grocery business in india
DESCRIPTION
Indian grocery businessTRANSCRIPT
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Grocery Business in India
Amareesh Kalra,
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Grocery Market Size
• Indian grocery retail industry accounts for over 16 per cent of the country’s GDP.
• Currently estimated at $343 billion • Annual growth rate of 6 per cent • In market potential, India ranks eleventh
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Retail Structure
Grocery Retail
Organized
Super Markets
Hypermarkets
Departmental Stores
Discount Stores
E-Tailers
Gourmet Store
Unorganized
General Store
Kirana Store
Street Markets
Convenience Store
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Statistics and Drivers
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Market Dynamics
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Challenges
• Labor cost• Knowing the inventory• Higher productivity requirements and fewer
resources• Customer demand• Increasing competition• Operation management challenges• Issues in existing store systems technology
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Future
• Data and data management • Inventory visibility and availability • Technology and innovation• Establish credibility and exceed expectations• Knowing the market• Understand shopping occasions and consider
specializing• Consider alternative approaches to ordering and
distribution• Bridging digital with In-Store
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Conclusion
• Regardless of format, price, quality, convenience and selection are key drivers of store choice
• “Build it and they will come” approach will not work in the digital world
• Consider the entire retail landscape and respect the differences between channels
• Know your consumers for multi channel strategy.• Success will require collaboration between retailers and
manufacturers• Understand how shoppers are responding to marketing
touch points