The trend of online supermarketsComments Off
The trend of online supermarkets
With the apparition of Internet, we saw new ways of consumption via the e-commerce. Indeed, now on the Internet you can buy pretty much everything such as books, music, movies, clothes etc.
One sector rather forgotten is the food. Maybe because people get used to go to supermarkets to find products they want. But recently big brands of retailing and new actors open grocery stores online. It’s a new way for them to make business.
5 facts to know about online grocery shopping:
1. Consumers don’t hate online grocery shopping, it’s just that they need time to getting used to it. The success factor is to provide a good user experience, with a nice navigation, an easy search and online help for example. You have to show to you customer that it’s a time-saving experience.
2. The online and offline baskets are different. For example, when you analyze the repartition of goods between online and offline, you notice that is much larger for F&B (food and beverages) with $80 online and $30 offline and for health and beauty purchase with $30 online and $10 offline. Generally, you see a greater mix of products with online shopping.
3. The purchase behaviors and the consumer perceptions are really different if you compare online and offline shopping. Indeed, the experience when you walked into a supermarket and when you surf on the Web. Online, you have to have a guideline to help you make your shopping easy, because generally on the website there are a lot of different options.
4. When you talk about online, all the rules are new. Indeed, it does not matter if you are a big brand physically because everything is different online, the codes, the habits etc. It is thus interesting for small players to try to modify the “game” online.
5. One key success factor online for small and large brands is to make combination online and offline and to provide the best user experience as possible. For example you have to be interactive by using smartphone applications or social media connections.
3 examples of online supermarket in 3 different countries
India: Aaram Shop
AaramShop is an Indian online start-up which has pioneered the concept of hybrid e-commerce. AaramShop is a hybrid online retail platform that enables small independent retailers to get a web-front to their physical store. The company allows customers to provide at local neighborhood stores (kirana); it means grocery shopping, via the Internet. AaramShop links e-retailers with their final customers by shop on web and mobile devices.
The company was founded by Vijay Singh in 2011. Originally serving 162 local shops in Delhi, over 1,900 retailers across 26 cities in India, use AaramShop as their e-commerce platform this year.
How does it work?
Customers use AaramShop’s website or log on using their Facebook or other accounts and create a shopping list or groceries for the products and brands they want to buy. Then, they can choose their nearby kirana from the listing and specify their preferred delivery time. Finally, the company use SMS and e-mail to direct the order to kirana about the order and the time of home delivery.
Visit the store
France : Carrefour
The global strategy of the group of hypermarkets Carrefour is currently turning around the web portal CarrefourOnline. Since 2008, the e-commerce strategy of Carrefour focus on e-commerce as a way to increase sales because many customers use cyber markets to compare brands and prices and buy on- line then get delivered. Carrefour top management decided to focus on e-commerce as 19% of French customers purchase on-line in 2013.
The retail website of Carrefour, CarrefourOnline, was launched in 2008. It was previously named Bookstore. The web portal was created by e-merchant, subsidiary of Pixmania Company. In 2012, the website registered 1.5 million unique visitors a month, which is 50 to 60% more than the year before, for a turnover increasing by more than 50%.
The website offers a certain number of shops, among them beggaries products, fitness, nursery, toys, sports and leisure activities, garden and open air, house and office, electronics and household electrical appliances. CarrefourOnline proposes 8,300 on-line references and specializes around high-tech products.
More information on the website
China : Epermarket
Based on the fact that it’s sometimes really hard to find products from other countries for expatriates, Epermarket which was founded in 2011 launched an online supermarket in Shanghai.
The website is in four languages (German, English, French and Chinese) and provide more than 2000 different products for everybody. Indeed, you can find snacks, fruits, vegetables, seafood, meat, wines etc. It’s a win-win situation because the expats community can appreciate all the food that they missed and this is the occasion for chinese people to discover new kind of food.
Their goal is to provide reasonable prices. They also focused on high quality products with an effective warehouse management system for the conservation and the delivery of the products.
From their side, everything is made in order to facilitate your online shopping and enjoy the food that you like.
Discover this online supermarket in Shanghai
Huawei Considers India Plant(0)
A Huawei spokesman in India said a facility could be set up soon if the company decided to go ahead with the plan, but did not provide further details. The possibility of a new factory comes as Huawei’s hometown rival, ZTE Corp, another major exporter to India, said it was also considering building a factory. Industry sources have said the Indian government is not approving equipment orders from Chinese vendors because of security concerns.
Source : Konaxis
CSR Nanjing China(0)
The automated stainless steel trains will arrive for testing in May.
