Buy Low – Sell High! How the grocery store could be shaken by dynamic pricing
The world of retail is constantly evolving, and one potential change on the horizon is the implementation of dynamic pricing for basic food items at grocery stores. This concept is already familiar in industries such as airlines, hotels and even the price of gasoline. Prices adjust based on real-time factors. While potentially beneficial for both stores and consumers, the application of dynamic pricing to essentials raises concerns about fairness, affordability, and potential manipulation.
Several factors could influence dynamic pricing for basic food items. Perishability would be a key driver. Prices on items nearing their expiration date could decline significantly, incentivizing…