COVID-19
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E-commerce firms step up efforts to protect associates, ensure deliveries: Report
With night curfews and weekend lockdowns driving bigger orders for e-commerce companies, these online platforms are stepping up efforts to protect their associates, including delivery staff, and ensure safe delivery of orders to customers. According to senior executives in...
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Indian economy may clock double-digit growth in 2021 but retail activity down 25% in April: Moody’s
The second wave of COVID-19 infections presents a risk to India's growth forecast as the reimposition of measures to curb the spread of the virus will hit economic activity, but a double-digit GDP growth is likely in 2021 given the low...
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Gems, jewellery exports drop 25.71 pc in FY21: GJEPC
The overall gems and jewellery exports declined by 25.71 per cent to Rs 1,85,952.34 crore during 2020-21, compared to the previous financial year, on account of COVID-related disruptions, industry body GJEPC said on Monday. The gross gems and jewellery exports during 2019-20 stood at Rs 2,50,319.89 crore,...
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FMCG firms apply 2020 pandemic learnings for minimal disruption
Amid surging COVID-19 cases in the country, FMCG companies say they are applying learnings from the last year when nationwide and several localised lockdowns impacted their manufacturing and supply chain, to mitigate impact of any future disruption. Emami Ltd Director Harsha V Agarwal said based...
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E-commerce boom reveals shortcomings of local payment methods in emerging economies
One year into the COVID-19 pandemic saw a tremendous expansion of cross-border e-commerce as consumers continue to seek products and brands unavailable in their home country. The virus outbreak played a key role in increasing the number of the e-commerce users with 57%...
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Past lessons handy as e-comm firms assure smooth deliveries in lockdown
E-commerce companies have said they are well prepared and working closely with delivery partners to ensure smooth and safe delivery of packages in Maharashtra where the government has announced a slew of restrictions, including night curfews and weekend lockdown to...
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China and US to generate 60% of global e-commerce sales in 2021
The ongoing COVID-19 lockdowns continue fueling the explosive growth of the e-commerce market, as millions of consumers worldwide shifted from brick-and-mortar stores to webshops.According to data presented by TradingPlatforms.com, the revenue of the global e-commerce industry is expected to jump...
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High Street – The New Kid on The Shopping Block
The COVID-19 pandemic has altered the shopping behaviour of consumers globally. The gradual opening of the economy in Unlock 1.0 in June 2020 didn't immediately see shoppers flocking to markets and malls but eventually the pent up demand seen...
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India should have done more to protect jobs in all sectors, including retail: McKinsey Partner
While speaking at an event organised by industry lobby grouping CII, Alok Kshirsagar, a senior partner with McKinsey & Company, said India should have done more to protect employment in some way, shape or form during the COVID-19 pandemic.Analysts...
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Reduce store timings in place of lockdown in Maharashtra: CAIT
Traders' body CAIT on Monday suggested Maharashtra Chief Minister Uddhav Thackeray to reduce shop timings from 11 am to 5 pm instead of imposing full lockdown to control surging coronavirus cases. The Confederation of All India Traders (CAIT) said that though steep increase in COVID-19 cases...
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Phoenix Palladium, Mumbai welcomes 4 new brands
The newly launched brands include Lifestyle, Celio, Ecco, and San-Cha Tea Boutique Bengaluru: Phoenix Palladium Mall in Mumbai, operated by...
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