operation team, The product-assortment team, and The marketing team. Afterward, management should give the responsibility to the respective teams to solve and address the issues. 3, Learn and adapt; a company should employ performance indicators that allow to observe, learn and adopt the right strategies.

Whole Foods Market predicted ten food trends of 2022

As per the seventh Annual Trends Report of Whole Foods Markets, these food shifts would be trending in 2022 1, Manufacturers would explore ultra-urban farming techniques to grow hyper-local crops. 2, Chefs would utilize the lemon grapefruit flavor of You Do Yuzu, a citrus fruit, to elevate their soups, noodles, and fish. 3, Plant-based eaters are trying reducetarianism, which means they won’t cut out meat and dairy products completely but reduce their consumption. 4, Manufacturers would utilize Hibiscus to produce innovative fruit spreads and yogurts. 5, A new lineup of drinks would be launched, providing the taste of spirits without the buzz. 6, Grains would be grown via ethical sourcing. 7, Sunflower-based snacks would be launched including crackers and ice creams. 8, The powdered form of Moringa Leaves would be added in smoothies, sauces, and frozen desserts. 9, Sparkling drinks with probiotics, prebiotics, and botanicals would be launched. 10, Cereals and plant-based ice cream sandwiches would have turmeric as main ingredient.

PepsiCo introduces compostable bags for its brand, Off The Eaten Path

PepsiCo’s Frito-Lay branch is launching compostable packaging bags for its brand named Off The Eaten Path. The compostable bags that have made it to the shelves of Whole Food Markets and retailers this month are ethically sourced. Frito-Lay claimed that the new bags will assist the organization to accomplish its objective of manufacturing 100% recyclable, compostable, or biodegradable packaging bags across its portfolio by 2025. This is the latest type of packaging introduced by the Food and Beverage industry to reduce waste.

Calyxt teams up to develop a soya bean-based commercial alternative to palm oil

Calyxt, a plant-based biotechnology company, has joined hands with an unnamed Asian Manufacturer to introduce a soya bean-based commercial alternative to palm oil. This partnership would help Calyxt generate approximately $35 million for the company. Palm oil has been questioned for sustainability reasons as its extraction results in deforestation, climate change, habitat degradation, and animal cruelty. Although big names like Nestle, General Mills, and Unilever are committed to bringing sustainable changes in the food industry, the issues surrounding palm oil remained unaddressed.

Conagra Brands increased prices to fight higher inflation, while expects to raise full-year sales

Packaged food companies are struggling with higher inflation rates as the US economy is recovering. Companies are spending excessively on logistics to overcome the pandemic-led supply chain disruptions. Conagra Brands Inc. has again increased the prices of frozen meals and snacks because the cost of ingredients is rising, including grains, edible oil, and proteins. Thus, the prices of staple meals went up by 3.3% and frozen meals by 3.5%. Nonetheless, the risen prices have not dissuaded the consumers. Instead, the company expects an uptick of 1% in full-year sales.

Peloton introduced its clothing brand named Peloton Apparel

A DTC and at-home fitness company, Peloton, has launched its private clothing brand named Peloton Apparel. Peloton Apparel will have a signature style of dresses that rehash from one season to another. However, they will come with new colour combinations and designs. The 2021 Fall collection includes clothing for men, women, and the neutral gender, ranging from $15 to $118. Shoppers can purchase the collection from Peloton’s online stores along with selected retail outlets. They can also place orders using the brand’s official Facebook and Instagram accounts.

Mastercard plans to launch its “buy now-pay later service” in the coming year

One of the biggest names in credit cards, Mastercard, is planning to launch its buy now-pay later service. This service would allow consumers to buy a product and then pay online or in-stores in four installments with no interest fees. The company plans to launch this service in the coming year and has teamed up with big names in payment industry like Payment Processor FIS, Card Issuer Synchrony, Banking Behemoth Barclays and Modern Card Company Marqeta. Initially, the company plans to launch the service for consumers in Australia, US and UK. Later on this service would entertain global consumers of Mastercard.

GoPuff is launching its first omnichannel store in San Francisco

GoPuff is intending to open an omnichannel store in San Francisco. The new retail store is furnished with computerized booths that would manage the online orders, as indicated by an application the organization documented with the city. In-store customers will utilize computerized terminals to order drinks, frozen yogurt, diapers, and other products. Later employees would pick those orders from the goods warehouse and bring them to the customers.

Eva Longoria positively self-talked with her first-grade self for L’Oréal’s ad

Eva Longoria, who is the current spokesperson of L’Oréal beauty brand, went to the more personal level and promoted “lessons of worth” campaign to support the brand’s slogan. Longoria filmed a minimalist video with a dark black background. She talked about racism and colour differences referring to her Hispanic heritage. She elaborates in the video how she would self-talk with her first-grade self while entering the bus of new school. She says “you’re worth it” because “nobody else looks like me…I had dark skin, dark hair, dark eyes”, which implies that regardless of the skin colour, you are beautiful.

