How Online Ordering System For Grocery Stores Affects Grocery Retailers In India
Online grocery ordering systems are becoming a trend in India. Online grocery stores like Grofers and BigBasket make it easier for customers to purchase items without going to the store. , online grocery orders make up about 30% of all online retail sales in India, as reported by Bloomberg Business week Online.
Online ordering system for grocery stores is helping retailers reduce costs and increase revenue while giving customers an alternative way to shop for their groceries.
This blog post will discuss how the online ordering system for grocery stores affects Grocery retailers in India.
The online grocery store industry in India:
Companies like Reliance and BigBasket have invested heavily in making grocery an impulse purchase, leading to projections of over $18 billion by 2024. Online grocery stores also have the advantage of not needing to optimize their store locations. Online ordering system for grocery stores allows them to serve customers spread out across India, as long as they can access a computer or mobile device with internet connectivity.
The eGrocery market has grown from 2020 and is expected to grow until 2021, according to the latest data provided by a consulting firm called RedSeer. Online grocery stores are on the rise because they offer customers more options and convenience. Online ordering systems for grocery stores also allow retailers to provide a broader range of goods at competitive prices, an advantage over brick-and-mortar retailers who need to invest in storage facilities.
How it affects the retail industry:
Online grocers app like Amazon, too, have started experimenting with online grocery deliveries in select cities such as Delhi, Mumbai, and Bangalore, where the market is still in its infancy. Online grocery stores can give these retailers a much-needed advantage over traditional food and department store chains, often seen as offering more limited services.
Online grocery sales are not showing any signs of slowing down. Thanks to the recent pandemic- Covid-19, more Indians are adopting online ordering for their groceries. The market is expected to grow by 30% yearly as more customers search for ways to avoid going out in public.
The latest Reliance takeover of Future Group’s retail business is sweeping consolidation that will affect the Indian grocery sector. In terms of grocery retail, the revenue of Reliance Retail in FY20 was Rs 346 billion, and that of Future Retail’s annualized revenue for FY20 was Rs 100 billion.
According to a study, online ordering systems for grocery stores will be the most invested in the category over the next five years.
Why people are ordering groceries online:
The convenience of ordering groceries online is a big reason for the increase in demand. Online grocery stores offer delivery on the same day or within three hours, making it easier to avoid going out and finding parking at other shopping centers.
In many cases, consumers can save money by spending less time driving around looking for items that are typically only carried in physical stores. Online ordering system for grocery stores also offers more convenience because customers can shop from their homes or offices.
Online Grocery Ordering System makes it easier for retailers to reduce costs and increase revenue while giving customers an alternative way to shop for their groceries.
What is the future of this business, and does it have the potential to grow in India:
Online Grocery stores will grow in India because they offer customers more options and convenience. Online Ordering systems for grocery stores also allow retailers to provide a broader range of goods at competitive prices, which is an advantage over brick-and-mortar retailers who need to invest in storage facilities. Online grocery orderings system has the potential to impact offline grocery stores due to the preference of customers for Online Ordering System that offers convenience and cost-effectiveness. The online grocery store is a good choice because it can offer more products than traditional supermarkets, limiting their stock based on shelf space.
The future of Online Grocery Stores in India looks bright with increasing adoption rates.
Steps that can be taken by retailers to combat this trend :
Retailers need to invest in Online Ordering System for grocery stores, which will create a “balance” between Online Grocery and offline groceries. Online grocery stores have the potential to impact offline grocery stores due to preference of customers for Online Ordering System that offers convenience and cost-effectiveness
Some Indian retailers are trying out different strategies to see what works. Online grocery stores are a good choice because they can offer more products than traditional supermarkets, limiting their stock based on shelf space.
The Future of Online Grocery Stores in India looks bright with increasing adoption rates. Online Ordering System for grocery stores gives retailers an opportunity to compete against each other and the competitors in Online grocery stores.
Ordering Systems for Online Grocery Stores are on the Rise in India!
Online grocery has been a growing trend that is expected to stay strong. Online grocery stores offer more convenience and savings, which may be contributing to their popularity. Retailers need to invest in Online Ordering systems to survive this trend and take advantage of its potential.
With Phygital24’s grocery mobile ordering system, customers can order from anywhere at any time. We take care of all of the details so that your business runs smoothly. Ordering groceries has never been easier!
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