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Logistics companies ride ecommerce wave as Covid restrictions force consumers to move online

Synopsis
Apart from Big Basket and Grofers, Amazon, Flipkart and Reliance too are selling more and more grocery items online. This will increase as a lockdown in Maharashtra and potential similar actions in other states push demand for buying supplies online.
Agencies
In a report last year, Goldman Sachs predicted India’s ecommerce market will double to $99 billion by 2024 with groceries and fashion apparel leading the growth.
As more ecommerce players jump on to the bandwagon of grocery retail and lockdowns increase with the second Covid-19 wave, logistics and supply chain companies are building additional storage and distribution facilities for them. ....

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It's Time For Bold Executive Action To Transform Retail And CPG

It's Time For Bold Executive Action To Transform Retail And CPG
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Lee budget amendment includes sales tax holiday on groceries, restaurant purchases

by
Jon Styf, The Center Square
| April 14, 2021 08:00 AM
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Tennessee Gov. Bill Lee introduced a budget amendment Tuesday that included a two-week sales tax holiday on food purchases.
The two-week sales tax holiday, which includes all grocery sales, purchases at restaurants and all prepared food, is estimated to cost the state $100 million, accounting for $25 million in grocery sales and $75 million from restaurants and prepared food.
Lee introduced a $42 billion spending proposal in February. Tuesday s budget amendment included $580 million in new spending.
Lee s budget proposal must be deliberated in the Tennessee Senate and House, and both chambers must pass the same appropriations bill before it can be sent to Lee for approval. ....

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Flipkart, Amazon suspend orders for non-essentials in Maharashtra

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The Maharashtra government in its latest guidelines announced a state-wide lockdown from 8:00 pm on April 14 to 7:00 am on May 1. While it included e-commerce in the essential services category, these companies would be allowed to deliver “only essential goods and services”.
“Letters are being sent to the Maharashtra government and the Ministry of Home Affairs (MHA) requesting that restrictions don’t carve out distinctions between essential and non-essential goods and services, because people who are stuck at home need access to everything,” said a person aware of the development.
“These representations being made by FICCI, CII and Nasscom will essentially say that the MHA after an initial phase of attempting to allow only the sale of essentials through e-commerce, permitted the sale of everything in May last year. and that’s what should be followed even now,” the person cited above said on the condition o ....

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#STICKER SHOCK: Get ready for the price of GROCERIES to SPIKE! | 98.5 The Cat

#STICKERSHOCK: Grocery store prices are about to SPIKE! Here's how much more you can expect to pay according to government data and #ConsumerReports.. ....

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