23 November, 2021 A healthy retail sector is absolutely vital to a healthy economy. Regulatory clarity and balanced competition are key for the sector's growth. Third Eyesight's founder Devangshu Dutta shared his insights on the conflicts and cracks appearing in the Indian retail sector. Global giants vs India's domestic retailers: Conflicts explained This video is an extract from a webinar organised by the Think Change Forum.
Written By Vaishnavi Gupta D2C brands are taking the traditional retail route to scale up Analysts say that the move to offline retail makes sense for digital-first brands in categories where experiencing the product is an important driver for purchase While brands across categories made a beeline for e-commerce during the pandemic, physical retail earned prominence among direct-to-consumer (D2C) brands. Melorra, Plum, Pee Safe and Libas, among others, have been building their offline presence over the past year. The total retail market in India is estimated to be worth Rs 63 lakh crore, of which 95% buying happens through offline…
Written By Sandeep Soni Technology for MSMEs: The nine-member ONDC advisory council includes R.S. Sharma, CEO, National Health Authority; Infosys’ Nandan Nilekani; CAIT’s Praveen Khandelwal; Adil Zainulbhai, Chairman, QCI; Avaana Capital’s Anjali Bansal, Arvind Gupta, Co-founder & Head, Digital India Foundation; NPCI’s Dilip Asbe; Suresh Sethi, MD & CEO, NSDL and RAI’s Kumar Rajagopalan. DPIIT in July this year, announcing the advisory council, had said that the ONDC is expected to “digitize the entire value chain, standardize operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers." Technology for MSMEs: The Modi government’s ambitious Open Network…
Written By Venkata Susmita Biswas Why direct selling companies continue to be wary of e-commerce channels A study by the Indian Direct Selling Association states that the Rs 17,000 crore direct selling industry grew by only 10% in FY21. The pandemic drove brands across categories to sell on e-commerce platforms and connect with consumers directly. Brands like Cornitos and Bisleri went the D2C way, and carmakers like Hyundai began selling four-wheelers online. From March 2020, direct selling companies enabled individual sellers to accept and fulfill orders online. Modicare, for instance, introduced a chatbot, an instant messaging catalogue, and an online…
Written By Sharleen Dsouza Cosmetics and skin care brands have been borrowing from a decades-old affordability play, but for a different reason. Makers of premium cosmetics and skin products have been borrowing from a decades-old affordability playbook—the sachet revolution. But for a different reason.Estee Lauder to Sugar Cosmetics are increasingly coming out with lipsticks and serums to cleansing butters in tiny sizes. More than ever during the pandemic.Selling things in bite-sized helpings isn't new. Consumer goods makers offer everything from shampoos to chips and cereals... Source: bqprime
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
