Changing Regulations to Impact Retail Businesses
In the January issue of Chain Store Age, we discussed government regulations that will affect supermarket and convenience store retailers in 2016. Below are the highlights:
In 2016, retail chains will continue to face increasing competition and high consumer expectations. Changing regulations will also impact retail businesses. We see three regulatory issues as the most critical for the retail industry this year and beyond:
- Food Safety Modernization Act (FSMA)
For retailers offering fresh foods, FSMA will have an impact on food integrity and safety, and may help with reducing food waste. As retailers focus more on “farm to table” freshness, the result will be an increased importance on collecting and utilizing data related to the safety and integrity of foods.
- Refrigerant and energy efficiency standards
The EPA and DOE are working diligently with industry leaders to decrease greenhouse gas emissions, move to climate-friendly refrigerants and employ advanced refrigeration technologies. Most of these technologies are not “drop-in” substitutes for retrofitting. Retailers and their suppliers will need to plan and collaborate to fulfill all guidelines.
- Changing workforce regulations
Retailers will continue to deal with employment and workforce regulation changes. Increasing labor costs will lead retailers to look to additional technology and automation for solutions.
You can read the full Chain Store Age article on page 26 of the January print issue.
What regulations will impact you most in 2016? Please share your insights in the comments below.
President, Retail Solutions
Emerson Climate Technologies