Food Retail Industry Analysis
Comprehensive paper on the competitive markets of the retail food industry in the U.S.
The writer presents a thorough overview of food retail industry, focusing on supermarkets. It includes quality figures and statistics. The paper begins with an introduction of dominant industry characteristics such as products, customers, geography, size and scope. It then analyzes the competitive environment both internal and external, while looking at the driving forces and market trends.
“The food retail industry has been around in a form similar to its current state since the early 1900’s. Piggly Wiggly was the first self-service store, opening in 1916, while the first supermarket, King Kullen Grocery Company, opened in New York in 1930. Since then the industry has undergone dramatic growth and continuous shuffling, but all with the same purpose: to bring us the food we eat. The food retail industry consists of the final link in the larger food industry value chain. Agricultural interests, transporters, wholesalers and distributors, and regulatory organizations are all considered stakeholders in the industry, but not direct actors. This analysis will focus on the current structure and trending existent in today’s food retailing industry, and where those factors will lead it.”