Articles

IN30: Cashless Grocery

By CFIN Newsdesk posted 06-19-2023 08:00

  

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Sometimes, all it takes is 30 minutes to learn the ins and outs of new food technologies and trends that are transforming the food and beverage industry. In this series, we’ll dig into a food innovation topic and link you to content and resources so you can become a master on the topic in 30 minutes (or less!). 

 

This week, we’re looking at cashless grocery transactions. 

 

The Overview 

 

YODL Shop to the Future 

Grocers are blending convenience with smart technology to create a more seamless instore shopping experience that will keep customers coming back. 

 

Contactless is in and cash is out as savvy retailers give shoppers new ways to pay. 

 

This executive roundtable looks at consumer demands and changing access to food, with input from Ken Keelor, CEO of Calgary Co-op, and Arjan Stephens, president of Que Pasa Mexican Foods and executive vice-president of Nature’s Path Foods.  

 

The Canadian Connection 

 

Glenford Jameson discusses Health Canada and the CFIA’s consultation on the development of voluntary guidance for providing food information for foods sold to consumers for e-commerce.  

 

Whether you pay by debit, credit, mobile wallet or smartwatch, speed and convenience are driving the way Canadians are choosing to pay. 

 

Why are Canadians still so hesitant to purchase food products online, given that consumers are familiar with the technology and the majority of them have access to the Internet? 

 

Social Media 

 

@Instacart – (Twitter) Instacart is one of the world’s largest online grocery services. 

 

@googlepay – (Instagram) Google Pay is a mobile payment service, or mobile wallet, that allows consumers to make contactless payments for goods on an app, online and in person. 

 

@freshdirect – (Facebook) Another online grocery service, FreshDirect includes produce, prepared deli items and meal kits. 

 

Overtime 

 

If you’ve got more than 30 minutes, these are for you: 

 

 

 

 

#cashlessgrocery 

#foodtech 

#onlineordering 

#delivery 

#mobilepayment 

CFIN Members get exclusive access to funding opportunitiesfive Regional Innovation Directors, and YODL. Learn more about what it’s like to be a CFIN Member and how you can join our growing community of food professionals.