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Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

23Jun By reutersNo Comments

CHINA, News, USA

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States. This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supp...

McDonalds May Shift Some Jobs to India in Cost-Cutting Move

Fast food giant McDonalds may be planning to outsource jobs to India as part of a USD 500 million cost reduction plan it announced last November, a media report said. A report said McDonalds is shedding jobs as part of a USD 500 million cost reduction spearheaded by Chief Executive Steve Easterbrook. "McDonald is also moving some functions to India in what could be a larger controversial push toward outsourcing," it quoted sources familiar with the company's plans as saying. A regional office in Columbus, Ohio is among the first casualties of the cost-cutting. McDonalds described the facility's closing as part of "plans to permanently restructure its operations and eliminate a number of roles," in a May 13 letter the company sent to city officials. The layoffs will begin in ...

Burrp Revenues Will Touch 150 Crores in 2019

Food and restaurant recommendation platform Burrp aims to garner revenues of Rs 150 crore by March 2019 as it expands services like events and offers a more personalised search experience to users. The food-tech company, which competes with the likes of Zomato, is also aiming to facilitate transactions worth Rs 1,000 crore through its platform in the same period. "Burrp earlier led the industry but then things didn't go as per plan. One of the errors was to become a listings platform for everything... Cut to 2015, we have revamped our product with enhanced features like dish discovery, an events section and trending restaurants," Burrp co-business head Abhishek Chhajlani told PTI. These additional features will make it easier for users to search for their favourite food or rest...