The boom in the subscriptions economy is causing ‘subscription fatigue’ in India, according to a new survey. Nine in ten (89 per cent) Indian subscribers believe there are now “too many” subscription services available. As a result, 92 per cent now demand a unified platform to administer all of their subscriptions. Despite many feeling overwhelmed, […]
The global coffee industry has seen remarkable expansion in recent years, with growing demand for coffee surging by 28.6 million kilogram bags, far exceeding production, Vanusia Nogueira, Executive Director, International Coffee Organisation told BW Retail World. In the past three years, coffee production and consumption have surged, leading to a deficit in the market, she […]
For the first time since the global financial crisis of 2008, global household wealth in 2022 (in US dollars) decreased on aggregate as well as on a per-adult basis, both in nominal and real terms. Wealth per adult also recorded the second-largest reduction since 2000. This was revealed in a recent Credit Suisse-UBS report by […]
The food industry is one of the worst hit when it comes to seasonal inflation. And when tomato prices go north, it goes missing from some of the most popular dishes. For decades, the humble tomato slice has been a staple garnish of the American style burgers. But as tomatoes became expensive and the prices […]
Handlooms have always been an integral part of Indian culture. Much before the mechanical looms took over the market, handlooms were a representation of India’s rich cultural legacy. It was not only a significant source of income for the weavers involved in the sector, but also a matter of pride for those who adorn it. […]
In the dynamic world of financial markets, options trading apps have emerged as game-changers, empowering retail traders in India like never before. Gone are the days when options trading was confined to institutional traders; these innovative platforms have opened up new horizons for individuals like you. With a few taps on your smartphone, you now […]
From brick-and-mortar to digital stores, the retail industry has changed over the years and is still evolving. During the pandemic, with half of the retail stores shut, many people believed that even after the end of Covid-19 the retail stores would not have as much value as they held before because people started shopping online. […]
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively. Back in May, the retail inflation was at 4.25 per cent, hitting a two-year low. […]
Saudi Arabia, the world’s largest crude oil exporter, has announced voluntary output cuts in crude oil in response to a tighter market induced by global central banks’ interest rate hikes and inflationary pressures. These cuts, initially set for this month, now have been extended to include August. Additionally, OPEC+ has agreed to further reduce production […]
In a bid to bridge the digital divide among micro, small, and medium enterprises (MSMEs), Open Network for Digital Commerce (ONDC), has fixed its visions on transforming the B2B space in India. With less than one million out of almost 100 million MSMEs currently engaging in digital transactions, ONDC gears toward unlocking the extensive potential […]
