Best Practices in Procurement for 2024

Procurement is essential in many aspects other than just cutting costs. Procurement teams are drivers of innovation and growth for retailers because they are meeting with suppliers and developing valuable relationships, says Marijn Overvest, Founder of Procurement Tactics.

In an interview with host Edgar Elzerman, Overvest explains the intricacies of strategic leadership in procurement and the benefits for both retailers and suppliers. AI and sustainability are at the forefront of procurement
trends this year.

The Changing Dynamics of European Retailing

Consumers remain cautious in their buying behaviour yet still demand product innovation. Retailers, in turn, are divided between declining margins and the pressure to increase investment. It is predicted that more will turn to Artificial Intelligence for help. Judith Kolenburg discusses the implications for private label and what to expect from grocery retailers in Europe.

In other news, NoLo drinks — alcohol-free and low-alcoholic beverages — are getting attention. Hans Kraak reports on this upward trend which aligns with consumers' shift towards healthier lifestyle choices. 

Executive Education programme accessible from wherever you are

PLMA is making its annual Executive Education programme available for everyone, wherever they are, by organizing it online this year. On the mornings of 28 and 29 February, there will be teaching sessions, panel discussions, interactive lectures on current topics that concern the private label industry.

The curriculum covers retail trends, product and packaging innovation, successful private label strategies in today’s challenging market, neuro marketing and best practices in the retailer-supplier relationship. 

Consumer Trends to Watch in 2024

Consumer behaviour trends will shape the retail market in 2024. These include health concerns linked to ageing, the demand for transparency in product sourcing and ingredients, and the use of new technologies to assist in food shopping, preparation and consumption, according to research companies Euromonitor and Mintel. Judith Kolenburg explores how retailers and manufacturers can respond.

Meanwhile, Pascal Kuipers outlines the major impact that Artificial Intelligence will have on the grocery industry and how retailers and suppliers can benefit from it.

Neuromarketing: How It Can Be Used to Grow Your Business