Question

In: Economics

Amidst the current pandemic, how can supermarkets adjust how they go to market on grocery product...

Amidst the current pandemic, how can supermarkets adjust how they go to market on grocery product categories such as grab-and-go/convenience items?

Solutions

Expert Solution

With the wake of Covid 19 pandemic , the supply and demand nornals have changed , as a result of precaution and constant distancing . The disease has taken over the world and activities like self seclusion and social distancing is the only shot to survive this spreading disease. Thus a major lifestyle change is being observed in the market.

Having discussed the basic change patterns in the economies all over the world , the suppliers are constantly working on alternative to maintain position in the market. It is not just a constant try of the producers to think of alternative in order to survive in this pandemic, consumers also need workable institutions in order to support their day to day needs . The major example to this is grocery stores in super markets.

Grocery involves Daily day to day items which are required , example food items , non food items , drinks , soaps,toilet papers , daily need oils , suppliments etc. The old walk in purchase system could not be practiced , hence these supplying chains came up with grab and go convenience , drop off at home services by online ordering etc. There services came in touch with the consumers directly . The payments are done through online means . Not just this, the consumers are facilitated with pre ordering feature . The facility lets the consumer decide before hand and when he visits the location , the goods are already packed and the whole process and very swift.

The above activities were being developed before the pandemic also. What must be noticed here is that , even though earlier it was developed only with a convenience factor , now these e services and quick pic and drop services are the only substitute and the only alternative which is safe during the social distancing times.


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