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what is modern trade in fmcg

Regional Sales Manager, Sales Manager, Account Manager and more! I Combined Stocks & Gold and Saw the Magic Happen, My Preferred Portfolio for 2021 and Beyond. The year 2020 is a year of Covid-19 which brought most of … Sign up for Equitymaster's free daily newsletter, The Profit Hunter and get access to our latest Multibagger guide (2020 Edition) on picking money-making stocks. Madhu Gupta (Research Analyst), ValuePro has a post graduate degree in both physics and finance. - Responsible for NPD listing in national accounts. Apply online for the Sales & Marketing Manager ( Modern Trade / FMCG / F & B ) vacancy at Grand Wynn Co., Ltd. in Yangon today. Managing modern trade 1. : 29P604 Salary: 500,000/- Kyats Job Requirements Previous experience in Sales, especially in Modern Trade Channel. Helping You Build Wealth With Honest ResearchSince 1996. Although modern trade has only a 9.2% share in overall FMCG trade in India, it is growing much faster than general trade. ABC FOOD CO. Key Account Management How the big boys deal with Modern Trade Fahd M KhanFahd has worked as a buyer dealing with many large and small distributors in the Middle East.The document was drafted as a guide to modernization for smaller distributors keeping in mindthe best practices in the region leading to consistent processes increasing … FMCG Kenya 2019 Career Employment Kenya: Modern Trade Representative Job. The difference between Traditional Trade and Modern Trade is that Traditional trade is a broader organization of building trades which have the resources of working for places that have historic preservation and Modern trade has the resources of working for places that have a modern touch such as supermarkets and fast moving consumer goods. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. Having worked with India's leading economic research agency, she has a natural flair for numbers and analytics. Also known as organized retail, this retail format started in India in the early 1990s, and since then has slowly been gaining in importance. Post a comment on "Is Modern Trade the future growth driver for FMCG?". On the other hand, traditional trade requires the presence of the customer in the shop and the display of all items on sale. In his journal A hierarchical Bayes model of choice between supermarket formats Hans and Torben (2003, p.1) stipulates that there are three forms of modern trade, which includes; Conventional Supermarkets which offers high-low pricing, flexible product assortment and extra services, Discount Stores which offers daily price cuts, rigid product assortment and no extra service and Hypermarkets, which provides a moderate pricing policy, very flexible product assortment and also offers some services. Modern Trade has opened up an important sales channel catering to the growing urban shoppers who have strong purchasing power and with more choices, a willingness to experiment. Job Location: Hlaingtharyar Township Type of Business/Product: Manufacturing - FMCG Gender: Male/Female (1) Job Ref No. Equitymaster requests your view! Dabur India gets 60% of its Activ Fibre juice sales from the organized retail stores. Across the globe, there is a huge demand for essential commodities ranging from food supplies, … All content and information is provided on an 'As Is' basis by Equitymaster. Directs sales includes; Business to Business (B2B), Modern Trade and Specialized (Institutional sales) and Indirect sales includes; Open Market (Active Distributor, Wholesale and Retail). 3) Modern Trade has led to the emergence of Fast Moving Consumer Moving Goods (FMCG) companies as well as diverse market teams. Join Us on YouTube Now. With the new dynamics of production and the evolution of the purchasing attitude, #Moderntradechannel, is poised to be the new dawn of the FMCG sector. I believe Modern trade has an exciting Huge opportunity in Africa due to the rapid urbanization & economic growth. Modern Trade (MT) consists of supermarkets and hypermarkets that retail Fast Moving Consumer Goods. The growing clout of MT saw this retail channel growing by 28% in FY11 that has powered the 18% rise in overall FMCG sales for the year. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. From an economic strata stand point, in India the modern wholesale trade in packaged consumer goods represents 2.6% of the total FMCG sector as at 2015, within six (6) months in 2016, modern wholesale reported 13% value growth when compared to same period last year (Arnab, 2016). • Modern trade can be conducted at any time anywhere in the world even when the consumer is flying over skies or inside a moving train. Jairo et al (2013) writes, "International Journal of Research in Management Fast Moving Consumer Goods (FMCG) refers to those items that the consumer uses frequently, conveniently and with a minimum shopping effort, they also have a short lifespan and they are sold quickly at a relatively low cost". INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. This growing importance of MT has also resulted in FMCG companies setting up sales and marketing teams dedicated only to MT. Sign up for similar job alerts. Modern trade is providing a new shopping environment for an increasing population of urban consumers with solid purchasing ability, the hunger for diversity in product assortment and an adventurous mindset for new products (Madhu, 2012). Are You Making One of These 15 Costly Mistakes While Investing. There are no related views on news for this company/sector. Apart from that, MT has coaxed consumers to opt for more premium products. In her article Is Modern Trade the future Growth Driver? Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. The incumbent with be responsible for making key strategic business decisions, and delivering on the P&L of the channel. Understanding of sales performance metrics and process. Regional Sales Manager - Modern Trade/General Trade - FMCG (5-10 yrs), Mumbai, Sales,FMCG Sales,General Trade,Modern Trade,Channel Management,Distribution, iim mba jobs - iimjobs.com The Urban market and General Trade are the key drivers of the slowdown in the West, while Modern Trade continues to grow. A firm believer of the principles of value investing, she looks for robust businesses with durable competitive advantages. Modern Trade accounts for more than 10% of HUL's overall FMCG sales at present. The Retail market in India is estimated to reach US$ 1.1 trillion by 2020 from US$ 840 billion in 2017, with modern trade expected to grow at 20 per cent – 25 per cent per annum, which is likely to boost revenues of FMCG companies. Click here! These are essentially in-house "retailer" brands (for example Future Group's Tasty Treat snack foods) sold at lower prices than higher ad spending main-frame brands. Modern Trade Representative Job. As per Nielsen, the proportion of consumers who claim to shop at MT "occasionally" has grown from 54% last year to 66% in 2012. We and third parties such as our customers, partners, and service providers use cookies and similar technologies ("cookies") to provide and secure our Services, to understand and improve their performance, and to serve relevant ads (including job ads) on and off LinkedIn. Further, one in every five urban shoppers now frequents Modern Trade in the form of super or hyper markets. Amit and Deepika (2015, p.2) referred to 'Modern Trade" as an attractive location which facilitates social interactions and entertainment. SEBI (Research Analysts) Regulations 2014, Registration No. For more information, see our Cookie Policy. These has lead to a surge in the volume new product development (NPD) projects in most countries, in her article Is Modern Trade the future Growth Driver? All rights reserved. India's #1 Trader Fast Moving Consumer Goods (FMCG) is the most essential business in the world, as it offers the most essential products for daily usage. At the broadest level, it may be split into the upper or modern trade, and the lower trade, which comprises a collection of traditional, independent stores such as mom and pop stores, provision stores and sundry kiosks. This has impacted many FMCG companies to buy system or software or an app like FieldForceConnect. Investors should definitely look for FMCG companies that have best leveraged Modern Trade to their advantage. Modern Trade by virtue of effective merchandise display has spurred sales of certain FMCG categories. Beyond reasonable doubt the FMCG sector will continue to be the driving power of the global economy and the continuous growth witnessed in the modern trade channel, the impact of modern trade on the FMCG sector will only become more obvious, coupled with the continuous evolution of the purchasing attitude modern trade is poised to take centre stage in the rebirth of the FMCG sector. Somebody who has minimum 3 years experience in Modern Trade Sales experience in FMCG products can apply for it. Fax: +91-22-22028550. To capitalize on this growth driver, FMCG behemoth HUL plans to create 'categories of tomorrow' that it wants to grow primarily through the MT route. This is important for FMCG Business. Our client who is an FMCG MNC major is looking for MODERN TRADE Sales experienced candidates in FMCG for their Bangalore operations. Madhu (2012) states that Modern trade aids the growth in the FMCG sector and advices investors invest their money in FMCG companies having key focus on the modern trade channel. As a result, Modern Trade contributes to 10 percent of FMCG sales for urban India and has grown at par with the overall market over the last year. Food categories such as salty snacks, cheese, biscuits, noodles, breakfast cereals and chocolate in MT clocked over 20% growth during 2011. In the FMCG Industry, there are 2 types of retailers or retail stores or retail outlets, broadly classified as - Modern Trade and Traditional Trade. For example, refined edible oils witnessed considerable "uptrading" from the regular edible oils to premium refined edible oils in the MT channel in 2011. Equitymaster may hold shares in the company/ies discussed herein. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Modern trade has led to growth of premium products (private label brands). This website uses cookies to improve service and provide tailored ads. Thank you for posting your view on Equitymaster! Despite the relatively recent arrival of private label products, it has already clinched 7% of overall MT sales. Equitymaster is not an Investment Adviser. A whopping 54% of the MT shoppers actively seek promotional deals, with 35% of them making bulk purchases. Is Modern Trade the future growth driver for FMCG? Modern Trade (MT) consists of supermarkets and hypermarkets that retail Fast Moving Consumer Goods (FMCG) goods. Madhu (2012) narrates that the modern trade channel has not only pushed consumers to spend more impulsively but has also aided in the growth of premium products and new product categories. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. Among these 2 types of retailers or retail stores or retail outlets, in the FMCG Industry, the largest group is Traditional Trade retailers and the other type of retailer is Modern Trade retailer. Terms and Conditions of Use, available here. As per Nielsen, 17 key metros account for a whopping 73% of overall modern trade in India and accounted for a third of the general trade's sales in those geographies. We are one of Myanmar's leading re Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap, Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. Features of Field Force Connect App: 1, 300 billion and an average annual growth of about 11% per annum over the last decade". Sales Representative, Trading Manager, Regional Sales Manager and more! E-commerce is around 10 per cent of modern trade, while modern trade at present is 10 per cent of FMCG sales. 67 Modern Trade Fmcg jobs available on Indeed.com. admin October 13, 2020. Even food staples, which were the exclusive domain of Kirana stores, have successfully entered MT in the form of branded staples.

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