In last 1 year we seen some amazing headlines made by retailers of the country.. primarily driven by Online/App based retailers and on few occasions by a few Brick & Mortar retailers through closure or merger of Chains. Nevertheless its exciting time to be in that space. We saw some great successful ventures in Books, Apparels, Mobiles & home appliances retailing... Even Jewelry & Secondhand retailing is also gaining foothold besides some creative ventures. In this burgeoning Industry where every month is a welcome of new retailer I would like to draw attention towards a segment which has largely remained one of the most challenging sector of growth is Grocery Retailing.
In Grocery retailing I feel that those with experience on Merchandising, Customer buying behaviors, insight on consumption habits (understanding of taste buds) and most critically robust supply chain network would lead the pack.. Who eats Sona Masoori Rice & who will prefer a Matta or Arwa Katarni Rice. Whether customer would buy large pack of Toor Dal and smaller packs of Moong and Chana Dal or vice versa and interestingly this changes with every 100 miles we drive in any Indian city/ state...
In short an omnipresent retailer will have advantage over single platform Retailer. However the fact remains that Indian consumers have surprised everyone with such fast and smooth transition towards App/web based retailing and amazingly it already accounts for 1% of total Retail Sector in India...
Will keep posting my views.. thanks for reading....
In Grocery retailing I feel that those with experience on Merchandising, Customer buying behaviors, insight on consumption habits (understanding of taste buds) and most critically robust supply chain network would lead the pack.. Who eats Sona Masoori Rice & who will prefer a Matta or Arwa Katarni Rice. Whether customer would buy large pack of Toor Dal and smaller packs of Moong and Chana Dal or vice versa and interestingly this changes with every 100 miles we drive in any Indian city/ state...
In short an omnipresent retailer will have advantage over single platform Retailer. However the fact remains that Indian consumers have surprised everyone with such fast and smooth transition towards App/web based retailing and amazingly it already accounts for 1% of total Retail Sector in India...
Will keep posting my views.. thanks for reading....
