The Evolution of Retail Media with Walmart Connect’s Doug Jossem
Jun 8, 2024
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Head of Food at Walmart Connect, Doug Jossem, discusses his career journey from CNN to WMC and leadership in the food space. He highlights WMC's unique value for brands, measurement metrics, and in-store media offerings. The evolution of retail media and WMC's role as a national media provider are explored.
Walmart Connect offers personalized shopper experiences and aims to become a national media player.
Dr. Pepper surpasses Pepsi to become the second largest soda brand in the US.
Giant Eagle and Wegmans collaborate with Ripple for improved retail media scale and control.
Deep dives
Walmart Expanding In-Home Delivery Service to 10 Million More Households
Walmart has extended its InHome delivery option to more households, including those in Greater Philadelphia, Boston, Detroit, Minneapolis, and San Bernardino. Associates with wearable cameras provide in-home delivery by unlocking doors with one-time access codes. Customers can view delivery videos for a week after the service.
Dr. Pepper Surpasses Pepsi, Becoming Second Largest Soda Brand
Dr. Pepper has overtaken Pepsi as the second largest soda brand in the US, with Coke still leading the market. Dr. Pepper's market share surpassed Pepsi's in 2023, with Coke holding a comfortable margin. By capturing 8.3% of the market, Dr. Pepper now holds the runner-up spot.
Giant Eagle and Wegmans Enhance Retail Media Scale with Ripple Partnership
Giant Eagle and Wegmans have linked their retail media platforms to Ripple, a data platform that offers a single access point for advertising partners to collaborate with regional brochures. This partnership aims to improve the scale of Giant Eagle's retail media network while maintaining in-house control over brochures.
Doug Joseph Discusses Walmart Connect's Growth and Impact in Retail Media
Doug Joseph from Walmart Connect discusses the company's role in the retail media landscape, emphasizing the importance of personalized shopper experiences and accountability in advertising. Walmart Connect's offerings range from in-store experiential opportunities to off-site partnerships with platforms like TikTok and NBC Universal. Doug highlights the shift towards consolidation in the retail media space and Walmart Connect's focus on becoming a national media player.
The Future of Retail Media and Walmart Connect's Position
Looking ahead, the retail media landscape is expected to undergo consolidation, with fewer players offering higher-quality data and scale. Walmart Connect positions itself as a crucial link between suppliers and traditional publishers, providing accountability, visibility, and personalized marketing experiences. As the industry evolves, Walmart Connect aims to lead in offering efficient national advertising solutions and robust measurement capabilities.
Conclusion
The podcast episode delves into various retail industry insights, including Walmart's innovative strategies in in-home delivery, the shifting trends in soda brand rankings, and the collaborative efforts of Giant Eagle and Wegmans in scaling their retail media through the Ripple platform. Doug Joseph's discussion sheds light on Walmart Connect's growth trajectory, focusing on personalized marketing experiences and the company's strategic positioning as a national media player in the evolving retail media landscape.
Take us through the years of your career development from CNN, Yahoo, Twitter, Comedy Central to WMC head of food. Any advice for those wishing to follow in your footsteps?
What does leadership for WMC in the food consumables space mean? How do you bring your authenticity to how you deliver for WMC?
What makes WMC a unique value proposition for brands? Why should they invest with you?
When brands invest with you, what measurement and metrics can they expect? How do you measure success?
Take us through the portfolio of on-site and off site offerings at WMC.
In store retail media is getting a lot of attention. What does this mean for WMC and how are you connecting with merchants on this?
WMC can be a national media provider for brands. How are you working your way to that? What makes the value proposition strong as a national media provider.
How do you see retail media evolving in the next few years?
DISCLAIMER: The content in this podcast episode is provided for general informational purposes only. By listening to our episode, you understand that no information contained in this episode should be construed as advice from CPGGUYS, LLC or the individual author, hosts, or guests, nor is it intended to be a substitute for research on any subject matter. Reference to any specific product or entity does not constitute an endorsement or recommendation by CPGGUYS, LLC. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent.
CPGGUYS LLC expressly disclaims any and all liability or responsibility for any direct, indirect, incidental, special, consequential or other damages arising out of any individual’s use of, reference to, or inability to use this podcast or the information we presented in this podcast.
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