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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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Future-Reliance deal I Reliance Retail secures Future with logistics, other deals to unlock synergies

Updated Jan 22, 2021 | 08:40 IST
Reliance Retail is tapping Future Supply Chain s network for its logistics, warehousing needs. Other Future Group companies are also in the process of receiving big orders from retail arm of Ambani-helmed firm
Reliance Retail secures Future with logistics, other deals to unlock synergies | Photo Credit: BCCL
Key Highlights
Future Supply Chain which saw its revenues sag post lockdown gets a big boost from Reliance Retail
Other Future Group companies such as Future Consumer and Future Enterprises reportedly received large orders from Reliance
As part of Rs 25,000 cr Future-Reliance deal, RIL will hive off Future Group s retail and wholesale assets into Reliance Retail Ventures Ltd ....

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