These are the first trains of their kind to be exported from China. Qian Houkuan, the director of information and technology at CSR Nanjing Puzhen Rolling Stock Works, said that these subway trains are wider than 3 meters and have greater passenger capacity than other models. Each 3.2-meter compartment can carry 72 more people than the 3-meter trains used in China, which carry 228 people per compartment, Qian said.
Furthermore, these trains, specially designed for local conditions, can operate at temperatures up to 55 degrees and in 100% humidity. They can travel at speeds of up to 80 km per hour.
CSR Nanjing Puzhen Rolling Stock Works inked the $100million deal in Mumbai in May 2008. It is the biggest contract for subway trains ever inked by a Chinese firm.
Source : Konaxis
Huawei India research hub(0)
The proposed spending will be over five years, Ross Gan, a spokesman for Shenzhen, south China-based Huawei, said in an e-mailed statement Monday.
Huawei, a supplier to carriers including Bharti Airtel Ltd., seeks to win orders to build third-generation networks in the world?s fastest-growing mobile-phone market. Winning bidders in the government?s proposed auction for 3G airwaves will get spectrum by August, Telecommunications Minister Andimuthu Raja said last month.
Bharti Airtel, India?s biggest wireless carrier, may start 3G services by the Hindu festival of Diwali in November, Chief Executive Officer Manoj Kohli said in November 2009.
Huawei?s investment is part of the company?s plans to make India a hub for its global operations, Gan said.
Source : Konaxis
Tencent CTO: The next step will be to increase investments in the search service(0)
Xiong Hua said that although currently face fierce competition, but the search engine was still the next business for Tencent to increase investment into, Tencent was going to do it bit by bit, no tips. “It’s like Yahoo, who dared to challenge Yahoo at that time? For instance, Microsoft, at first no one dared to challenge him either.”
As for future expectations, Xiong said he would learn modestly, watching while doing, “a lot of things we have not done well, need to be strengthened.”
According to latest report published by third-party research firm-CNNIC in September this year, current brand penetrations rates in China’s search market are: Baidu (92.9%), Google (32.7%) occupying the top two, followed by sogou (26.9% ) and Yahoo (22%), Soso (13%) is the fifth.
With regard to intent to enter the international market, Xiong Minghua currently was looking for some local partners in Vietnam, India,to provide product technology to local partners to develop. But he immediately stressed that the focus of Tencent was still Chinese market, and would consider overseas markets after Chinese market development became smooth.
Alibaba is considering building a B2B joint venture in India(0)
Wei Zhe said that Alibaba had cooperations with India’s largest B2B media company-Infomedia, who was helping Alibaba to expand customers base in Indian market. There are millions of registered buyers and sellers online trading China goods on Alibaba platform.
Wei Zhe, said: “We are negotiating with them, this will be a joint venture, and Alibaba will not seek to become the controlling shareholder.” Calculated by the number of users, India is Alibabas’s second largest overseas market. Alibaba has 1 million registered users in India.
Alibaba registered users in India exceeded 1 million(0)
Over the past 1 year, Alibaba’s international marketplace (www.alibaba.com) attracted more than 40,000 small and medium enterprises in India to register per day, and the number of members in May 2008 increased from about 500,000 to more than 1 million.
Small and medium-sized Indian enterprises currently account for 12% in the total number of registered users of Alibaba international trading market, which makes India the second largest one after the United States in Alibaba international market.
Alibaba CEO Wei Zhe said, “The number of Indian members increased by 138 percent last year, is the second largest provider market after China in Alibaba’s platform. Alibaba in 2009 will be a year of investment and expansion. “
Alibaba plans to expand the depth in markets like the United States, Europe and other overseas markets.
During the visit both the nations shared the common vision of pushing through the Strategic Cooperative Partnership between the two nations. Both the premiers of the two countries agreed to promote building a cordial environment having peace and prosperity.
The economic and trade relations between the two nations is on a fast pace and the bilateral trade has surpassed dollar 51 billion mark in 2008 which is a neat 34% increase from 2007. The security and defense have also been an agenda in maintaining bilateral relations. The ?Join Hands 2008? was a joint army exercise that was successfully conducted in India ? the subject being combating terrorism. The bilateral relations between the international and regional affairs were also strengthened. Issues such global warming and eventual climate change, Doha round talks and international recession and financial crisis were also discussed amicably. Both the nations worked in a manner that they could get positive results at the G-20 meeting in Washington. The G-20 meeting was successful for both the nations and they could collect substantial amount of money.
