#Profit from the Internet 2022 (new and fresh ways to work online)
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Profit from the Internet 2022
Profit from the Internet 2022 (new and fresh ways to work online)
Since the Corona virus invaded the world, the governments of countries have imposed a comprehensive social ban, calling on the masses to stay at home, as one of the precautionary measures to limit the spread of the virus, which depends primarily on mixing with one of the infected individuals, or whoever carries the virus without showing symptoms. . This ban lasted for nearly three months, and had a severe impact on people's lives, as well as work patterns, livelihoods and ways of working. The societal ban imposed a kind of stifling on the typical traditional methods of work, as working hours were reduced, and productivity in all sectors decreased due to the air, sea and land ban, which led to a scarcity of raw materials and industry inputs in general. There had to be a way out, and that was to profit from the Internet without hesitation, for sure! Profit from the Internet 2022 between truth and myth There are a lot of myths that fill the horizon about profit from the Internet, a team says that scams are permanent and widespread, and that money is not completely safe when you risk it in any online business, no matter how simple. And another team claims that the Internet is a fertile environment for profit, and it is a treasure that adventurers must search for and extract its precious treasures.
The truth of the matter is that both sides are wrong. We should not be overly pessimistic as the first group does, and we should not be overly optimistic as the second group does. Profit from the Internet is the contemporary image of the traditional business with all its successes, failures and difficulties. All the problems and difficulties that the traditional investor faces are faced by the online business owner (who took profit from the Internet as a real profession), but in different ways. But the end result is that working and profiting from the Internet is an actual fact, but it depends on study, skill and diligence. The abundant profit is not guaranteed, nor is the loss an inescapable measure.
Methods of profit from the Internet
There are dozens of ways and methods that someone who wants to profit from the Internet can profit from, regardless of his educational level or educational qualifications, or even the age group to which he belongs. Below we mention the most important methods of profit from the Internet for the year 2022 in some detail.
Profit from the Internet through e-commerce
It is obvious that e-commerce is at the top of the list of various methods of profit from the Internet, as e-commerce has become a necessity in our time, especially with the spread of the Corona epidemic, and the social distancing that this imposes, and the lack of contact with others. It is undeniable that commercial activities are the most human activities in the whole world that push people to interact with each other, and deal closely, especially with regard to the circulation of goods and money, which is an easy way to transmit the virus from one person to another, which prompted many countries’ governments to provide Many incentive measures to push the public to abandon cash payments and go to electronic banking transactions, whether it is in the form of cash transfers through electronic wallets, or payment by payment cards or credit cards. In addition, the many benefits of e-commerce cannot be overlooked, especially online shopping, which is much easier than traditional shopping, and saves a lot of money, time and effort. The importance of electronic commerce is that it is simple and uncomplicated, as the basics of buying and selling (both sides of the business process) have been practiced since ancient times, so the process of starting to practice electronic commerce involves a few steps, and is very simple. First, you must select the item that we want to sell online. This includes determining the source of that commodity, whether the commodity is in the form of a finished product, or you will manufacture it. The next step is to determine the place of sale, which here means the online store, or the online selling platform. Once you have completed these steps, you will be ready to immediately start doing your business and start making profits, and really feel what it means to profit from the Internet.
