Retail & Ecommerce
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Retail
Overview
- Indian retail one of the fastest growing markets in the world . India is the world’s fifth largest global destination in the retail space.
- Retail industry reached to US$ 950 billion in 2018 at CAGR of 13 per cent and expected to reach US$ 1.1 trillion by 2020.
- Retail market in India is projected to grow from an estimated US$ 672 billion in 2017 to US$ 1,200 billion in 2021F.
- India’s modern retail to double in size over the next three years from US$ 13.51 billion in 2016 to US$ 26.67 billion in 2019
(Source - IBEF, Internet)
VINSON Solutions For Retail Industry includes:
- Network Design, Facility Sizing, Lay-out Design
- Warehouse Management & Distribution Centre Management
- Returns Management & Refurbishment
- Transportation solutions (Last Mile/FTL/Express)
- Packaging Material Solutions
- Value Added Services
- Bundling
- Inserts
- Shrink Wrapping
- Labelling & Warranty
Network Design
- Define all characteristics of the distribution network
- Specify details such as routes, Dealers, retailers etc
- Facility Sizing, Inventory Profiling, Warehouse Layout.
Supply Chain Planing
- Supply and demand planning across network.
- Transportation planning including load planning, mode / carrier
- Optimization, load configuration
- Visibility across the network
Transportation Execution
- Logistics rating, automated mode/carrier selection
- Load tendering, shipment pickup requests
- Track and trace
Warehouse Management
- Automated, tailor able warehouse functions (e.g. pick, pack)
- Bar coding support
- Inventory management capabilities
Event Management
- Monitor shipments
- Handle exceptions and notify all trading partners
Ecommerce
Overview
- Indian e-commerce is expected to grow at a compound annual growth rate (CAGR) of 27% to reach US$ 163 billion by 2026. The Indian e-commerce industry is projected to reach US$ 300 billion by 2030, experiencing significant growth.
- Third-party logistics providers are anticipated to manage approximately 17 billion shipments within the next seven years.
- As of December 2023, India has around 936.16 million internet subscribers, including about 350 million mature online users actively engaging in transactions
- The B2C E-commerce is expected to grow steadily over the forecast period, recording a CAGR of 8.68% during 2023-27.
- Indian e-commerce is projected to increase from 4% of the total food and grocery, apparel and consumer electronics retail trade in 2020 to 8% by 2025.
- The e-retail market in India is projected to surpass US$ 160 billion by 2028. In 2023, the market is estimated to be valued between US$ 57 billion and US$ 60 billion, marking a significant increase from previous years. This growth equates to an annual addition of US$ 8 billion to US$ 12 billion since 2020.
- The e-commerce industry in India demonstrated remarkable resilience and diversification in fiscal year 2023 (FY23), recording a robust 26.2% jump in order volumes. This growth was primarily driven by a 31.1% surge in demand from tier-1 cities, as work-from-office arrangements resumed following the pandemic-induced disruptions.
(Source - IBEF, Internet)
The warehouse and distribution center billing applications from Vinson completely automate the otherwise manually intensive processes associated with logistics services and bill-checking functions. They can record all transactions associated with picking, putaway, loading, dispatching, and more; cumulating these transactions to generate invoices for each service provider or customer.