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Title: Unit 32: Food Retailing D1: Analyse how developments in the consumer market have impacted on a food retailer
Description: Business essay analysing how developments in the consumer market have impacted on a food retailer BTEC LEVEL 3 BUSINESS
Description: Business essay analysing how developments in the consumer market have impacted on a food retailer BTEC LEVEL 3 BUSINESS
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Unit 32: Food Retailing
D1: Analyse how developments in the consumer market have impacted on a food retailer
In this task, I will analyse different factors of retail and explain how this could lead to
developments in the retail sector, which may impact the long term future of retail
...
In order to improve their services, Tesco has made
changes to how they use technology and information in the stores, for the benefit of
the customers
...
They may also collect the information in order to link you to the
other services that Tesco offer such as Tesco Petrol, Bank, Insurance, etc in order to
maximise the potential expenditure of their customers
...
By using social media, Tesco can also monitor customer
trends, helping them to see what customers want
...
Finally, technology will help Tesco to run smoother in many different ways
...
As this
expands, Tesco will be able to streamline their finances, as the more they implement
technology like this, it means less people have to be at the tills, meaning les wages
have to be paid throughout the Tesco company, leading to a more profitable year, so
therefore this will only have a positive impact on the long-term future of Tesco
...
By making these changes, it ensure that Tesco PLC is
more aware of their standing in the environment, and these changes will have a
large impacts, due to the scale at which Tesco operate, so by making these
changes, as stated before it will benefit them in a PR sense, but their changes to
how they manage their energy, as well as their general operations, will make the
world more eco-friendly, and may prevent future climate change
...
Working with suppliers to measure carbon reductions and identify emissions
hot spots for industry action
...
Many of Tesco’s suppliers are also switching to renewable electricity, thereby
reducing emissions from our manufacturing supply chain
...
“F Plan” implemented across the Tesco Group, to make actions more efficient
(as follows):
Fuller pallets – maximising the amount of goods delivered per journey (less
fuel used, fewer emissions)
Fuller trailers – maximising the amount of goods delivered each journey
Fewer miles – reducing the number of miles we have to drive (fewer miles,
less fuel, less traffic, fewer emissions)
Fuel economy – increasing the distance we can drive for each litre of fuel
used
Home Delivery
Due to the convenience of the internet, home delivery is now the most convenient
form of shopping, and the general popularity of this feature has increased
...
The general stats relating to online grocery shopping are as follows; the average
value of weekly online sales in food stores stands at £141
...
5b and the channel share of online grocery retail stands
at 5
...
These figures show the levels of growth that home delivery has had, as this
has only been a feature for several years, due to increase of usage of h internet, and
the general dependency the population now has on the internet to find things
...
According to the
ChronicleLive, an Asda spokesperson said: "We know some customers are opting to
shop more online and have seen an increase in demand for home delivery”, as well
as, "Our online business is growing and we do have capacity to take on more orders
– however we would ask customers who can be flexible in their delivery slots to
consider less popular delivery times
...
References:
https://tekboost
...
tescoplc
...
tescoplc
...
statista
Title: Unit 32: Food Retailing D1: Analyse how developments in the consumer market have impacted on a food retailer
Description: Business essay analysing how developments in the consumer market have impacted on a food retailer BTEC LEVEL 3 BUSINESS
Description: Business essay analysing how developments in the consumer market have impacted on a food retailer BTEC LEVEL 3 BUSINESS