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IRI Releases Data Detailing Availability of Key Grocery Products Ahead of Thanksgiving Holiday

By: via Business Wire

Latest data shows high out-of-stock rates for five Thanksgiving-related categories; shoppers can expect lower levels of holiday promotion this year

IRI®, a global leader in innovative solutions and services for consumer, retail and media companies, today released new data on availability of a basket of five Thanksgiving-related grocery categories across stores nationally.

“As the holiday season approaches and widespread supply chain challenges continue to impact industries across the economy, IRI is tracking a basket of items for their availability, demand, price and promotion for Halloween, Thanksgiving and Christmas,” said Dr. Krishnakumar (“KK”) S. Davey, president of IRI Client Engagement. “Halloween season is shaping up nicely with the category growing in double digits, and we are recording significant out-of-stock rates on several Thanksgiving-related grocery categories at this time. IRI’s real-time data provides critical insights for retailers and manufacturers managing an increasingly complex and volatile supply chain environment, particularly ahead of high-demand events. By tracking availability of critical holiday-related products and categories, IRI is enabling our retailer and manufacturing clients to make better decisions on merchandising, promotional activity, and other variables to drive their growth and profitability, and deliver for shoppers.”

Key Thanksgiving-related findings for the week ending Oct. 19, 2021, include:

  • Five Thanksgiving-related categories have elevated and worsening out-of-stock rates. Product availability of whipped toppings, liquid gravy, frozen pie/pastry shells, refrigerated pies and bakery pies categories were between 5 and 11 percentage points lower this week than the same time last year, and between 1% and 9% lower than the recent two-month average. Among these challenged categories, liquid gravy had the lowest in-stock rates this week, down 11 percentage points from the year-ago period and 9 percentage points compared to the last two-months average availability.
  • Promotional and pricing activity already reflects shortages. As a result of lower supply, retailers are running between 1 and 9 percentage points fewer promotions in these five categories compared to last year. On average, prices in these five categories have risen about 3.6% over this time last year, with frozen pie/pastry shells showing the highest pricing increase of 6% over the year-ago period.
  • Shoppers should expect lower levels of promotion and an increased need for substitutions. While some of these categories typically see high levels of promotion as the holidays approach, retailers will have less incentive to promote this year given the high demand and low in-stock rates. As a result of availability, lesser anticipated promotional levels and continuing inflation, shoppers may need to substitute items across key Thanksgiving categories (e.g., substituting fresh for frozen desserts) or try to find their favorite products at other stores.
  • Early indications of supply chain risk to other Thanksgiving-related categories. As the Thanksgiving holiday approaches and demand begins to spike, data foreshadows availability risk for additional Thanksgiving-related items, including cranberries and stuffing.

The IRI CPG Demand, Supply, Price Inflation and Promotion Indices are calculated from daily point-of-sale and e-commerce transaction data reported from major chains’ sales transactions.

Helpful Links

IRI CPG Demand Index™ / IRI Launches CPG Demand Index Forecasts on COVID-19 Dashboard

IRI CPG Supply Index™ / IRI Releases the IRI CPG Supply Index

IRI CPG Inflation Tracker™ / IRI Launches IRI CPG Inflation Tracker to Track Price Changes Amid COVID-19 and Beyond

IRI CPG Promotions Index™ / IRI Releases the IRI CPG Promotions Index

About IRI

IRI is a fast-growing, leading provider of big data, predictive analytics and forward-looking insights that help CPG, OTC health care organizations, retailers, and financial services and media companies grow their businesses. With the largest repository of purchase, media, social, causal and loyalty data, all integrated into an on-demand, cloud-based technology platform, IRI is empowering the personalization revolution, helping to guide its more than 5,000 clients around the world in their quests to remain relentlessly relevant, capture market share, connect with consumers, collaborate with key constituents and deliver market-leading growth. For more information, visit www.iriworldwide.com.

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