Monday, June 24, 2019

Re-Engineering Retail - Reliance to empower 50 lacs Mom & Pop stores



 
In a very simple way, the project looks like this  (one of our projects successfully launched in 2015)



Real great move by Reliance. 

It would change the landscape of Indian Retail in the next few years. Empower the existing Mom & Pop (Kiraana) stores (appx. over 1.6 crores across India) with strong supply chain, efficient distribution system, great price points and above all, on a super technology platform (easy to understand and easy to use) is the only way forward for capturing India retail market share. 

Once the 'retail network' is created, it can be leveraged in many different ways. For example, a new product launch ‘speed to market’ can be brought down to 3 days in order to reach to the customers. The future of retail is all about - 'physical stores with virtual inventory'. Companies like Reliance Retail, D-mart or Future Group - Big Bazaar, should try for NO INVENTORY store and give great buying experience to its customers. 

However, the art is in execution. Cost effective execution.

 retailing onlineshopping supply stores reliance retail salesandretail mobilecommerce ecommerce momandpopstores dmart bigbazaar futureofretail 

Read more at https://lnkd.in/fS24FNA







Start-up >> Scale up

Face book was valued at $ ~ 80 bn when it went public in 2012.   Today, it is valued at over US$ 680 bn.   Value is unlocked by 8X i...