Kiranas in crisis, disruption tough to reverse, fears FMCG
Industry executives said small outlets are also feeling the pinch because distributors are dealing in cash and not offering 7-21 days of credit as before. The industry fears these closures may further delay the recovery of the market.
FMCG companies take direct route to customer homes
Consumer goods companies have started selling products directly to consumers.
Processed foods body writes to Harsimrat Badal; asks for GST reduction ahead of meet
Industry body All India Food Processors Association (AIF...
India Inc faces big shortage of workers
With workers in short supply, firms are going all out to hire people from nearby villages as well as far-off states, offering extra wages, bonus, food, transportation facilities and other support such as providing 15-day isolation facilities for entry into states that require mandatory quarantine.
Covid creates new class of insiders
Office IT departments have access to content of video meetings run on company infrastructure.
Sensex falls 242 points on jump in coronavirus cases; financials top drags
India recorded 89 deaths in last 24 hours, one of the highest since the coronavirus pandemic.
Items dependent on imports to be in short supply in Delhi markets if lockdown continues: Panel
The panel said items of particular brands such as shampoos, moisturizers, biscuits, sanitizers and cigarettes are in short supply in the city markets. Some of the products of reputed companies may not be available on the shelves, resulting in an increase in sale of small and homemade brands, it said.
Credit in quarantine, distributors deal in cash
Distributors of consumer goods, electronics, smartphones and cooking oils have started dealing only in cash instead of the usual practice of offering up to three weeks of credit as they fear defaults by small retailers during the business downturn.
Covid-19: Consumers avoid purchase of non vegetarian food items
The fast moving consumer goods industry clocked a decline 34% in April in terms of value compared to the sales in the months of December, January and February, due to the Covid-19 led lockdown. While modern trade saw a value growth of 5%, value growth in the traditional trade channel dropped by 38%.
Covid impact: Contract employees first in line of fire
Companies in finance, insurance, retail and FMCG squeeze out contract employees.
Why India needs to go vocal for local stores
Kiranas are not only the backbone of the supply chain management but also an essential part of our economy.
Grocery sales rise & fall with lockdown fears
Sales of fast moving consumer goods grew 79% during fourth week of March when the government first ordered a nationwide lockdown for 21 days, according to Kantar Worldpanel, a global consumer research firm owned by communications and advertising giant WPP.
People resorted to panic buying during announcement of lockdown or its extension
Fast moving consumer goods grew 79% during fourth week of March when the government first ordered a nationwide lockdown for 21 days.
Top multinationals from HUL to Apple brace for rising online sales post Covid-19
LG, Samsung, Vivo and Xiaomi are also rolling out hyperlocal sales platforms that will connect their offline stores to consumers searching products online so that the outlet nearest to the consumer can deliver the order, industry executives said.
FMCG stocks have recovered faster and are likely to continue to grow: Milind Karmarkar
Q1 is all about survival, Q2 will be about revival and we may start seeing some return to normalcy from Q3 onwards, says Head-Research, Dala...