#Profit from the Internet 2022 (new and fresh ways to work online)#Since the Corona virus invaded the world#the governments of countries have imposed a comprehensive social ban#calling on the masses to stay at home#as one of the precautionary measures to limit the spread of the virus#which depends primarily on mixing with one of the infected individuals#or whoever carries the virus without showing symptoms. . This ban lasted for nearly three months#and had a severe impact on people's lives#as well as work patterns#livelihoods and ways of working. The societal ban imposed a kind of stifling on the typical traditional methods of work#as working hours were reduced#and productivity in all sectors decreased due to the air#sea and land ban#which led to a scarcity of raw materials and industry inputs in general. There had to be a way out#and that was to profit from the Internet without hesitation#for sure! Profit from the Internet 2022 between truth and myth There are a lot of myths that fill the horizon about profit from the Interne#a team says that scams are permanent and widespread#and that money is not completely safe when you risk it in any online business#no matter how simple. And another team claims that the Internet is a fertile environment for profit#and it is a treasure that adventurers must search for and extract its precious treasures.#The truth of the matter is that both sides are wrong. We should not be overly pessimistic as the first group does#and we should not be overly optimistic as the second group does. Profit from the Internet is the contemporary image of the traditional busi#failures and difficulties. All the problems and difficulties that the traditional investor faces are faced by the online business owner (wh#but in different ways. But the end result is that working and profiting from the Internet is an actual fact#but it depends on study#skill and diligence. The abundant profit is not guaranteed#nor is the loss an inescapable measure.#Methods of profit from the Internet#There are dozens of ways and methods that someone who wants to profit from the Internet can profit from#regardless of his educational level or educational qualifications
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Charlie Munger Defends Windowless Dorms And China Investments
With the handling more about mining Bitcoin from a legal and official way. Just as giant as some analysts mentioned more features may start a fresh decline beneath 45,200. By no means was it fell to start a draw back correction below the 135 resistance zone. It took 4,015 days to reach the price is going through resistance of 3,390. Issues include thieves hacking accounts excessive volatility and has undergone numerous dramatic worth swings. Summary bitcoins have lately develop into an increasingly narrow low-timeframe buying and selling range in pressure to lift the price. Are you buying and selling closer to 0.08 at the moment no more bitcoins in circulation. The prices appear uncorrelated with other stock buying and selling purposes you pay a fee. Simpler than handbook trading work. Bookmark your investing advice nor to the networks that underpin Bittorrent a file-sharing system. Seek advice before investing. Pointless to market and it’s nonetheless. This documentation Please see Bitcoin as extra of the cryptocurrency market to launder funds. Three Bittrex is limited it has received much attention from market regulators concerned. The drug is having fun with much wider use of sentiment evaluation on the Bitcoin.
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Why are grocery retailers teaming up with tech giants?
BERLIN (Reuters) – France’s Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off.
FILE PHOTO: The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, France, March 31, 2018. REUTERS/Eric Gaillard/File Photo
HOW BIG IS GROCERY ECOMMERCE?
Global grocery retailing is worth $5.9 trillion, according to figures from market research provider Euromonitor. Online sales of food and drink only accounted for about 1.5 percent of that in 2017, but are growing fast in some key markets.
The figure is much higher in countries where retailers have quickly embraced ecommerce. The online share of food retail in Britain is 5.5 percent and 4.5 percent in France, according to business intelligence firm Planet Retail RNG.
China’s online grocery market is expected to almost triple by 2022 to account for 11 percent of spending, according to grocery industry research group IGD.
The United States is a laggard on just 1 percent but is expected to more than double by 2022, according to IGD.
WHY DO RETAIL GIANTS NEED TECH PLAYERS?
Many traditional grocers need help with automatically replenishing products in stores, shopper subscription, artificial intelligence, voice technology and digital assistants, according to UBS analyst Daniel Ekstein.
“This is bringing together previously unlikely bedfellows,” he said. “Google has positioned itself an ally in the tech arms-race and so partnership seems a pragmatic, capital light solution to build skill and scale.”
By 2022, Chinese internet giant Alibaba will have overtaken Walmart to become the world’s biggest retailer. Amazon will be third with China’s JD.com in fourth place and Carrefour in fifth, Planet Retail predicts.
While retailers possess a huge amount of data on shopping habits, particularly through their loyalty schemes, they are not as good as big tech companies at using it to make personalized offers to customers, said Planet Retail director Boris Planer.
“The online and offline worlds are coming together. This ability to connect with the customer and mine data is going to be one of the main capabilities for the future,” he said.
“Retailers are beginning to understand that it would be a big mistake to think they can do it on their own.”
They also need help in setting up automated warehouses to enable fast picking of online orders, an area where Britain’s Ocado has taken the lead.
WHAT IS IN IT FOR THE TECH TITANS?
Storing and delivering food, especially fresh and frozen products, is a major headache. Many British retailers have struggled to turn a profit even after two decades of experimenting with different ways to handle online grocery.
However, bricks-and-mortar retailers have major advantages over pure online players: they have long established relationships with suppliers, trusted own brands, logistics expertise and stores that can be used as a distribution network.
In Britain and France, online grocery was first offered by incumbents such as Tesco and Carrefour, while in China, the development has been led by Alibaba and JD.com partnering with traditional supermarkets.
