The UK grocery industry has one of the most progressive and forward-thinking supply chains in the world and is planning for change, according to David Gordon, director of industry development at the IGD.
Opening the IGD Supply Chain Summit 2010, Gordon said the sector had been resilient in recession and had led on sustainability, for example.
Gordon said the IGD was starting to get a better read on the grocery market and the sector was predicted to be worth £185bn in four years time with 4% growth per annum through to 2015.
“There will be continued pressure on fuel prices and disposable income will come under greater scrutiny,” he said.
Likely interest rate rises will keep value for money at the front of shoppers’ thoughts, he said.
Multi-format and multi-channel retailing is here to stay, he added, and online would be a key sector to watch.
“In the words of Kate Middleton, the next few years may seem a bit daunting,” said Gordon, but there was reason for some optimism, as highlighted in the three Summit themes: Delivering Right Here, Right Now; Preparing for Tomorrow and The Shape of Things to Come.