Covid-19 has forced a radical shift in consumer and company behaviours. As industries adapted to the necessity of social distancing, new business models took off or accelerated. Now, many leadership teams are wondering which of these changes will endure beyond the pandemic, permanently reshaping businesses and industries. Meanwhile, let us go through this week’s “Indian Retail at a Glance” and see how retail fared in the past week.
India’s economy in 2020: Year of many questions
Healthcare, IT and FMCG companies are sighting stronger earnings outlook in the coming times.
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How 2020 shaped the future of retail
One thing is for sure, going forward we will see technology playing an increasingly larger role across retail, and this will take centre-stage as companies woo consumers by creating immersive experiences for their consumers wanting to buy their products with minimal physical contact.
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FMCG Trends to Look Forward to in 2021
The COVID-19 pandemic has majorly impacted the attitude of the consumers and paved a new consumption pattern in them which is predominantly dominated by health & wellness, safety & assurance and taste & enjoyment. To cater to these growing needs of the consumers, FMCG companies are also bringing many new changes in their functioning.
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COVID-19 compels Food & Grocery Industry to re-imagine innovation
Experts believe that the impact of the pandemic is bound to alter all aspects of a consumer’s life. But while some areas would witness temporary effects where habits change for short duration and then go back to pre-COVID-19 ways, other areas would face long-term consequences.
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COVID-19 impact: Indian retailers hopeful of 85% revival by June 2021
Indian retailers across electronics, fashion, and grocery sectors are optimistic about realising around 85 per cent of pre-pandemic level in terms of business over the course of the next six months, and are looking at the upcoming year (2021) with cautious optimism.
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One-third of Indian CMOs expect V-shaped recovery of their industries
One-third of Indian CMOs are hopeful of V-shaped recovery of their industries on the back of performance of the agriculture sector and increasing demand of the FMCG products.
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What was in your online grocery cart in 2020?
When sourdough and banana bread hit peak home baking this year, flour, eggs and butter instantly flew out of grocery shelves in the West, but here in India, things are slightly different.
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Laptops, desktop sales see 'renaissance;' shortages won't ease until 2022
Remote learning and working has upturned the computer market during the coronavirus pandemic, zapping sales of smartphones while boosting interest in bigger devices, which had become afterthoughts to iPhones and Androids over the last decade.
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Hindustan Foods unit to invest Rs 125 cr to set up facility in north India
FMCG firm Hindustan Foods said its subsidiary will invest Rs 125 crore to set up a manufacturing facility in North India as part of its goal to more than double its revenue to Rs 2,000 crore by fiscal year 2021-22.
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Emami to expand ayurvedic product export under Zandu
Emami plans to export its healthcare portfolio under Zandu into several newer markets with the company receiving the WHO-GMP and Certificate of Pharmaceutical Products (CoPP) accreditations for its two plants located at Vapi and Masat in Gujarat.
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