Oil shocks, financial market crashes, localised wars and even medical emergencies like SARS pale when compared to the speed and the scale of the mayhem created by SARS-CoV-2. In recent decades the world has become far more interconnected through travel and trade, so the viral disease – medical and economic – now spreads faster than ever. Airlines carrying business and leisure-travellers have also quickly carried the virus. Businesses benefitting from lower costs and global scale are today infected deeply due to the concentration of manufacturing and trade. A common defensive action worldwide is the lock-down of cities to slow community…
Towards the end of last week, at least three such tie-ups were announced Written By Shubhomoy Sikdar While such a strategy is not entirely unprecedented, experts see the crisis as an opportunity to focus on each other’s skills Businesses, much like everything else, continue to reel under the impact of Covid-19 and the resultant preventive lockdown. Tie-ups among brands and corporations operating in seemingly unrelated or even competitive sectors seem to be one way of getting around the supply-chain challenges. While such a strategy is not entirely unprecedented, experts see the crisis as an opportunity to focus on each other’s…
T. Surendar, The Morning Context 25 March 2020 Standing on the porch of the Grand Hyatt Hotel in Mumbai suburbs, Diwakar Vaish, co-founder of Noida-based AgVa Healthcare, was trying to catch the attention of software industry executives. This is at the annual conference hosted by IT trade body Nasscom. Vaish's stall was a side-show for startups to exhibit digital technologies in the healthcare sector. On a cool, breezy February day, the atmosphere was nothing as grim you would expect in a hospital emergency ward. Vaish's rig, comprising an iPad-like device on a short steel column mounted on wheels with dangling…
Written By Saritha Rai India’s largest online retailers including Amazon.com Inc., Walmart Inc.-owned Flipkart and Alibaba-backed fresh grocery delivery service BigBasket are facing severe disruptions and shutdowns, after authorities announced some of the strictest coronavirus-related restrictions in the world. The country’s 1.3 billion people are in a three-week lockdown, sending many to scour the web for food and daily essentials. But unlike in China, where online fresh grocery services offered a lifeline during its Covid-19 outbreak, Indian authorities are stopping food trucks on highways, and shutting down warehouses and rice mills. They’re also preventing delivery and supply-chain workers from doing…
These value fashion retailer, however, must tackle pricing as well as infrastructure hurdles Written By Devika Singh The value retail market in India is estimated to be worth Rs 400 crore, according to industry experts Having established a strong foothold in the tier II and III markets — which contribute over 75% to their revenues — value retailers such as V-Mart, V-Bazaar, 1-India Family Mart and Citykart are testing the waters in tier IV markets. According to industry experts, the value retail market in India is estimated to be worth Rs 400 crore, with organised players commanding merely 12.5% share.…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