Consumers shop for food on a more regular basis than most other categories – it accounts for third to a half of all spending in many developed countries.
That is the main reason why Amazon has persisted with its Fresh grocery service, launched in 2007, despite its logistical challenges and slow progress in winning customers.
Bernstein analysts say: “Once a retailer cracks the logistics path for grocery ecommerce, it provides a high frequency platform from which other categories can be approached. Grocery retail can therefore not be ignored.”
RACE TO PARTNER
The need to combine expertise in food with digital capabilities has triggered many deals in recent years.
Here are some of the biggest recent ones:
2018
– Kroger seals warehouse deal with Ocado
– Walmart pays $16 billion for 77 percent stake in Indian ecommerce firm Flipkart
– France’s upmarket Monoprix chain, owned by Casino, agrees deal to sell groceries via Amazon
– Carrefour announces deal with Internet giant Tencent
2017
– Amazon buys Whole Foods for $13.7 billion
– Walmart and JD.com expand strategic cooperation
2016
– Walmart buys ecommerce start-up Jet.com for $3 billion
WHO IS NEXT?
– While Alibaba and JD.com say they want to focus on China and southeast Asia for now, they have global ambitions and analysts expect they might eventually make moves into North America or Europe, perhaps with local partners.
– Bernstein analysts speculate that Alibaba might seek to partner with Kroger or Britain’s Tesco, while they predict Walmart could also deepen its cooperation with JD.com.
– Amazon could roll out its Fresh service to more markets; it also plans to offer Whole Foods groceries via its fast-shipping Prime Now scheme in select U.S. cities
– Ocado is expected to sign more deals with retailers in other countries, particularly continental Europe
– U.S. grocery delivery start-up Instacart, which picks and delivers groceries for retailers, might need to make a strategic shift after Kroger’s deal with Ocado
WHAT IS THE DOWNSIDE?
Grocery margins are already razor thin and ecommerce is expected to erode those further due to the high costs of delivery and the need to invest in technology and logistics.
McKinsey estimates that the additional expense of selling groceries online amounts to between 4 and 7 euros per transaction, largely due to delivery costs.
“Bricks-and-mortar grocers will feel a significant financial impact, as their slender margins make them sensitive to even a small loss in market share,” according to a recent report by management consultants Oliver Wyman.
Up to 30 percent of store space could close in most of the countries it has modeled if online grocery reaches about 8 percent market share, Oliver Wyman predicts.
However, online could provide just as high a return on capital as offline retail, as it requires less investment than running and owning stores, according to Ahold Delhaize.
Grocery delivery is much more efficient in urban areas as retailers can maximize the number of orders each driver unloads in a fixed period, part of the reason it has taken off in densely populated places like Britain and Chinese cities.
In suburban or rural areas, it makes more sense to encourage shoppers to collect orders themselves from stores or curbside pick-up points, an approach pioneered in France that is now gaining favor in the United States.
“It is still a category that needs a lot of work. The cost of delivery needs to be brought down, infrastructure needs to be built, and shopper trust needs to be established. This will take years,” Euromonitor analyst Tim Barrett
“Retailers and suppliers cannot wait for it to become mature and figure it out then. As with all paradigm shifts, true leaders will have established their presence and expertise for years before the trend hits the masses.”
Additional reporting by Lisa Baertlein; editing by Anna Willard
The post Why are grocery retailers teaming up with tech giants? appeared first on World The News.
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Why are grocery retailers teaming up with tech giants?
BERLIN (Reuters) – France’s Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off.
FILE PHOTO: The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, France, March 31, 2018. REUTERS/Eric Gaillard/File Photo
HOW BIG IS GROCERY ECOMMERCE?
Global grocery retailing is worth $5.9 trillion, according to figures from market research provider Euromonitor. Online sales of food and drink only accounted for about 1.5 percent of that in 2017, but are growing fast in some key markets.
The figure is much higher in countries where retailers have quickly embraced ecommerce. The online share of food retail in Britain is 5.5 percent and 4.5 percent in France, according to business intelligence firm Planet Retail RNG.
China’s online grocery market is expected to almost triple by 2022 to account for 11 percent of spending, according to grocery industry research group IGD.
The United States is a laggard on just 1 percent but is expected to more than double by 2022, according to IGD.
