Consumption Gets a Bharat Boost

Consumption Gets a Bharat Boost From electronic products, furniture and cars to apparel, fashion accessories and food, smaller towns are outpacing metros and big cities in consumption revival. Will this sustain? October 18, 2020 BUSINESS TODAY : Ramesh Iyer, Managing Director, Mahindra Finance, was pleasantly surprised to know that his team had disbursed 30,000 vehicle…

Consumers making key trade-offs in festive spending

August 31, 2020 THE ECONOMIC TIMES:  The report, which compared consumer spending trends this year compared to the previous year, said the Covid-19 era has changed the way consumers bought groceries in terms of product mix, frequency of shopping, visits and tickets size, and whether they shopped online or offline. New Delhi Consumption patterns have…

Kiranas flock to B2B apps for supplies

AUGUST 15 2020, LIVE MINT: Neighbourhood grocery stores took to digital payments and B2B apps to replenish stocks during the lockdown, stepping further into an expanded digital ecosystem for India’s daily shopping needs. As the lockdown disrupted supplies to thousands of small retailers, business-to-business platforms that supply goods and provide payment and billing solutions saw orders and…

Customers vocal for local, finds survey

AUGUST 14 2020, THE TIMES OF INDIA: During the initial days of the lockdown, Anjana P bought stock from regional brands for rava and pulses because only those were available. But she is sticking on to them although the bigger brands are back on the shelves.“They are less expensive and of good quality,” she said.…

How retail tech startup SnapBizz scaled its business and clocked Rs 7 Cr revenue amidst COVID-19 pandemic

AUGUST 10 2020, YOURSTORY: In the six years since Prem Kumar started his retail tech startup SnapBizz, he interacted with many neighbourhood kiranas. During one such interaction, a store boy walked up to him and thanked him as he had got Rs 1,000 increment in his salary from the owner. “This allowed him to send…

Kirana Stores: The new heroes of Indian economy during COVID-19

JULY, PROGRESSIVE GROCER: Kirana stores have had many makeovers and growth variations in the last couple of years. With the sudden emergence of e-commerce solutions and multinational online retail players, who offer various easy pay and delivery options, the next-door grocery stores have been put to various tests and have had to face immense competition and…

How tech start-ups, FMCG majors are helping kirana stores go digital

JULY 25, 2020 BUSINESS TODAY: With consumers preferring to shop online in the COVID era, some forward-looking Kirana stores (1-2 million of the 15 million stores) are eager to have an online presence so that they don’t lose customers to online grocers. If you happen to search online for a packet of Maggi or Saffola…

In COVID-19 world, digital distribution platforms become strong alternative for FMCG majors

JULY 14, 2020 BUSINESS TODAY: The coronavirus lockdown and the distribution disruption thereof, has forced consumer product companies to take a hard look at their distribution strategy. A digital-first strategy is what all of them are looking at. Being digital-first not only makes their products available to consumers through platforms like Swiggy or Zomato but…

Smaller packs fly off shelves as on the go consumption rises

JULY 8, 2020 THE TIMES OF INDIA: As people begin moving out for work,smaller packs of biscuits and snacks are witnessing growth. Biscuit makers including Unibic are saying that their Rs 10 pack is witnessing a spike in demand. The lower SKUs (stock keeping units) have seen their share go up by 10% by volume and the…