KIRANA STORE OWNER Suresh Kumar's phone won't stop ringing as he mans his shop in Santacruz, Mumbai. "I've increased my home delivery service to customers. I have two extra hands for the purpose.
And I'm hoping to counter these online platforms that claim faster delivery," he says in between calls.
Kumar is among a growing tribe of last-mile retailers looking to leverage their relationships within their catchment areas to cut sales loss to quick commerce players. The online players, who promise to deliver consumer goods within an hour, are gaining ground in cities.
In the suburb of Bandra, for instance, Darshan Patel, who runs a general store selling grocery and food items, says he has set up a WhatsApp group of his loyal customers, sending them regular updates on new products, offers and discounts. Home delivery is free of cost and Patel also puts in that extra effort with his distributor if a customer insists on a new flavour or variant of a product.
"I find that my customer base appreciates this engagement. We waste no time when orders are placed on WhatsApp or phone," he says of his strategy to counter commerce. Patel knows that time is of essence when it comes to tackling this emerging retail segment.
Bu hikaye Financial Express Mumbai dergisinin April 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Mumbai dergisinin April 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes ₹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion