Globally traded food commodities rose to their highest level in 18 months in October, driven by adverse weather conditions and other challenges. The FAO Food Price Index, which tracks monthly changes in the international prices of these commodities, was up 2% from September and up...
Amazon’s latest move into the grocery sector, through a new partnership with Mexican grocery delivery startup Jüsto, signals its push to expand its food and essentials offerings. Amazon customers in Mexico can order fresh produce, meat and other groceries directly from Jüsto’s platform via the...
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation within Africa, according to a Wednesday (Nov. 6) news release emailed to PYMNTS. In doing...
Keurig Dr Pepper (KDP) and The Coca-Cola Company are adapting to changing consumer preferences. KDP’s acquisition of Ghost underscores its strategy to expand into high-growth segments, particularly energy drinks. During KDP’s third-quarter earnings call Thursday (Oct. 24), CEO Tim Cofer noted the importance of innovation...
November 08, 2024
Amazon’s latest move into the grocery sector, through a new partnership with Mexican grocery delivery startup Jüsto, signals its push to expand its food and essentials offerings. Amazon customers in Mexico can order fresh produce, meat and other groceries directly from Jüsto’s platform via the deal, a move that will help Amazon improve delivery speed […]
September 16, 2024
On Tuesday (Sept. 17), we’ll find out if the July surge in consumer spending — as measured via unadjusted retail sales — has amounted to a blip or a trend....
September 06, 2024
As Amazon looks to shrink Walmart’s lead in food, the eCommerce giant is expanding its presence in third-party grocery delivery. Consumers in the Seattle area can now order same-day grocery...
September 02, 2024
The reality is that inflation is cooling. But perception, as they say, is reality. As captured in a PYMNTS Intelligence report in August, the reality is that the current level...
November 12, 2024
Online grocery costs reportedly fell last month, their first dip since the COVID-19 pandemic. The cost of food declined by 0.1% in October compared to the same month in 2023, Bloomberg reported Tuesday (Nov. 12), citing data from Adobe based on roughly 1 trillion visits to retail sites and more than 100 million products. This […]
November 08, 2024
Globally traded food commodities rose to their highest level in 18 months in October, driven by adverse weather conditions and other challenges. The FAO Food Price Index, which tracks monthly...
November 06, 2024
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation...
October 18, 2024
Lidl reportedly relaunched its brand to stand out among other budget grocers. The company — whose rivals in the United States include fellow German supermarket chain Aldi — introduced a...
