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Summary of Benjamin Lorr's The Secret Life of Groceries
- Narrated by: Glenn Argenti
- Length: 22 mins
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Summary of Benjamin Lorr's The Secret Life of Groceries
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Summary
No time to read? Get the main key insights from this summary of Benjamin Lorr’s The Secret Life of Groceries in just a short listen.
A few key insights from Chapter 1:
1. A symbiotic grocer-supplier relationship can consist of a person that produces the supplies and another that sells them. Once refrigeration became mainstream, convenience stores dropped home delivery and opted for venues to off-load products.
2. Southland Corp., the parent company of the convenience store 7-Eleven, was born in hot-weather Dallas where its manufacturing of ice, gas station services, and food accessibility brought forth its huge success. Convenience stores became so present in a consumer’s unconscious that their absence has become unthinkable.
3. Convenience stores depend on real estate, as the best locations and rent equal the best profits when it comes to selling the same items everywhere.
4. Joe Coulombe, the founder of the Trader Joe’s chain, was both a calculating businessman and a wholesome self-taught founder which helped him thrive in a business built on negotiation, trust, and quick deals. He spent most of his time reading, strategizing, and theorizing about grocery stores.