In the January-March 2021 period, FMCG sales growth from the traditional trade channels jumped to double digits, while growth in e-commerce normalized down to single digits in the January-March quarter.
The overall fashion industry is currently on a red alert with a financial crisis looming and retail brands are now, more than ever, required to pivot their marketing strategies to navigate through the crisis.
There is an opportunity for organized cold storage or 'palettized' cold storage in tier-I cities like Mumbai, Delhi-NCR, Bengaluru, Chennai, Pune, Kolkata, Hyderabad as well as tier-II cities like Lucknow, Kanpur, Ranchi, Patna, among others.
Reliance Retail acquired the 29 stores of Shri Kannan Departmental Store at the end of FY2019 and in August 2020 announced it would acquire Future Group's retail, wholesale, and logistics units for $3.4 billion.
An individual's desires to feel relaxed, and have some leisure time for himself/ herself can only be curbed to an extent, the brands as well as customers evolved in terms of their offerings and demands, respectively.
The food processing industry is one of the mainstays of the global economy with value addition of $1.7 trillion. Also, the Indian processed food market is expected to grow to $470 billion by 2025 from $263 billion (2019-20).