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IRI Adds CPG Channel Shift Index and CPG E-Commerce Demand Index to Its COVID-19 Insights DashboardIRI®, a global leader in innovative solutions and services for consumer, retail and media companies, today announced the release of the IRI CPG Channel Shift Index™ and IRI CPG E-Commerce Demand Index™ as additions to its COVID-19 Insights Dashboard. "The IRI COVID-19 Dashboard has become a trusted, standard resource for understanding the CPG landscape in real time, including the behavioral shifts caused by the COVID-19 pandemic," said Dr. Krishnakumar (KK) S. Davey, president of IRI Strategic Analytics. "These two new indices significantly increase our offerings by providing additional shopper views to help CPG manufacturers and retailers stay connected to their customers during a time that has rendered traditional measurement models as poor predictors of the future. Powered by IRI's nationally representative consumer panel and market-leading E-Market Insights, these new indices work in tandem with the extensive IRI Shopper Loyalty database of over 500 million frequent-shopper loyalty cards to provide unmatched insights into rapidly evolving consumer behavior." IRI CPG Channel Shift Index The IRI CPG Channel Shift Index provides the industry's only standard metric for tracking accelerating and decelerating CPG channel shifts for seven geographies: all outlets, grocery, club, dollar, drug, mass and total e-commerce. The index offers two views: Channel Demand, which examines the level of dollar sales transactions within each channel compared to the year-ago period, and Product Trip view, which details the level of trips consumers take to each channel compared to the year-ago period. Both views are updated weekly and allow users to view channel demand at the total CPG level or segment by edible and non-edible categories. Notable insights revealed by the CPG Channel Shift Index in recent weeks include:
IRI CPG E-Commerce Demand Index The IRI CPG E-Commerce Demand Index provides a standard metric for tracking changes in online spending on consumer-packaged goods. The index measures rolling changes in consumer purchases by analyzing dollar sales vs. the year-ago period across releasable edible and non-edible departments. The index is available for three channels (Total E-Commerce, Brick & Mortar E-Commerce and Online E-Commerce) and two fulfillment types (Click & Collect and Delivery/Shipment). Both views are updated every four weeks and allow users to view channel demand at the total CPG level or segment by categories within the edible and non-edible departments. Notable insights revealed by the CPG E-Commerce Demand Index in recent weeks include:
The CPG Channel Shift Index and the CPG E-Commerce Demand Index are currently availabl online as part of the IRI COVID-19 Info Portal and Data Dashboard, a suite of resources to help CPG manufacturers and retailers understand and navigate the COVID-19 pandemic. It includes the latest rapid-response research, insights on the impact of the COVID-19 pandemic on global CPG consumer behavior and supply chain challenges, historical and predictive data on consumer demand as well as IRI solutions to help manage CPG and retail challenges during the pandemic. Helpful Links:
About the IRI Partner Ecosystem IRI fundamentally believes that delivering differentiated growth for clients requires deep, highly integrated partnering with a variety of best-of-breed companies. As such, IRI works closely with a broad range of industry leaders across multiple industries and sectors to create innovative joint solutions, services and access to capabilities to help its clients more effectively collaborate and compete in their various markets and exceed their growth objectives. IRI is committed to its partnership philosophy and continues to actively enhance its open ecosystem of partners through alliances, joint ventures, acquisitions and affiliations. The IRI Partner Ecosystem includes such leading companies as 84.51°, Adobe (News - Alert), The Boston Consulting Group, comScore, Data Plus Math, Experian, GfK, Gigwalk, Google, Ipsos, Mastercard Advisors, MaxPoint, Omnicom, Oracle, Pinterest, Research Now, Simulmedia, SPINS, Survey Sampling International, Univision, Viant and others. About IRI IRI is a leading provider of big data, predictive analytics and forward-looking insights that help CPG, OTC health care organizations, retailers, financial services and media companies grow their businesses. A confluence of major external events - a change in consumer buying habits, big data coming into its own, advanced analytics and personalized consumer activation - is leading to a seismic shift in drivers of success in all industries. With the largest repository of purchase, media, social, causal and loyalty data, all integrated on 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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