Deloitte predicts that Christmas season sales are expected to increase in 2021

Deloitte, a famous Financial Consultancy, anticipates that the Christmas season sales for 2021 would increase between 7% to 9%, as consumers are more comfortable to step out and shop due to vaccination. As compared to 2020, Christmas sales would increase 11% to 15% this year, reaching $210 billion to $218 billion. Retailers and brands, therefore, should prepare to fulfil the expected demand of consumers.

US imports are expected to boost by 20% before the end of 2021

As per the 2021 Global Imports Report from Jungle Scout, US import percentage is expected to rise up to 20% by the end of 2021. The regions and industries contributing to this rise are limited, as only 10 countries account for 72% of US imports. China is the top ranked country until now that has added most to the import percentage, while India accounts for growth of 76.1% and Vietnam 52.4%. The industries that played a vital role in raising US imports are Machinery and Electrical 20.3%, Miscellaneous 14.5% and Textiles 10.2%.

Ethical sourcing is influencing the shopping patterns of global consumers

Open Text, a global research firm, claims that ethical sourcing is shaping the behaviours of consumers and influencing their shopping patterns. Globally 88% of consumers prioritize buying products from companies that have ethical sourcing strategies, while 58% of Japanese, 71% of Canadian, and 72% of US consumers think likewise. Moreover, 83% of global consumers are ready to pay more for a product, if they are ensured that it is ethically sourced. Top-ranked countries where consumers are willing to pay a premium amount are Brazil 87%, India 94%, and Singapore 87%.

FedEx teams up with Aurora Innovation to launch its first self-driving trucks

FedEx has teamed up with Aurora Innovation Inc. to move it’s Texas’ cargos using newly launched technology of self-driving trucks. These trucks would be able to carry multiple loads in a week between Dallas and Houston featuring a safety driver behind the wheels and a co-pilot in the passenger’s seat. These vehicles would consequently help FedEx to keep up with the severe driver shortage and cut costs. Besides, by the end of 2023, Aurora plans to launch autonomous commercial trucks and robotaxis that won’t need safety drivers or co-pilot.

DHL Express has launched its largest Canadian-based gateway facility

DHL Express has launched its largest gateway facility named, The DHL Express Hamilton International Gateway, at John C. Munro Hamilton International Airport. The company invested $100 million into this Canadian-based facility, which is four times larger than DHL Express’ already existing facility at Hamilton International Airport. The facility features a 100% automated system that can process 28,000 packages in an hour. Plus, it offers two flights per day to connect Canada with an international network through Cincinnati.

Four expected future problems of supply chain industry along with their solutions

The four disruptions in the supply chain industry that hinder the growth rate are listed hereby. 1, Fragmented systems; a single logistics company runs various software programs to manage inventory. Instead, there should be a single framework that monitors the whole shipment procedure. 2, Rising shipping costs; companies spent $20 on logistics for every $100 parcel. To control these prices, companies should raise their volumes to expect greater discounts from carriers and bring their products in closer proximity to their end customers. 3, Inventory management challenges; 35% of US-based warehouses don’t use warehouse management software, so they need to have a minimum of three fulfillment centers. 4, Threats by tech giants; companies need to feature autonomous alternatives for tech giants to excel in e-commerce and offer prompt delivery.

Etsy integrated its first virtual shopping house, The Etsy House

Etsy has expanded its augmented reality services and roll out The Etsy House. Etsy house provides consumers with an opportunity to experience the first interactive virtual shopping house, furnished with products like gifts, Etsy Design Award-Winning Items, furniture, and art pieces. The Etsy House offers consumers true-to-scale renderings and a 360-degree view of the house. In case consumers like an item from the house, they can purchase it using the online link. The digitally creative Etsy House is established in partnership with The Boundary, which is a creative visualization studio.

TikTok partnered with Square to boost its e-commerce capabilities

TikTok has partnered with Square, a digital payment firm, to increase sales and help sellers find new consumers. With the help of this partnership, sellers can attract consumers to their stores via TikTok ads, videos, and integrated shopping units on consumer’s profiles. TikTok Ads Manager allows sellers to run their ads. Additionally, consumers can buy the products directly from the video through online links, which would boost seller’s sales.

Perfect Corp. launched its augmented reality YouCam tutorials to teach consumers makeup application methods

In the present era, beauty brands test cosmetics using virtual technology. Therefore, Perfect Corp. has launched its YouCam tutorials that help brands create interactive beauty sessions with audience. These tutorials help consumers learn the techniques involved in the application of makeup. YouCam tutorials utilize AI, interactive text, and augmented reality visuals portrayed on clients’ faces to educate them. Besides this, the tutorials involve e-commerce capabilities through which consumers can buy the products used in the tutorial with one click. This new tool was debuted by Perfect Corp. in partnership with The Nolcha Show during New York Fashion Week from 12 to 14 September.

Consumers want bottled water to address their environmental and health concerns

In the ongoing times, consumers are mindful of environmental and health concerns. This is why The Alkaline Water CO., claims that consumers nowadays are looking for hydration, low cholesterol, cognitive support, immunity, energy, and sleep in their functional beverages. Besides this, the ingredients that consumers explore are vitamin C and D, calcium, vitamin B12, turmeric, zinc, and probiotics. ShineWater, another famous name in the bottled water industry, is trying to cope with the deficiency of vitamin D in the majority of the US adult population.