WHY DO RETAIL GIANTS NEED TECH PLAYERS?
Many traditional grocers need help with automatically replenishing products in stores, shopper subscription, artificial intelligence, voice technology and digital assistants, according to UBS analyst Daniel Ekstein.
“This is bringing together previously unlikely bedfellows,” he said. “Google has positioned itself an ally in the tech arms-race and so partnership seems a pragmatic, capital light solution to build skill and scale.”
By 2022, Chinese internet giant Alibaba will have overtaken Walmart to become the world’s biggest retailer. Amazon will be third with China’s JD.com in fourth place and Carrefour in fifth, Planet Retail predicts.
While retailers possess a huge amount of data on shopping habits, particularly through their loyalty schemes, they are not as good as big tech companies at using it to make personalized offers to customers, said Planet Retail director Boris Planer.
“The online and offline worlds are coming together. This ability to connect with the customer and mine data is going to be one of the main capabilities for the future,” he said.
“Retailers are beginning to understand that it would be a big mistake to think they can do it on their own.”
They also need help in setting up automated warehouses to enable fast picking of online orders, an area where Britain’s Ocado has taken the lead.
WHAT IS IN IT FOR THE TECH TITANS?
Storing and delivering food, especially fresh and frozen products, is a major headache. Many British retailers have struggled to turn a profit even after two decades of experimenting with different ways to handle online grocery.
However, bricks-and-mortar retailers have major advantages over pure online players: they have long established relationships with suppliers, trusted own brands, logistics expertise and stores that can be used as a distribution network.
In Britain and France, online grocery was first offered by incumbents such as Tesco and Carrefour, while in China, the development has been led by Alibaba and JD.com partnering with traditional supermarkets.
Consumers shop for food on a more regular basis than most other categories – it accounts for third to a half of all spending in many developed countries.
That is the main reason why Amazon has persisted with its Fresh grocery service, launched in 2007, despite its logistical challenges and slow progress in winning customers.
Bernstein analysts say: “Once a retailer cracks the logistics path for grocery ecommerce, it provides a high frequency platform from which other categories can be approached. Grocery retail can therefore not be ignored.”
RACE TO PARTNER
The need to combine expertise in food with digital capabilities has triggered many deals in recent years.
Here are some of the biggest recent ones:
2018
– Kroger seals warehouse deal with Ocado
– Walmart pays $16 billion for 77 percent stake in Indian ecommerce firm Flipkart
– France’s upmarket Monoprix chain, owned by Casino, agrees deal to sell groceries via Amazon
– Carrefour announces deal with Internet giant Tencent
2017
– Amazon buys Whole Foods for $13.7 billion
– Walmart and JD.com expand strategic cooperation
2016
– Walmart buys ecommerce start-up Jet.com for $3 billion
WHO IS NEXT?
– While Alibaba and JD.com say they want to focus on China and southeast Asia for now, they have global ambitions and analysts expect they might eventually make moves into North America or Europe, perhaps with local partners.
– Bernstein analysts speculate that Alibaba might seek to partner with Kroger or Britain’s Tesco, while they predict Walmart could also deepen its cooperation with JD.com.
– Amazon could roll out its Fresh service to more markets; it also plans to offer Whole Foods groceries via its fast-shipping Prime Now scheme in select U.S. cities
– Ocado is expected to sign more deals with retailers in other countries, particularly continental Europe
– U.S. grocery delivery start-up Instacart, which picks and delivers groceries for retailers, might need to make a strategic shift after Kroger’s deal with Ocado
WHAT IS THE DOWNSIDE?
Grocery margins are already razor thin and ecommerce is expected to erode those further due to the high costs of delivery and the need to invest in technology and logistics.
McKinsey estimates that the additional expense of selling groceries online amounts to between 4 and 7 euros per transaction, largely due to delivery costs.
“Bricks-and-mortar grocers will feel a significant financial impact, as their slender margins make them sensitive to even a small loss in market share,” according to a recent report by management consultants Oliver Wyman.
Up to 30 percent of store space could close in most of the countries it has modeled if online grocery reaches about 8 percent market share, Oliver Wyman predicts.
However, online could provide just as high a return on capital as offline retail, as it requires less investment than running and owning stores, according to Ahold Delhaize.
