When split-second shopping decisions impact billion-dollar industries, smart businesses realize that collaboration beats competition. While traditional business models kept CPG brands and convenience retailers in separate lanes, today’s most successful partnerships focus their joint business planning to create win-win relationships that benefit everyone—including consumers.
The potential rewards are clear: convenience stores host over 160 million customers daily, while CPG brands spend billions trying to reach those exact same consumers. Today’s most successful collaborations are creating value that extends far beyond traditional buyer-seller relationships. You can join in by following 10 power moves to transform your own engagement strategy.
1. Refine data-driven category management
It has to start with data. Transform your guesswork into profits by sharing your point-of-sale data and consumer insights to optimize product assortments and shelf space allocation based on your own stores’ performance rather than on modeling and assumptions.
Mutual benefits:
- CPG brands gain real-time performance data to instantly pivot strategies.
- Retailers maximize category profitability and inventory turns.
- Both parties slash waste and improve forecasting accuracy.
2. Launch more co-marketing campaigns
Combine CPG marketing budgets with your planned marketing initiatives and create promotional powerhouses to benefit your customer relationships that neither party could achieve alone.
Mutual benefits:
- CPG brands access high-traffic locations and established customer bases.
- Retailers receive funded marketing content and promotional support.
- Shared marketing exponentially amplifies campaign reach and effectiveness.
3. Integrate loyalty programs faster
Embed CPG products seamlessly into retailer loyalty ecosystems with special offers, bonus points, and member-exclusive pricing that keeps customers coming back.
Mutual benefits:
- CPG brands tap into existing customer bases versus starting from scratch.
- Retailers boost program engagement and customer retention rates.
- Both parties enjoy increased purchase frequency and larger basket sizes.
4. Share technology platforms for maximum efficiency
Leverage integrated systems and common platforms to help speak the same language and connect promotional execution, analytics, and customer engagement strategies.
Mutual benefits:
- Dramatically reduce technology costs through shared infrastructure.
- Standardize processes that eliminate confusion and delays.
- Easily adapt to market or consumer behavioral changes in real time.
5. Customize for local market flavor
Use shared market intelligence to tailor product offerings, pricing, and promotions for specific demographics and regional preferences. Think: Why are customers going to this retailer? Trip drivers differ vastly across brands and geographical areas.
Mutual benefits:
- CPG brands optimize penetration in previously untapped local markets.
- Retailers serve their unique customer base more impactfully.
- Both parties increase relevance while reducing inventory risk.
6. Team up on new product innovation
Collaborate on product development and testing by using retailer insights and store networks as real-world laboratories for experimentation.
Mutual benefits:
- CPG brands get authentic market feedback before major launches.
- Retailers gain exclusive access to innovative products.
- Both parties reduce new product failure rates through data-driven development.
7. Optimize supply chains together
Coordinate supply chain activities to improve efficiency, reduce costs, and ensure products are always available when and where customers want them.
Mutual benefits:
- CPG brands improve distribution efficiency and avoid costly out-of-stock issues.
- Retailers optimize inventory management and reduce carrying costs.
- Both parties boost customer satisfaction through consistent product availability.
8. Create more compelling customer experiences
Design seamless omnichannel shopping journeys that blend powerful CPG brand engagement with both digital and in-store retail solutions. Incentivize consumers’ behavior in every place you can reach them.
Mutual benefits:
- CPG brands forge stronger emotional connections with consumers.
- Retailers differentiate their stores from the competition.
- Both parties increase customer loyalty and lifetime value.
9. Invest in training and education programs
CPG brands can provide comprehensive product training and merchandising support to retailer staff, turning them into knowledgeable brand ambassadors.
Mutual benefits:
- CPG brands ensure proper product representation and sales support.
- Retailers improve staff expertise and customer service quality.
- Both parties increase sales through superior product positioning and education.
10. Measure, analyze, and optimize performance
Establish shared metrics and regular review processes to continuously improve overall relationship effectiveness and long-term ROI.
Mutual benefits:
- CPG brands gain deep insights into retail performance drivers.
- Retailers identify which partnerships deliver the highest returns.
- Both parties optimize strategies based on detailed performance data.
Gain the digital advantage for sustained success
Today’s most successful partnerships leverage sophisticated technology platforms that provide unprecedented visibility into consumer behavior. This foundation supports everything from precise promotional targeting to predictive inventory management.
Building and sustaining successful collaborations is based on several field-proven principles:
- Mutual trust and transparency: Share relevant data and insights openly while respecting competitive boundaries.
- Aligned objectives: Ensure both parties’ goals complement each other and are clearly defined from day one.
- Technology integration: Invest in systems that enable seamless collaboration and real-time data sharing.
- Regular communication: Establish ongoing dialogue through regular business reviews and strategic planning sessions.
- Customer-centric focus: Keep consumers’ needs and experiences at the center of all collaborative efforts.
As customer expectations continue to rise and competition intensifies, the partnerships you build today will determine your market position tomorrow. Discover more insights on how to transform your business relationships.
Connect with Brian on LinkedIn.
C-Store Shopper Insights Report for CPG Brands
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