Sunday, July 25

Tag: retailers

Reliance Jio-Facebook Partnership
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Reliance Jio-Facebook Partnership

Indian new commerce battle was never so cut-throat as it is now with the entry of JioMart with the partnership of Facebook. Facebook is a big giant in the social media industry with enormous users on Facebook, Instagram, and WhatsApp. Facebook announces $5.7 billion of investment in Reliance Jio, and the news had come upon a time when other e-commerce companies were facing difficulties to ramp up with the supply. The partnership would be a game-changer for India’s Kirana store and other MSMEs. It will be exciting to see how the dual combo would make use of 388 million Jio and around 328 million Facebook users to battle against Amazon and Walmart. However, small retailers can look for digital empowerment with a new commerce platform that can serve the neighborhood customers remotely
Effect of COVID-19 on Small Retailers
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Effect of COVID-19 on Small Retailers

How is COVID-19 going to affect India’s GDP? Investment Information and credit rating Agency (ICRA) recently projected the probability for the GDP of India to slip to a negative one percent. The GDP can further contract if the existing lockdown continues. GDP in the simplest term, is the sum of all economic activities happening in the country. A shrinkage of GDP would mean a fall in the overall output in various sectors of India. Among the lockdown, one of the worst-hit sectors is of retailers. They are either forced to close or had a lesser footfall of consumers because of the pandemic. How is this pandemic going to affect the retail industry? During the lockdown, when even big e-commerce struggled to keep us with groceries and fresh food categories, that's when brick and mortar