openPR Logo
Press release

Unprecedented Profitability of Online Platforms

03-30-2020 01:51 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Food & Beverages

Food & Beverages

Widespread of the COVID-19 pandemic has led to government lockdown orders in most nations worldwide. Consequently, the demand for daily essentials, health and wellness products and shelf-stable products has witnessed soaring demand. Consumers have flocked grocery stores and stockpiled these products as a result of panic buying. This has led to selling out of essential goods and empty shelves across majority of the stores. Furthermore, the closure of schools, offices, multiplexes, colleges, pubs & restaurants and work from home for vast majority of the population, has boosted in-home consumption and hence the demand for online grocers has experienced soaring demand with significant boost in orders.

As a consequence of the Corona outbreak, consumers are minimizing external visits to crowded places, including malls and supermarkets and instead finding it convenient to place orders for door-step deliveries. In India, companies such as Amazon, Bigbasket, Grofers, and Flipkart, have particularly witnessed exceptional spike in sales of about 20-30%. These companies have observed a growth in demand for items such as cereals, flour, rice, fresh fruits, pet food and personal hygiene products including soaps and sanitizers. E-commerce platforms in China also experienced a similar growth in demand for their daily supplies.

E-grocers are putting in additional efforts to monitor their delivery system and supply chain. They are also taking extra efforts to ensure customer safety by wearing masks and gloves on duty and also monitoring the delivery executives body temperature before deliveries. Moreover, the online retailers have developed a "no-touch" option wherein the orders are prepaid and can be left at the customer doorsteps in order to avoid direct customer contact. This scenario is regarded as a golden opportunity for E-grocers to build trust with the customers.

Other than the 120-130% increase in volume sales of hygiene products and daily essentials, the E-pharma sector also witnessed a 50-60% growth in demand owing to strong growth in E-consultations/telephonic consultations and prescriptions. However, the case is not likely for catering and cloud kitchen food delivery sector since people have gradually stopped ordering online and instead prefer home cooked food. It is also perhaps regarded as the best time for distributors to go digital. Packaged food products, home care categories and personal health products are expected to experience continued growth through the E-commerce segment. In order to obtain smooth functioning in the supply chain, retailers are using digital apps to place orders with FMCG companies and distributors. For instance, Mobisy which has the Distiman app, enables retailers/wholesalers to order goods real time and work with brands to replenish stocks within 24 hours.

References:

https://www.alliedmarketresearch.com/canned-food-market-A05939

https://www.alliedmarketresearch.com/flavored-yogurt-market

https://www.alliedmarketresearch.com/asia-pacific-baby-infant-formula-market

https://www.alliedmarketresearch.com/gluten-free-pasta-market

https://www.alliedmarketresearch.com/luxury-wines-and-spirits-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in?Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Unprecedented Profitability of Online Platforms here

News-ID: 1990348 • Views: 301

More Releases from Allied Market Research

Sugar Free Carbonated Drinks Market 2021 Dynamics Analysis, Size Witness Growth …
According to a new report published by Allied Market Research, titled, "Sugar Free Carbonated Drinks Market By Type, Flavor, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global sugar free carbonated drinks market size is expected to reach $243.5 billion by 2030 at a CAGR of 7.3% from 2021 to 2030. Access The Complete Report Here: https://www.alliedmarketresearch.com/sugar-free-carbonated-drinks-market-A13624 Sugar free carbonated drinks are low calorie or no calorie carbon infused
Functional Beverages Market Sales Revenue Analysis, Top Manufacturers Performanc …
According to a new report published by Allied Market Research, titled, "Functional Beverages Market by Type, Distribution channel and End user: Global Opportunity Analysis and Industry Forecast, 2021-2030," The functional beverages market share is expected to reach $200,080.3 million by 2030, registering a CAGR of 5.9% from 2021 to 2030. Access The Complete Report Here: https://www.alliedmarketresearch.com/functional-beverages-market-A13087 Functional beverages are nonalcoholic drinks which provides physical and mental health benefits and promote the state
Crowd Management & Event Security Market - Insights, Opportunities and Forecasts …
Rise in the demand for crowd evaluation to enhance safety & security and investments in crowd security technology by various government institutes are the major factors that drive the growth of the market. In addition, an increase in the investments in crowd management and event security analytics tools and solutions fuel the global crowd management & event security market growth. However, high initial upfront costs and lack of IT infrastructure
Fabric-Based Computing Market Size Estimated to Observe Significant Growth by 20 …
Increase in the usage of big data analytics and growth in the adoption of cloud-based systems are the major factors that drive the global fabric-based computing market growth. In addition, features that fuel the growth of the market include general-purpose vertically integrated stacks, virtualization, convergence, component commoditization, and automation. Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/6018 However, high cost associated with infrastructure and complexity issues hamper the growth of the global market. Furthermore,

All 5 Releases


More Releases for Food

Wonderful Barcelona food tour
Barcelona food tour at its best Enjoy a great city with even greater meals. The Catalan kitchen has many surprises and offers different variations of classic Spanish meals. Fresh fish from the sea combined with selected ingredients and spices create special meals with a remarkable taste. Guests enjoy the menu’s in a very special environment in the young and beautiful city Barcelona. Enjoy your meals and a great stay with Foodhopping
Rigid Food Containers
The Global Rigid Food Containers Market Research Report 2017 renders deep perception of the key regional market status of the Rigid Food Containers Industry on a Global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia and the key countries such as United States, Germany, China and Japan. Request for sample of Rigid Food Containers Market research report @ https://www.qyresearchgroups.com/request-sample/548017 The report on “Global
Packaged Food in Argentina
Summary The economic crisis seriously impacted the demand for packaged food, leading to a slight decrease in retail volume sales in 2016. To soften the fall in sales, the main chained supermarkets and hypermarkets, such as Jumbo, Coto and Carrefour, offered significant discounts. These retailers offered deals like 2-for-1, or an 80% discount on a second product, as well as major savings when paying with a bank card. These promotions even
Packaged Food in Germany
Summary Retail value sales of packaged food continued to grow in Germany in 2016, as was the case in all years of the review period from 2011 to 2016. The last time a decline took place was in the context of the global economic and financial crisis and the following recession in 2010. In the context of the review period as a whole, the 2016 development was slightly below average, although
Packaged Food in France
Summary The slow but progressive exit from the persisting crisis of the French economy and the slight improvement in GDP growth in 2016 has contributed to current value growth of 1% in current value terms in packaged food. This is still modest and just in line with the CAGR seen over the review period, although this is in the context of strong price wars, stagflation and the detrimental effects of terrorist
Navratra Special! Sattvik Food!
Treat your taste buds this Navratri with mouthwatering vrat ka khanna at Bayview Restaurant, Hotel Marine Plaza from 1st October till 10th October 2016. The newly designed menu is an Ala Carte available for Lunch and Dinner at Bayview. Executive Chef Kshitiz Shekhar have crafted these dishes keeping in mind the ingredients & flavors that are in harmony with the fasting beliefs. The meal is in accordance with the navratra rules