#relianceretail, #Jiomart & its mega plan to partner with #Kiranans:

Reliance Retail been using its retail store network for delivering products
ordered through JioMart.

Amazon investing in its own food & grocery unit Amazon Retail apart from using
the More chain of stores.

JioMart processes more than 3L food & grocery orders/day with over 70% of the
orders from regular buyers.

Reliance has 51 Reliance Market outlets that occupy 50,000-80,000 sq ft.

It has already converted a portion of 26 such stores into Reliance Smart

Some of the space in these outlets & the remaining stores will be converted to
B2B fulfillment centers.

As per Nielsen, the share of eCommerce in overall FMCG sales in the country rose
to 3.1% in September from 2.6% during Jan-Mar.

In the metros, the share of eCommerce in FMCG went up to 8.6% from 6.4% in the
same period.

There are an estimated 20 million kiranas in India.

Its partnership with Kiranas will ensure Reliance does not impact the livelihood
of the smaller kiranas & instead strengthen them.

Source:ET prime

Posted by Sathish CP on LinkedIn
link: linkedin.com/in/sathishcp