According to President Hu Jintao, the bilateral relations between the countries are at their best. The two countries have agreed to carry out exchange programs in which the government sectors and political parties will be exchanging their views and cooperation. Even the youth of the two countries will be visiting the nation under the exchange programs. The dialogues on foreign policies, defense and security and on anti terrorism will be continued. One fascinating outcome of the whole process is that the countries are going to hold China Festival in India and India Festival in China. The celebrations will take place in 2010. The two nations have also decided to work closely on the Asian affairs.
There are certain points where both the nations have to work out in a better way. For example the number of tourists in both countries was limited to 570,000 which actually stand at a mere 0.02% of the total population of both the countries. The technical and visa constraints have to be lifted.
Both the nations are emerging economies; hence they both have extensive potential to develop further. They have to improve their trade imbalance and increase the investment levels. China accounts for a total of 0.03% of the total foreign investment in India. This level should be increased in order to create favorable ambience.
The best way to enhance the relationship and bilateral relations is to politically trust each other. Reinforcement of the exchange programs especially in the academic side, NGO?s and media, will bring about a lot of positive results. The two countries share a common interest concerning various important issues.
Since both the economies have received recognition on the international level for their efforts to sustain and contain the current global crisis, they should further talk in strengthening the cooperation between them.
Emerging Asian Countries to Watch : Cambodia India(0)
Here we list some countries to watch.
The Cambodian economy has seen rapid progress in the last decade. Per capita income, although rapidly increasing, is low compared with most neighboring countries and a large part of the country still relies on agriculture. Manufacturing output is varied but is not very extensive and is mostly conducted on a small-scale and informal basis. The service sector, driven by the country?s fairly large tourism industry based around the UNESCO World Heritage site of Angkor Wat, is heavily concentrated in catering-related services and trading activities.
Cambodia?s GDP grew an estimated 9.6 percent in 2007, about the same rate of growth the economy experienced from 2000 to 2006. Garment exports, by far Cambodia?s biggest industry, rose almost eight percent in 2007, while tourist arrivals, another big industry in the country, jumped nearly 35 percent. Foreign direct investment reached US$600 million, or about seven percent of GDP (slightly more than Cambodia received in official aid). Domestic investment, driven largely by the private sector, accounted for 23.4 percent of the GDP. Approximately 2,860 new businesses registered for operation in 2007, a 71 percent increase over 2006.
Concerned about inflation, the Cambodian government has also recently announced that it will spend more than US$300 million per year to keep gasoline and electricity prices down. “We will continue to support prices until oil drops below US$900 a ton,” Cambodian Minister of Economy and Finance Keat Chhon told the Phnom Penh Post recently.
Economic pressure from the global downturn will see Cambodia?s growth rate drop in 2008 to around 7.5 percent, reflecting a mix of growth in the services and construction industries and a slowdown in garment exports to the United States. Export growth will continue to slow as consumer spending in the United States slows and increased competition from Vietnam and the lifting of tariffs on Chinese textile exports becomes greater.
While exports will slow, Cambodia, like Vietnam and Laos, will continue to remain fertile for foreign investors interested in large infrastructure projects, as well as manufacturers and retailers focused on domestic markets.
India, the second most populous country in the world after China with a population at 1.1 billion, is currently the world?s fourth largest economy (based on purchasing power parity) and has achieved on average eight percent growth over the past three years. In the first quarter of this fiscal year, India achieved 7.9 percent growth compared to 9.2 percent the same period last year. India?s Finance Minister P. Chidambaram accrued the drop in growth rate to the overall deteriorating global conditions.
In 2007, the Asian Development Bank (ADB) agreed to provide India with up to US$500 million in loans to promote public-private partnerships to catalyze investments in infrastructure of up to US$3.5 billion.
According to the ADB, the serious lack of infrastructure is India?s Achilles? heel and is estimated to have cost the country three to four percent of the GDP annually. Funds will be channeled to the government-owned India Infrastructure Finance Co. Ltd. (IIFCL), which will provide funds at commercial terms with over 20-year maturity for infrastructure projects. This is creating funding avenues that are currently otherwise available.
The IIFCL had developed a financing plan for fiscal years 2007-2011 of US$6 billion, half of which will come from the Indian domestic market, including insurance, pension funds and the National Savings Scheme. The other half will come from international capital markets and bilateral and multilateral sources which include the ADB.
India Prime Minister Manmohan Singh recently told the Indian parliament that India, like other developing countries, was experiencing a “ripple effect” from the deepening world financial crisis and that the country “must be prepared for a temporary slowdown.” However, the Indian financial sector is tightly regulated and banks and financial institutions in the country remain well capitalized, so the sort of financial meltdowns that American and European banks have experienced is unlikely to happen.