StarQuik, a TATA Enterprise reposted this
Changing Dynamics of Supply Chain in Retail: An insightful presentation by Radhakrishnan K, Director at StarQuik, a TATA Enterprise) The retail world is transforming before our eyes! As customer preferences shift and technology advances, the entire retail process is evolving, often in ways we don’t fully notice until they become significant. Quick commerce (QC) is at the forefront of this change, promising rapid delivery at competitive prices. But this disruptor isn’t without its challenges—when costs rise and delivery times shrink, it can create unsustainable pressures on businesses. While e-commerce continues to grow, especially in areas like Kirana stores, it still has room to adapt. Modern trade remains steady, proving that there’s still a vital place for traditional retail in this new landscape. K. Radhakrishnan highlights three key shifts driving this evolution in India’s retail market: 1. Aspiration: Consumers are reaching for more, aiming beyond their current means. 2. Affordability: With increasing disposable incomes, purchasing power is on the rise. 3. Access: Quick, easy access to products means geography is no longer a barrier. As these factors reshape supply chain operations, businesses must strike a balance between speed, cost, and sustainability. Quick commerce is redefining expectations, but traditional retail models are still essential in meeting broader market needs. #ReTechCon2024 #RetailTech #FutureTech #Technology #Event #Conclave #Retailer #Brand #OnlineShopping #OnlineRetail #RetailStores #RetailShop #RetailMarketing #Learning #Insight