Progressive Grocer - August 2024

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In India’s growing retail market, traditional stores, known for personalized services and credit sales, have been able to build strong loyalty among low-income customers. In contrast, modern trade outlets, located in urban areas, serve middle-to-upper income groups with less frequent, larger purchases and a wider range of premium products
However, this ecosystem is currently undergoing significant transformations due to various factors. For a deeper dive into this evolving landscape, read the story (pages 24-27) detailing how modern trade, cash-and-carry formats, e-commerce, and new-age B2B providers are transforming India’s grocery retail market.
Talking of E-commerce, the quick commerce model in particular is expanding as rapidly as UPI payments. In the rapidly expanding Indian quick commerce sector, projected to reach $3.35 billion by the year-end and $9.95 billion by 2029, players face significant challenges. Competing with established services like Domino’s, which delivers pizzas within 30 minutes, requires more than just financial backing. Read the story (pages 80-83) on hows success hinges on mastering technology, developing efficient supply chains, and achieving profitability.