BUSINESS
COVID-19 impact | Earnings reports paint a bleak picture of discretionary product consumption
Supply-chain issues have already started to crop up due to arbitrary lockdown across the country, where restrictions vary from state to state and at times even district to district.
BUSINESS
The impact of the second wave will not be as bad as the last year: HUL CMD Sanjiv Mehta
BUSINESS
Tata-BigBasket deal to intensify competition in online grocery space
There is a lot to play for in the Indian online grocery space, which accounts for only 0.7 percent of the country’s $850-billion grocery market.
BUSINESS
Over a million jobs at stake in garment manufacturing sector due to lockdown: CMAI president
The apparel space lost about 20-25 percent jobs in the lockdown last year, says Clothing Manufacturers Association of India.
BUSINESS
Kirana shops in states under COVID-induced lockdowns face a supply crunch
FMCG companies are striving hard to maintain supplies but general stores are facing a scarcity because of logistics, manpower, and regulatory challenges. The situation can deteriorate if lockdowns are extended.
BUSINESS
2020 hindsight: As Covid wave intensifies, FMCG companies ramp up supplies to retailers and distributors
Last year, FMCG products vanished from retail shelves as consumers scrambled to hoard products after the government announced a nationwide lockdown. Anticipating a similar spike in demand, companies such as Cargill, CavinKare and Parle Products have ensured their distributors and retailers are fully stocked up this time around.
INDIA
Lockdown tales: A Chhattisgarh town survives 10 days without daily essentials
To fight the second wave of COVID-19, several districts in the state have announced draconian lockdowns, sending its poor population scrambling for basic supplies
BUSINESS
Lockdown blues: E-commerce, logistics players grapple with delivery challenges
Industry estimates that e-commerce order volumes have dropped by over 50% because of varying restrictions on non-essential goods but experts are optimistic that the sector will bounce back with strong growth like it did last year when the economy reopened after the lockdowns.
TRENDS
COVID-19 2nd wave: New restrictions, lockdowns put malls in tight spot
As state governments impose a fresh set of curbs, shopping malls take it on the neck; employees face the axe, footfalls slip and there appears to be little by way of relief measures, unlike in 2020.
