It’s been a year given that Amazon obtained Whole Foods for $13.4 B and set the grocery world ablaze, leaving every traditional retailer questioning how they would build anew.But, as the dust settles, it ends up Amazon’s Scrooge McDuck-dive into groceries has kickstarted the grocery e-commerce world, requiring brick-and-mortar retailers to create online partnerships with up-and-coming startups.Meanwhile, The New York Times reports that Amazon’sown grocery service, AmazonFresh, has actually ironically had a hard time to pick up speed. Giants helping(future)giants Food shopping is one of the
final holdouts in significant online retail, and the
industry’s significant players– big and small– owe Amazon (and the panic they triggered) a thank you card. Like Ocado, an online grocery company, who recently pressed its stock market value to$ 6.8 B after it
inked a partnership with Kroger for its robotic labor services in satisfaction centers. Or Parcel, the same-day delivery startup Walmart obtained last October. And who might forget Alert Development, a little company
that Walmart partnered with to use automatic cars for pickup and transportation of shop orders.Then there’s Boxed … NYT reports that it took the CEO of Boxed, Chieh Huang, years to get grocery industry executives thrilled about the grocery e-commerce business’s autonomous storage facility technology.But, all that changed after the
Whole Foods acquisition: On Tuesday, Boxed revealed it had offered a minority stake to Aeon Group, among the largest retail chains in Japan, valuing the start-up at $600m.
Whole Foods was a wake-up call to traditional sellers International food selling is a$5T service and, while just 3 %of the world’s grocery spending happened online in 2015, online grocery sales are expected to fold the next 4,to reach an estimated $334B by 2022. Discuss a Grocery Store Sweep …