September 30, 2020

Reliance future deal may boost retail

Shyamasri Bandyopadhyay: Ensuing competition among biggies may benefits MSMEs contributing to the supply chain.

With Big Bazaar and other mass-appreal fashion and food retail brands of the future group in its kitty,

Reliance Retail is now battle reay to take on other organized retail biggies such as Amazon and walmart-Flipkart,

who have made significant investments in India leading to siezable presence.

According to Rajesh Srivastava,

former CEO JK Helene Curtis and author of ‘The New Rules Of Business,

Amazon-ranked among the top 5 innovative companies globally will come up with an innovative solution to keep growing its business in India.

He said since COVID-19 had already made people familiar and dexterous with whatsapp,

the Reliance-Facebook combination will take a leaf out of WeChat and will integrate buying and payments into a seamless experience.

”this will accelerate the movement towards organized retail”,he said.

According to consumer analyst Sachin Taparia,

Reliance,With Future Group’s assets in the bag,may improve its logistics and speed of fulfillment.

PAYTM

GOOGLE PAY