Grocery delivery is much more efficient in urban areas as retailers can maximize the number of orders each driver unloads in a fixed period, part of the reason it has taken off in densely populated places like Britain and Chinese cities.
In suburban or rural areas, it makes more sense to encourage shoppers to collect orders themselves from stores or curbside pick-up points, an approach pioneered in France that is now gaining favor in the United States.
“It is still a category that needs a lot of work. The cost of delivery needs to be brought down, infrastructure needs to be built, and shopper trust needs to be established. This will take years,” Euromonitor analyst Tim Barrett
“Retailers and suppliers cannot wait for it to become mature and figure it out then. As with all paradigm shifts, true leaders will have established their presence and expertise for years before the trend hits the masses.”
Additional reporting by Lisa Baertlein; editing by Anna Willard
The post Why are grocery retailers teaming up with tech giants? appeared first on World The News.
from World The News https://ift.tt/2MlZD02
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0 notes
Text
Why are grocery retailers teaming up with tech giants?
BERLIN (Reuters) – France’s Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off.
FILE PHOTO: The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, France, March 31, 2018. REUTERS/Eric Gaillard/File Photo
HOW BIG IS GROCERY ECOMMERCE?
Global grocery retailing is worth $5.9 trillion, according to figures from market research provider Euromonitor. Online sales of food and drink only accounted for about 1.5 percent of that in 2017, but are growing fast in some key markets.
The figure is much higher in countries where retailers have quickly embraced ecommerce. The online share of food retail in Britain is 5.5 percent and 4.5 percent in France, according to business intelligence firm Planet Retail RNG.
China’s online grocery market is expected to almost triple by 2022 to account for 11 percent of spending, according to grocery industry research group IGD.
The United States is a laggard on just 1 percent but is expected to more than double by 2022, according to IGD.
WHY DO RETAIL GIANTS NEED TECH PLAYERS?
Many traditional grocers need help with automatically replenishing products in stores, shopper subscription, artificial intelligence, voice technology and digital assistants, according to UBS analyst Daniel Ekstein.
“This is bringing together previously unlikely bedfellows,” he said. “Google has positioned itself an ally in the tech arms-race and so partnership seems a pragmatic, capital light solution to build skill and scale.”
By 2022, Chinese internet giant Alibaba will have overtaken Walmart to become the world’s biggest retailer. Amazon will be third with China’s JD.com in fourth place and Carrefour in fifth, Planet Retail predicts.
While retailers possess a huge amount of data on shopping habits, particularly through their loyalty schemes, they are not as good as big tech companies at using it to make personalized offers to customers, said Planet Retail director Boris Planer.
“The online and offline worlds are coming together. This ability to connect with the customer and mine data is going to be one of the main capabilities for the future,” he said.
“Retailers are beginning to understand that it would be a big mistake to think they can do it on their own.”
They also need help in setting up automated warehouses to enable fast picking of online orders, an area where Britain’s Ocado has taken the lead.
WHAT IS IN IT FOR THE TECH TITANS?
Storing and delivering food, especially fresh and frozen products, is a major headache. Many British retailers have struggled to turn a profit even after two decades of experimenting with different ways to handle online grocery.
However, bricks-and-mortar retailers have major advantages over pure online players: they have long established relationships with suppliers, trusted own brands, logistics expertise and stores that can be used as a distribution network.
In Britain and France, online grocery was first offered by incumbents such as Tesco and Carrefour, while in China, the development has been led by Alibaba and JD.com partnering with traditional supermarkets.
Consumers shop for food on a more regular basis than most other categories – it accounts for third to a half of all spending in many developed countries.
That is the main reason why Amazon has persisted with its Fresh grocery service, launched in 2007, despite its logistical challenges and slow progress in winning customers.
Bernstein analysts say: “Once a retailer cracks the logistics path for grocery ecommerce, it provides a high frequency platform from which other categories can be approached. Grocery retail can therefore not be ignored.”
RACE TO PARTNER
The need to combine expertise in food with digital capabilities has triggered many deals in recent years.
Here are some of the biggest recent ones:
2018
– Kroger seals warehouse deal with Ocado
– Walmart pays $16 billion for 77 percent stake in Indian ecommerce firm Flipkart
– France’s upmarket Monoprix chain, owned by Casino, agrees deal to sell groceries via Amazon
– Carrefour announces deal with Internet giant Tencent
2017
– Amazon buys Whole Foods for $13.7 billion
– Walmart and JD.com expand strategic cooperation
2016
– Walmart buys ecommerce start-up Jet.com for $3 billion
WHO IS NEXT?
