They call it survival of the fittest, but I believe it's important for the traditional "mom and pop" retail model to coexist with e-commerce and, more importantly, quick commerce. While quick commerce has emerged stronger post the wake of the COVID outbreak, excelling in cost, convenience, and catalog, it lacks the crucial element of emotional connection. Blinkit, the leader in quick commerce, is nearing profitability with INR 24,000 crore in gross sales from ~800 stores and a valuation exceeding INR 1,20,000 crore. The question is, will this growth come at the expense of online platforms or traditional stores? Traditional retail offers more than just purchase; it provides an experience and fosters human connections which many households need. India has about 1.3 crore traditional stores with extensive reach, supporting livelihoods across the unorganized sector. While e-commerce penetration in India remains relatively low, wider adoption could have significant repercussions
On my c-pad(Old model m2000 Compaq Presario)...I am writing after long...Have two reasons for it, which i'll like to hide from you:) Life is moving at a pace with work,life,Family,Friends each getting muddled in 24*60*60 seconds of the day.. :):(, Yes each facet demands its time, but as of now work takes it all:), and it is not wrong too... As at the EOD Work has to pay back something... It was the end of week 3 for my new journey that made me see few new words(Both in day and night): EOD- End Of Day YTD- Year till Date GMP-Good Manufacturing Practices and so on... Yeah, getting connected to the Pharma buzz, Things are interesting in some ways but quite exasperating on the other side, My dreams see me finding the cost of cephalosporins, SSPs and many more... The names that i could never ever see again in last 5 years, Someday a name came 'Pencillin' and i went back 10 years and realized that we are talking about the same Pencillin that was discovered by every Child...
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