The Big Switch, No Hitch! Online Grocery Stores for a Hassle-free Household!
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Transcript of The Big Switch, No Hitch! Online Grocery Stores for a Hassle-free Household!
The Big Switch, No Hitch!Online Grocery Stores for a Hassle-free Household!
The Changing Lifestyles
• New way of living & shopping • Generations rushing to e-shopping
Sales Estimates -2017
• Holiday season sales reached about $1 trillion • Out of which a huge percentage is online shopping
B2C model of business ..
• Direct communication between customer & business
• To the benefit of both
Challenges of eGrocery Store
• Maintaining Inventory• Avoiding out of stock situations• Competing with Brick & Mortar Stores
Benefits of eGrocery Store
• 24*7 shopping on the go• Shopping anytime-anywhere• Instant updates on the latest offers • Notifications about product arrivals
Competing the Brick & Mortar Stores
•Constantly collect customer feedbacks, reviews & ratings•Analyze the Happenings in the e-Store •Enable personalization•Analyze competition
E-commerce – Future Projections
•E-Commerce market to double in China•US has been leading in e-Commerce purchases•Mobile is the future of e-Commerce•Desktop, handheld or smartphone is important to the e-Commerce •Chatbots will drive the future of online store development•Facebook added in-app purchase feature on the messenger platform•E-Commerce spending in US will exceed 600 billion by 2020•In future more and more startups plunging in the e-Commerce chain
Virtual Stores on the Block
Amazon Groceries & Gourmet
Google Express
Tesco
Walmart
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