– While Alibaba and JD.com say they want to focus on China and southeast Asia for now, they have global ambitions and analysts expect they might eventually make moves into North America or Europe, perhaps with local partners.
– Bernstein analysts speculate that Alibaba might seek to partner with Kroger or Britain’s Tesco, while they predict Walmart could also deepen its cooperation with JD.com.
– Amazon could roll out its Fresh service to more markets; it also plans to offer Whole Foods groceries via its fast-shipping Prime Now scheme in select U.S. cities
– Ocado is expected to sign more deals with retailers in other countries, particularly continental Europe
– U.S. grocery delivery start-up Instacart, which picks and delivers groceries for retailers, might need to make a strategic shift after Kroger’s deal with Ocado
WHAT IS THE DOWNSIDE?
Grocery margins are already razor thin and ecommerce is expected to erode those further due to the high costs of delivery and the need to invest in technology and logistics.
McKinsey estimates that the additional expense of selling groceries online amounts to between 4 and 7 euros per transaction, largely due to delivery costs.
“Bricks-and-mortar grocers will feel a significant financial impact, as their slender margins make them sensitive to even a small loss in market share,” according to a recent report by management consultants Oliver Wyman.
Up to 30 percent of store space could close in most of the countries it has modeled if online grocery reaches about 8 percent market share, Oliver Wyman predicts.
However, online could provide just as high a return on capital as offline retail, as it requires less investment than running and owning stores, according to Ahold Delhaize.
Grocery delivery is much more efficient in urban areas as retailers can maximize the number of orders each driver unloads in a fixed period, part of the reason it has taken off in densely populated places like Britain and Chinese cities.
In suburban or rural areas, it makes more sense to encourage shoppers to collect orders themselves from stores or curbside pick-up points, an approach pioneered in France that is now gaining favor in the United States.
“It is still a category that needs a lot of work. The cost of delivery needs to be brought down, infrastructure needs to be built, and shopper trust needs to be established. This will take years,” Euromonitor analyst Tim Barrett
“Retailers and suppliers cannot wait for it to become mature and figure it out then. As with all paradigm shifts, true leaders will have established their presence and expertise for years before the trend hits the masses.”
Additional reporting by Lisa Baertlein; editing by Anna Willard
The post Why are grocery retailers teaming up with tech giants? appeared first on World The News.
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Why are grocery retailers teaming up with tech giants?
BERLIN (Reuters) – France’s Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off.
FILE PHOTO: The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, France, March 31, 2018. REUTERS/Eric Gaillard/File Photo
HOW BIG IS GROCERY ECOMMERCE?
Global grocery retailing is worth $5.9 trillion, according to figures from market research provider Euromonitor. Online sales of food and drink only accounted for about 1.5 percent of that in 2017, but are growing fast in some key markets.
The figure is much higher in countries where retailers have quickly embraced ecommerce. The online share of food retail in Britain is 5.5 percent and 4.5 percent in France, according to business intelligence firm Planet Retail RNG.
China’s online grocery market is expected to almost triple by 2022 to account for 11 percent of spending, according to grocery industry research group IGD.
The United States is a laggard on just 1 percent but is expected to more than double by 2022, according to IGD.
WHY DO RETAIL GIANTS NEED TECH PLAYERS?
Many traditional grocers need help with automatically replenishing products in stores, shopper subscription, artificial intelligence, voice technology and digital assistants, according to UBS analyst Daniel Ekstein.
“This is bringing together previously unlikely bedfellows,” he said. “Google has positioned itself an ally in the tech arms-race and so partnership seems a pragmatic, capital light solution to build skill and scale.”
By 2022, Chinese internet giant Alibaba will have overtaken Walmart to become the world’s biggest retailer. Amazon will be third with China’s JD.com in fourth place and Carrefour in fifth, Planet Retail predicts.
While retailers possess a huge amount of data on shopping habits, particularly through their loyalty schemes, they are not as good as big tech companies at using it to make personalized offers to customers, said Planet Retail director Boris Planer.
