Omnichannel Retail with Media, Ads + Commerce's Andrew Lipsman
May 29, 2024
auto_awesome
The CPG Guys host Andrew Lipsman, an independent analyst and founder of media, ads + commerce, discussing retail media, Instacart, Amazon Fresh, Walmart Connect, and the future of national media. Insights on online grocery sales, Amazon's first upfront event, and navigating Amazon advertising in omni-channel retail also covered.
Innovation in measurement drives advertising investments, emphasizing standardization for retail media success.
Uber expands partnership with Costco for product delivery and caregiver services through their app.
Amazon focuses on video ad offerings at upfront event with celebrities, enhancing market presence.
Deep dives
Uber Expands Costco Partnership for Groceries and Medical Supplies
Uber announced an expanded partnership with Costco to provide club retailer products on Uber services in the US, Canada, Mexico, and Japan. They also introduced a feature allowing users to add caregivers to the Uber app, enabling them to book rides and purchase groceries, medical supplies, and over-the-counter items.
Walmart Confirms Layoffs in Corporate Roles
Walmart confirmed layoffs of corporate employees, emphasizing support for those affected by the changes. The company announced plans to reduce several hundred campus roles with a focus on assisting impacted associates in transitioning forward.
Online Grocery Sales Increase in April
Grocery e-commerce sales in April totaled $8.5 billion, with an increase of approximately 4% compared to the same month in 2023. Notably, pickup orders constituted around 43% of US online grocery sales, while delivery and shipped-to-home methods accounted for 38% and just over 18% of the market, respectively.
Amazon Hosts First Upfront Event with Celebrities
Amazon made a significant impact at its inaugural upfront event, showcasing its growing video-focused ad offerings. The event featured celebrities like Alicia Keys and Jake Gyllenhaal, indicating Amazon's focus on scaling its video advertising initiatives and solidifying its presence in the market.
Transformation in Retail Media Measurement and Innovation
Andrew Lipsman discusses the transformative aspects in retail media, highlighting the importance of innovation in measurement to drive advertising investments. He underscores the need for standardized ad units and measurement techniques to evolve retail media into a powerful advertising platform, emphasizing the role of third-party measurements to enable market growth and success.
The CPG Guys are joined in this episode by Andrew Lipsman, an independent analyst and founder of media, ads + commerce. Andrew is ex-marketer and the author of many a report on which many have made investment decisions over the last few years on their ecommerce and omnichannel retail investment budgets.
We always associated you with Emarketer and the great insights you provided. You’re independent now like me, how is the difference?
Hot topic - what’s the latest news on retail media? What should we be paying attention to?
You recently presented some provocative insights on incrementality measurement at the Path to Purchase Future Forward Summit. What can you tell us about that?
What’s going on with Instacart? IPO is in the rear view mirror. The stock has done well. What should we expect next as we haven’t really seen a substantial expansion of coverage? If anything there’s been a decline in business.
Amazon fresh is next - new store announcement happened. Seems to be a teeter totter. If grocery is to be figured out it’s through fresh, though core grocery is growing rapidly. What to make of this?
Walmart connect is growing rapidly and we can now safely say it’s ad units are full funnel. What’s it gonna take to be considered by brands as bona fide national media?
You've been a strong advocate for in-store retail media. Is this market finally ready for primetime?
What’s next for our industry? Where is the next disruption evolving?
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.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode