Flipkart offers ‘Buy Now Pay Later’ facility to MSMEs with Davinta partnership
Key Signals in Retail and Consumer Goods
Centre Setup and Expansion L.G. Electronics ramps up its smart factory operations The company has invested a total of ~USD 600 Mn in overhauling its Changwon-1 factory that manufactures kitchen appliances into a smart factory. The first phase of the project, into which a total of 480 billion won was invested over the course of four years, has been revamped into an integrated production building that started the initial stage operations from today. Read More>> Foot Locker rolls out SEA expansion with 2 stores in Indonesia
Signing an exclusive licensing agreement with sports and leisure retailer P.T. Map Aktif Adiperkasa (MAP Active), the stores are scheduled to open in the fourth quarter of this year. There will be more stores to come in 2022. Read More>> JD.com’s first brick-and-mortar mall set to open in Xi’an
The J.D. Mall officially opens Sept. 30, selling 200,000 items across an area of over 40,000 sq. meters in the central Chinese city. Tenants range from electronics companies like Huawei Technologies and Haier to restaurants and home goods stores. JD.com has made inroads into physical retail recently through grocery and convenience stores, and the company will apply this know-how to the J.D. Mall. Read More>> PepsiCo investing in U.K. snacks plant
The company has announced plans to invest USD 33.1 Mn to upgrade its Quavers snacks plant in Lincoln, UK. As part of the investment, PepsiCo said it would upgrade equipment, including the addition of a compact packaging machine that the company said will create training opportunities for employees while removing packaging from the company’s supply chain. Read More>> Amazon shows off new 3-million-foot, robot-filled ‘SAN3’ center in Otay Mesa
We are the largest Amazon facility in California by size by far,” said General Manager JaNiece Ford. Ford led a tour past truck loading docks, sprawling conveyor systems, thousands of robot transporters, problem-solving teams, and fast-moving lines of packages in the 3 million-square-foot facility at Otay Mesa Road and Enrico Fermi Boulevard just north of the border. Read More>>
Deals Nestle to deploy regenerative food system framework In a lead-up to the United Nations food systems summit in New York later this month, the food and beverage giant announced it would work with its food system partners, including its network of over 500,000 farmers and 150,000 suppliers, to advance regenerative farming practices. Read More>> Rajesh Exports bags export order of USD 94 Mn from Germany, Europe The company will be executing the order from its own manufacturing facility, which is the world’s largest jewelry manufacturing facility. This facility has a processing capacity of 250 tons of jewelry and gold products per annum. The company had introduced new designs in the international markets, which constitute a new range of jewelry. Read More>> Tate & Lyle’s rise to cloud infrastructure made sweeter with SAP Tate & Lyle PLC has selected the business-transformation-as-a-service offering RISE with SAP to facilitate the company’s implementation of SAP S/4HANA Cloud, private edition. RISE with SAP provides full support in migrating Tate & Lyle PLC’s current ERP environment to the cloud and removes complexity with simplified engagement, with SAP fully responsible for service-level agreements, operations and issue handling. Read More>> Walmart to pilot autonomous vehicle delivery service The company is set to provide autonomous vehicle delivery service in three cities in the U.S. in partnership with automaker Ford Motor and autonomous driving technology firm Agro AI. This move will enable Walmart to offer last-mile delivery to its customers spanning the three urban markets of Miami, Austin and Washington, D.C. Read More>>Executive Movement Amazon Games hires former Ubisoft exec to lead development on a multiplayer title In this role, Parizeau will lead the studio’s first project, a competitive multiplayer AAA title based on new intellectual property. His background includes working as the managing director of Ubisoft in Toronto, and serving as senior producer on games such as the stealth shooter Splinter Cell and tactical shooter Rainbow Six Vegas. Read More>> ASDA names Fat Face’s Liz Evans as new M.D. of George Evans, who has led Fat Face as CEO since 2019, will join the Asda leadership team as managing director of George, alongside CFO John Fallon, chief merchandising officer Derek Lawlor, general counsel Helen Selby, chief supply officer Mark Simpson and chief people officer Hayley Tatum. Read More>> AutoNation’s (AN) CEO Jackson to step down, Manley to take over The company has named Mike Manley as its Chief Executive Officer, replacing Mike Jackson, who is retiring after managing the company for the greater part of the last 22 years. Manley is presently the Head of Americas for Stellantis N.V. STLA and former chief executive of Fiat Chrysler Automobiles N.V. Read More>> Chico’s FAS, Inc. appoints Patrick J. Guido as Chief Financial Officer Mr. Guido has more than 20 years of finance and operations experience and has held numerous executive leadership roles at premier retail and consumer companies. He most