Good news! Our economy has red-hot consumers with money in their pocket and they are buying premium products.
In the grocery store business, it’s an all-out shootout between Walmart, Kroger, Safeway/Albertsons and many other key players. The super regionals, such as Publix, HEB, Meijer, Wegmans, Savemart and others, continue to thrive, as well. The restaurant industry also is very competitive, but demand is good. This new generation of consumers is very demanding, and product life cycle will be shorter, resulting in a need for innovation and research and development (R&D).