The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space. India’s retail market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10 percent to US$ 1.6 trillion by 2026 from US$ 641 billion in 2016. The retail market is expected to grow at 12 per cent per annum, modern trade would expand twice as fast at 20 percent per annum and traditional trade at 10 per cent.
India’s Business to Business (B2B) e-commerce market is expected to reach US$ 700 billion by 2020. Online retail is expected to be at par with the physical stores in the next five years.India’s total potential of Business to Consumer (B2C) is estimated to be US$ 26 billion, of which $3 billion can be achieved in the next three years from 16 product categories, according to a study by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Institute of Foreign Trade (IIFT).
Our innovative approach:
3EA offer expert services to help retailers tackle their top strategic, operational, financial and organizational issues. We focus on addressing consumers’ acceptance of the most effective novel systems. We focus on three important areas:
- The innovation management approaches in retail industry
- The degree of innovation heterogeneity
- The innovation drivers
3EA works alongside leading retailers to develop and implement customized solutions that address today’s challenges and tomorrow’s opportunities. 3EA offer expert services in the following areas:
- New markets and format development
- Online and offline retailers
- Renovation in product lines
- Sourcing strategy
- Supply chain management
- Integrated cost management
- International and emerging markets growth
Our clients include grocery chains, general merchandise stores, apparel retailers, convenience stores, drug chains, luxury retailers, restaurants, hotels, e-retailers. We develop insights that work for our clients. Our approach and recommendations are highly customized and thus, lead to practical actions.
How we work:
We help clients develop specific marketing approaches and by identifying where and how to build the most value. We assist them in growing strong networks, localizing assortments, building Omni channel capabilities, new concepts and format developments. Our support may include the following:
3EA help develop a powerful and strong brand strategies which can create a lasting bond with the customers, employees and investors and driving higher sales and more stable profits.
- Digital excellence:
We have the experience and the tools to help attain online marketing excellence.
Experts at 3EA combine deep retail industry expertise with experience in all major regions and functional areas, we make them understand of convenience and payment options that are causing online retail to grow more in developing countries than developed ones. Our team collaborate with clients to develop common objectives, propose recommendations and implement solutions.
3EA has made inroads into the retail industry through its extensive knowledge of emerging markets which it has used to deliver tangible benefits in bottom-line through strategic and operational execution. 3EA through its retail strategy consulting services assists clients in addressing their strategic challenges and enabling them to discover value in their business.
3EA ‘s strong foothold in successful innovation techniques has helped companies in inventing new ways of doing business by offering unique solutions to issues ranging from offering new products that ensures loyalty from customers.
At 3EA we work as an integrated part of client’s team, to deliver true results and make the change stick. We have core group of senior retail focused experts that we can deploy across the globe.