Project Report For Distribution business
The project report for Distribution business is as follows.
In recent times there’s been a considerable growth in distribution outlets. As per the India Brand Equity Foundation (IBEF), the Indian retail industry is expected to rise to $1.19 trillion by 2023 from $6872 billion in 2019. The country has over 12 million distribution network locations, the majority of which are family-owned enterprises. The fast-moving consumer goods (FMCG) industry is expected to develop at a pace of 10-12 percent each year over the next ten years. As per the Boston Consulting Group, India will have the globe ‘s third consumer based economy by 2025.
By 2021, India’s Business to Business (B2B) e-commerce sector is estimated to be worth $900 billion. India is anticipated to be the globe’s quickest emerging e-commerce industry, thanks to increased spending and a rapid growth in online consumers. Online retail sales are anticipated to more than quadruple by 2022, from $40 billion in 2019 to $120 billion.
The majority of Indian producers have a three-tiered selling and distribution system that has developed through time. Redistribution stockists, wholesalers, and retailers are all part of this structure. For instance, an FMCG business running across India may have from 40 and 80 redistribution stockists (RS).
Market potential & Strategy
Companies have shown a growing interest in improving their distribution logistics in previous years in order to compete in a highly competitive market. As a result, independent distribution and logistics firms have emerged to fulfil this critical job. Marketers are progressively outsourcing critical activities in distribution and logistics to courier and logistics firms in pursuit of more effective methods to serve consumers In India, the courier network has now expanded to smaller areas with a population lower than 50,000).
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