KEARNEY REPORT
Quick commerce job growth outpaces ecommerce, modern trade
The sector will employ up to 5.5 lakh people by next year, up from 2.5 to 3 lakh now, says a report by Teamlease. In quick commerce, last-mile delivery accounts for 46 out of 62 jobs, higher than the 13 to 15 employed by ecommerce. In modern trade, these roles are minimal, it adds.
Structural cracks appear to complicate qcomm's quick surge in India
India's quick commerce market is expected to grow to Rs 1.5-1.7 lakh crore by 2027, driven largely by existing trade channels. While it creates significant employment, most jobs are gig roles with limited security. Pricing and adoption across categories present ongoing challenges for the sector's future.
Quick commerce trade-off; Google still wants engineers
Quick commerce is gaining popularity at the expense of sales in other retail channels. This and more in today’s ETtech Top 5.
Quick commerce growth eating share from other channels
A Kearney report indicates quick commerce growth largely coming from other sales channels. Supermarkets and ecommerce offer bigger discounts. Marico aims to tailor portfolios to boost sales. Quick commerce contribution to ecommerce sales doubles yearly. It accounts for 3-6% of consumer goods firms' sales. Kearney projects threefold growth for quick commerce grocery market by 2027. Consumer companies expect continued segment growth.
Europe's defence companies scramble for workers as business booms
Europe's defence sector faces a significant skills shortage. Companies are increasing wages and recruiting from other industries. They are also lobbying for more training programs. Fragmentation in arms manufacturing complicates hiring. The European Union aims to shift procurement within the bloc. It hopes to bridge the recruitment gap. Auto industry struggles provide a potential source of workers.
India's mining, construction equipment sector likely to reach USD 45 billion by 2030: Report
India's mining and construction equipment sector is poised for significant growth. A new report projects the sector will reach USD 45 billion by 2030. This represents a 19 percent CAGR. The Confederation of Indian Industry and Kearney collaborated on the Vision 2030 report. It aims to position India as a global manufacturing hub.
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Lenders turn to AI; Flipkart re-ups war chest
Happy Thursday! Lenders are turning to fintech startups for smarter debt collection solutions as unsecured loan stress rises. This and more in today’s ETtech Morning Dispatch.
India's venture debt market grows 58 pc CAGR to $1.23 bn in 2024
India's venture debt market has grown significantly from USD 80 million in 2018 to USD 1.23 billion in 2024, led by Bengaluru. The market supports startup founders with runway extension, working capital, pre-IPO financing, and inventory needs. Fintech, consumer tech, and cleantech sectors see the highest demand, with venture debt helping bridge funding gaps and retain control.
Bike taxis hit brakes; IT’s complicated with Trump
Bike taxi services face a fresh setback in Karnataka following a court ruling on Wednesday. This and more in today’s ETtech Top 5.
Venture debt remained flat in 2024 at $1.2 billion: Report
Venture debt refers to a variety of debt financing products applicable specifically to private equity and venture capital-backed companies. These are early-stage, growth-stage and late-stage startups that may lack positive cash flow and tangible collateral but have secured investments from venture capitalists.
Luxury fashion giants like Chanel, L'Oreal Luxe bet big on India's beauty boom
Chanel and other luxury brands are expanding their beauty segments in India, managing their retail spaces independently to better align with consumer preferences. Chanel has opened multiple new beauty and fragrance stores, launched an e-commerce platform, and brands like L'Oreal Luxe are opening exclusive brand outlets, signaling significant demand growth in this sector.
Karen Read retrial: Here’s all you need to know about Boston cop’s murder case as jury selection begins this week
Karen Read's retrial regarding allegations of killing her boyfriend, John O'Keefe, a Boston police officer, is slated for this week after a mistrial last year. Prosecutors maintain that Read intended to run O'Keefe over; Read's defence team claims she was set up, and the leading officers in the investigation mishandled the matter. All things being equal, it will take several weeks to get a jury empanelled because of public interest.
Kearney's Vikas Kaushal appointed HPCL chairman
Sanjeev Choudhary Kaushal, an accomplished private-sector executive, has been appointed to lead a state-run refiner, marking a significant government move in talent selection. Kaushal, a chemical engineering graduate with an MBA, faces the challenge of steering the company through a volatile energy environment and climate change pressures, despite taking an 80% pay cut.
Harry Styles’ lifestyle brand Pleasing appoints Shaun Kearney as its first CEO
Shaun Kearney will be taking over as Pleasing CEO from July 17 after departing from current role of chief design and merchandising officer at another brand.
E-commerce grows by 36 per cent in last quarter in India: Report
In October to December 2020 period, PCB&W and FMCG & Healthcare (F&H) categories' volumes grew by 95 per cent and 46 per cent year-on-year (YOY) respectively, said the Q4- 2020 -E-commerce Trends Report', released by Unicommerce and Kearney.
Consumer-centric innovation is fuelling growth, says consulting firm Kearney
The report said the focus on premiumisation across consumer goods has resulted in consumers switching to high-end products, and that the pursuit of cost reduction has been a key attribute followed by companies. Given the price-sensitivity of Indian consumers and heavy competition, a tight control on costs helped leaders preserve margins and reinvest in growth, the report said.
USD 575 billion investment opportunity in transport infra in next 5 yrs: Kearney
The report said the concessionaires and contractors need to explore strategic partnerships, identify the right markers for decision-making, and ensure the quality and timeline of project delivery with the growing infrastructure investments and greater participation from the private sector.
Electric car industry needs practical strategy: Report
A number of governments and car makers have ambitious plans for electric vehicles, but car makers are facing challenges to secure supplies of raw materials used for battery production.
India jumps to 8th place on Global FDI Confidence Index
"Investors see India as a vast and diverse up-and-coming market with plans to increase investments there over the near to medium term," said Vikas Kaushal.
Rugby-Sexton back in contention for Ireland
RUGBYUNION-NATIONS/IRELAND:Rugby-Sexton back in contention for Ireland
E-tailing to drive 25% of organised sales in India by 2020: AT Kearney
Some of the other findings of the report include a five fold growth in number of women shoppers by 2020 and women currently shopping online doubling their online spend.
Delhi and Mumbai are still the key markets for luxury goods in India
Delhi is the city of power and opulence, while Mumbai is the film city more exposed to international influences. Though both Delhi and Mumbai are cosmopolitan they have different influencers.
Luxury stores like Burberry, Genesis Luxury moving to smaller towns, says CII-AT Kearney report
One out of every four luxury stores in India has come up outside Mumbai, Delhi and Bangalore, says a CII-AT Kearney report.
Luxury market likely to touch $14.7 billion by 2015: Report
India's luxury market, which is small compared to global standards, is likely to grow three times and touch $ 14.7 billion by 2015, a CII-A T Kearney report said today.
Booz, AT Kearney in talks to merge: Report
Two of the best-known names in management consulting, Booz and AT Kearney, are in talks over a deal to bring the firms together for forming the world’s third-largest consultancy, a media report said.
India fares poorly on globalisation index
Amid all the hoopla around India emerging as one of the world’s fastest growing economies and figuring in the list of the most attractive destinations being eyed by the World Inc, the country has been named as the second least ‘globalised’ nation.
India 2nd least globalised economy: Report
International consultancy and research firm AT Kearney has ranked India at the 71st position in its annual ranking of the world's most globalised nations. Visual Delight
'Maltreatment of textile workers could end the boom'
The reported boom in India's textile industry would be a short-lived one if "maltreatment" of workers in the sector continued, an international trade union leader has said.
India retains its top retail spot
India retains its position as the most attractive retail investment destination for the third year in a row.
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