For years, Whole Foods CEO John Mackey was convinced that grocery stores and e-commerce didn’t mix. And I was more surprised than most when the news broke last week that he’s selling Whole Foods to Amazon for $13.7 billion.
Amazon, Trader Joe’s, and Wal-Mart are, at least experimenting with grocery delivery.
From an economic prospective, the grocery business is loaded with friction. Once a week or more, shoppers must drive to stores, traipse through aisles hunting for what they want, and stand in lines — a gigantic, continual waste of time, patience, and gasoline. Grocers, which stand between food producers and consumers, must maintain chains of stores dotted across a geographical region or across the country, and each store must be serviced by a complex logistical and transportation infrastructure. If any industry is ripe for disruption by online shopping, it should be the grocery business.
Amazon was not content with unveiling its Amazon Fire TV set-top box earlier this week, they casually dropped a new gadget into the tech realm Friday — the Amazon Dash. (Video)
Webvan, the online grocery start-up, may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001.
Customers shopping for meat.
High levels of bacteria in meat commonly found on grocery store shelves have been found by researchers. According to a study released on Friday, more than half of the bacteria is resistant to multiple types of antibiotics.
Just checked out with the grocery cart of the future? Here’s your digital receipt scoring the nutrient richness of your trip. Heading home for dinner? Your smart fridge has scanned all the food in your kitchen, compiled a menu of the healthiest meal combinations (tailored to your food preferences and allergies, of course) and has started preheating your oven.
Products bucking the recession
It’s not all doom and gloom in the U.S. economy. Some products are bucking the recession and flying off store shelves.
Sales of chocolate and running shoes are up. Wine drinkers haven’t stopped sipping; they just seem to be choosing cheaper vintages.
Gold coins are selling like hot cakes. So are gardening seeds. Tanning products are piling up in shopping carts; maybe more people are finding color in a bottle than from sun-worshipping on a faraway beach.
Is Self Check-Out Really Faster?
For an impatient geek there is nothing…NOTHING more annoying than standing behind someone in a grocery store that has the audacity to write a check in the 21st century. That is why I head for the self-checkout lines.
Pushing the limits of ag technology
All in one complex includes automated farming technologies, lab-grown meat, glowing bacteria, and sewage-to-electricity converters that will help vertical farming take off. (Pics)