Written By Anchita Ghosh Now that many areas are out of bounds for big retailers for various reasons, is there an opportunity for local kiranas? People queueing up outside a a kirana store Tom Abraham, who runs a grocery retail outlet at HSR Layout in Bengaluru, thought of shutting it down as his shop attendants went back to their native place in Bihar after the lockdown was first announced. Plus he was facing problems in sourcing inventory. Samir Wagadwala, who owns a kirana shop in the Mumbai suburbs of Andheri (East), didn’t find it viable to deliver just one or…
Written By Alnoor Peermohamed, ETtech More sellers are signing up on e-commerce platforms such as Amazon and Snapdeal, anticipating recovery in offline demand to take longer in view of the nationwide lockdown being extended to May 3. The government said e-commerce platforms would be allowed to sell both essential and non-essential items starting April 20. There has been a spike in the number of signups and queries from new sellers in the run-up to and during the lockdown that began from March 24, the online retailers told ET. “We now have 6 lakh sellers on our marketplace, up from 5.5…
The MHA has come up with fresh guidelines allowing e-commerce companies to operate, ensuring strict social distancing without any restriction on their timing and closure, after April 20 Written By Peerzada Abrar, Samreen Ahmad & Neha Alawadhi The main problems e-commerce firms are facing on the ground include absenteeism of delivery people and difficulties in getting curfew passes E-commerce companies such as Amazon and Flipkart, and sellers, have reached out to the government seeking clarity on whether they would be allowed to sell non-essential items under the fresh guidelines. On Wednesday, the Ministry of Home Affairs (MHA) in the fresh…
Oil shocks, financial market crashes, localised wars and even medical emergencies like SARS pale when compared to the speed and the scale of the mayhem created by SARS-CoV-2. In recent decades the world has become far more interconnected through travel and trade, so the viral disease – medical and economic – now spreads faster than ever. Airlines carrying business and leisure-travellers have also quickly carried the virus. Businesses benefitting from lower costs and global scale are today infected deeply due to the concentration of manufacturing and trade. A common defensive action worldwide is the lock-down of cities to slow community…
Towards the end of last week, at least three such tie-ups were announced Written By Shubhomoy Sikdar While such a strategy is not entirely unprecedented, experts see the crisis as an opportunity to focus on each other’s skills Businesses, much like everything else, continue to reel under the impact of Covid-19 and the resultant preventive lockdown. Tie-ups among brands and corporations operating in seemingly unrelated or even competitive sectors seem to be one way of getting around the supply-chain challenges. While such a strategy is not entirely unprecedented, experts see the crisis as an opportunity to focus on each other’s…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