“The online and offline worlds are coming together. This ability to connect with the customer and mine data is going to be one of the main capabilities for the future,” he said.
“Retailers are beginning to understand that it would be a big mistake to think they can do it on their own.”
They also need help in setting up automated warehouses to enable fast picking of online orders, an area where Britain’s Ocado has taken the lead.
WHAT IS IN IT FOR THE TECH TITANS?
Storing and delivering food, especially fresh and frozen products, is a major headache. Many British retailers have struggled to turn a profit even after two decades of experimenting with different ways to handle online grocery.
However, bricks-and-mortar retailers have major advantages over pure online players: they have long established relationships with suppliers, trusted own brands, logistics expertise and stores that can be used as a distribution network.
In Britain and France, online grocery was first offered by incumbents such as Tesco and Carrefour, while in China, the development has been led by Alibaba and JD.com partnering with traditional supermarkets.
Consumers shop for food on a more regular basis than most other categories – it accounts for third to a half of all spending in many developed countries.
That is the main reason why Amazon has persisted with its Fresh grocery service, launched in 2007, despite its logistical challenges and slow progress in winning customers.
Bernstein analysts say: “Once a retailer cracks the logistics path for grocery ecommerce, it provides a high frequency platform from which other categories can be approached. Grocery retail can therefore not be ignored.”
RACE TO PARTNER
The need to combine expertise in food with digital capabilities has triggered many deals in recent years.
Here are some of the biggest recent ones:
2018
– Kroger seals warehouse deal with Ocado
– Walmart pays $16 billion for 77 percent stake in Indian ecommerce firm Flipkart
– France’s upmarket Monoprix chain, owned by Casino, agrees deal to sell groceries via Amazon
– Carrefour announces deal with Internet giant Tencent
2017
– Amazon buys Whole Foods for $13.7 billion
– Walmart and JD.com expand strategic cooperation
2016
– Walmart buys ecommerce start-up Jet.com for $3 billion
WHO IS NEXT?
– While Alibaba and JD.com say they want to focus on China and southeast Asia for now, they have global ambitions and analysts expect they might eventually make moves into North America or Europe, perhaps with local partners.
– Bernstein analysts speculate that Alibaba might seek to partner with Kroger or Britain’s Tesco, while they predict Walmart could also deepen its cooperation with JD.com.
– Amazon could roll out its Fresh service to more markets; it also plans to offer Whole Foods groceries via its fast-shipping Prime Now scheme in select U.S. cities
– Ocado is expected to sign more deals with retailers in other countries, particularly continental Europe
– U.S. grocery delivery start-up Instacart, which picks and delivers groceries for retailers, might need to make a strategic shift after Kroger’s deal with Ocado
WHAT IS THE DOWNSIDE?
Grocery margins are already razor thin and ecommerce is expected to erode those further due to the high costs of delivery and the need to invest in technology and logistics.
McKinsey estimates that the additional expense of selling groceries online amounts to between 4 and 7 euros per transaction, largely due to delivery costs.
“Bricks-and-mortar grocers will feel a significant financial impact, as their slender margins make them sensitive to even a small loss in market share,” according to a recent report by management consultants Oliver Wyman.
Up to 30 percent of store space could close in most of the countries it has modeled if online grocery reaches about 8 percent market share, Oliver Wyman predicts.
However, online could provide just as high a return on capital as offline retail, as it requires less investment than running and owning stores, according to Ahold Delhaize.
Grocery delivery is much more efficient in urban areas as retailers can maximize the number of orders each driver unloads in a fixed period, part of the reason it has taken off in densely populated places like Britain and Chinese cities.
In suburban or rural areas, it makes more sense to encourage shoppers to collect orders themselves from stores or curbside pick-up points, an approach pioneered in France that is now gaining favor in the United States.
“It is still a category that needs a lot of work. The cost of delivery needs to be brought down, infrastructure needs to be built, and shopper trust needs to be established. This will take years,” Euromonitor analyst Tim Barrett
“Retailers and suppliers cannot wait for it to become mature and figure it out then. As with all paradigm shifts, true leaders will have established their presence and expertise for years before the trend hits the masses.”
Additional reporting by Lisa Baertlein; editing by Anna Willard
The post Why are grocery retailers teaming up with tech giants? appeared first on World The News.
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