As we start the new year, many people often reflect on the past year. What went well, what do we need to do different.
Over the past number of months, consumers have experienced both feast and famine in their local grocery stores unlike before the pandemic. Although there are fewer completely empty shelves since the first days, many consumers are still finding that they cannot rely on stores to have their favorite products in stock when they need them most.
Countless headlines shouted about 2020 retail sales impacts, but how dramatic have those impacts been? What does a 30% increase in growth mean to business operations? Have things begun to stabilize or normalize? What are retailers and consumer products companies that supply those retailers doing to adjust? Based on US Census data and other industry sources, the charts below provide a visual representation of 2020 retail sales and information on what to expect going forward.
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