recently served as Senior Vice President and Chief Financial Officer at Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S. Read More>>Partnerships Aeon Mall ties up with China e-commerce operator JD.com in Indonesia The Japanese shopping mall operator said it is planning to launch virtual Aeon Mall shops at J.D. I.D.’s online marketplaces. The arrangement will allow Aeon Mall tenants in the virtual shops to sell goods by electronic commerce and hand them to customers at real shopping malls or deliver them. Read More>> Albertsons partners with Pinterest for shoppable recipes The grocery conglomerate is entering a new multi-year agreement with Pinterest to enable its customers to discover and shop food items via the visually-oriented social platform. Features of the partnership will include a meal-planning API, designed to make recipes seamlessly shoppable by integrating saved pins straight into the Albertsons banner app. Read More>> Flipkart joins hands with Davinta for credit facilities to MSMEs, kiranas The Flipkart Wholesale-Davinta combine will extend a ‘Buy Now Pay Later’ (BNPL) credit facility to MSMEs and kiranas. BNPL has emerged as a credit innovation from new-age fintechs, who are offering this as an alternative to customers who struggle to be eligible for traditional credit constructs such as credit cards. Read More>>Mergers and Acquisition Al Ghurair Investment plans MENA food business acquisitions to boost portfolio Although the group’s interests include engineering to mobility and energy sectors through more than 20 operating companies in a diverse portfolio, food and grains crushing businesses are “predominantly the areas of focus in terms of inorganic growth.” Read More>> Foot Locker completes acquisition of U.S. footwear retailer Eurostar; names COO The specialty athletic retailer has completed its acquisition of Eurostar, or WSS, for USD 750 Mn in cash. Eurostar generated approximately USD 425 Mn in revenue in its fiscal year 2020. Read More>>
Did you find the newsletter helpful? *|SURVEY: Yes|* *|SURVEY: No|*
Latest Industry Insights from Draup Braindesk
Retail Insights:
Retailers are developing advanced solutions with new-age technology and talent across four major business intentions: Supply Chain, Sales and Marketing, Stores & Ecommerce, and Customer Support.
Major players are partnering with solution providers for leveraging AI-based solutions to enhance customer experience & internal business operations to increase sales.
Use cases:
Target is using its startup accelerator programs to improve the company’s in-house data analytics and adopt new tools and technologies to connect customers online and in-store & offer real-time recommendations and personalization
Syte leverages Visual A.I. technology to provide visual search, product recommendations, & deep product tagging & allows advanced personalization for shoppers
Starbucks collaborated with Microsoft to develop a reinforcement ML-based platform on Microsoft Azure that creates tailor-made order suggestions for customers
Amazon launched smart stores in India to empower local retailers to offer promotions to shoppers with contactless payments & reward the customers with Amazon Pay incentives
Flipkart launched ‘Hagglebot’, an AI-enabled chatbot that leverages Google Assistant voice technology to allow bargain & bring down the prices of products on its Big Billion Day Sale
Reliance developed A.I. based video call assistant enabling businesses to automate their customer support and other communication-based processes to enhance customer experience
Key Funding Alert
Grailed closes USD 60 Mn series b funding round led by GOAT Group
With this funding round, Grailed said that it will invest in enhancements to its digital authentication process, as well as additional features and tools for its sellers and buyers. Read More>>
Startup Spotlight
Company – Onda Total Funding – USD 6.2 Mn About: Onda is a spirits brand for a new generation of drinkers. Onda’s first product is a line of canned sparkling tequila beverages made with blanco tequila and real fruit. Onda’s beverages are all 5% ABV, 100 calories, zero sugar, zero carbs, and naturally gluten-free. Read More>>
Latest Reports Published in Draup
Target Corporation Account Intelligence Report: Target Corporation’s business priorities are more aligned towards transitioning futuristic digital offerings across its business domains. With this effect, Target Corporation’s will strengthen its capabilities to meet future market demand. Read More>>
Reckitt Benckiser Account Intelligence Report: Reckitt Benckiser’s partnership focuses on providing hygiene training, networking platform, instant hand sanitizers, vitamins, and minerals to enhance customer experience. Read More>>
Here’s what’s new on our Sales Intelligence Platform Compare a Target Account with its Peers
Introducing Comparison Insights in My Accounts to help you find gap areas for the Target Account compared to its peers
View the target account’s Mission and Vission information in the Account Profile to align it with your sales pitch
You can view the Digital Tech Stack usage by location in the Digital Tech Stack section
You can filter the customers using the ‘HQ Locations’ filter in the Customers section in the Account Profile
Sales
