19 July, 2020
WFH – Boon to Retailers & Brands
01 May, 2020
Lockdown Blues!
The best thing that has happened to most of us is that we spent the last month and a half entirely at our own homes, with our immediate loved ones although many were away from their families.
There’s no bigger joy and happiness that I have had in my entire life that I could spend so many days continuously with my kids and wife. These golden days will be cherished all my life.
I haven’t seen my Sister and Mother for all these days which makes me very sad. Not the longest, since I’ve lived away from them for over 25 years. But this one is rare coz she lives two streets away and I haven’t walked that far.
Though many of us perform household work regularly at home, the lockdown meant No Maids, so we did additional work. Whenever I washed vessels, I felt bad for my elderly maid who washes vessels without a grin. Always. And the mopstick is oh-so bad to handle.
Friends - missed their company the most for I haven’t seen a few for long. Makes me realise how much more important they’re to me. Thanks for being there for me over phone calls!
I ran out of 2 months’ stock of After Shave Lotions so ended up using Savlon. They both do the same job, similar chemicals. But our minds are conditioned to use branded ones than generic ones. Sigh.
We lost choice of many other day today utilities. We used / use what we get. We’ll get used to this.
No outside food. No shopping, visitation to Malls and Cinemas. No hospital / Doc visits. Our body consumed only home cooked food. Bizarre that we could actually survive this.
My Credit Card Bill (mostly official, a bit of household) was the lowest in about 14 years - only FOUR figure bill. Unbelievable. ICICI must be in a state of shock. Also, lost out majorly on my Payback Points.
No new movie releases for 6 weeks, no FDFS. Life moves on. Awaiting OTT releases and FDFS in May 2020.
I never imagined all my life that sales professionals like me can ever work from home. This has been a reckoning of sorts on how we are conditioned to think, act and behave repeatedly on the professional front.
Missed human interactions all along, ironically. Shows why humans are social animals and need socialising. Am quite sure that this too shall also pass and we will come to terms to the new world order, soon.
Indian PM and Tamil Nadu CM have led the Country and the State impeccably all along. Not fair to compare how other countries fared, especially the usual suspects of USA, China, Japan, France & Germany. But our men in Kurta and Veshti have rocked.
We clapped hands on a balcony, lit lamps in the night in solidarity without expecting any miracle. They said, We did. Some didn’t. Many mocked the idea. So be it.
Irrfan Khan and Rishi Kapoor passed away. Many felt bad for them personally. So much of noise on social media for the departed souls. Rishi’s daughter saw the cremation on a Video call. Like how Indian migrant labourers working in Middle East, Africa and South East Asia see the last rites of their departed ones. Just that mostly they don’t have a choice to fly back.
But the same ones who mourned Irrfan and Rishi didn’t condemn on their FB Walls when Dr. Simon’s last rites were disallowed in his preferred Cemetery at Kilpauk, Chennai. The vehicle was vandalised and destroyed with the corpse in it by members of the same community whom he loving served all along. Two men dug the grave for a Doc who saved so many lives all his life.
Priorities. Ignorance. Impatience. Human race, I say.
As always, Bollywood (and Hollywood) comes first. Our own local heroes - Nope.
Of the two drivers who took a corpse to Mizoram in an ambulance from Chennai driving for three straight days, one has tested positive yesterday. Mizo Minister rewarded him ₹2,000 for the trip. No, we will not celebrate this Driver as he was not the original Romantic Hero or a Really emotive actor. Just another labour fellow and driving an Ambulance is his job, after all. Not sure, if he was singing “Hum tum, ek kamre mein bandh ho” along with his co-driver. Very very sad.
Economic Stimulus - Instead of catchups at Cafes and benches at Tea Shops, social media is abuzz on this. From Raghuram Rajan to Raghu Thatha, everyone is advising, Xi, Trump, Modi and Merkel. Nice to see the world has 5 billion Economists. Wow. I should have taken my Class XI and XII Economics Lectures more seriously.
Some people want to urgently open shops, malls, cinemas and salons. But I wonder if Customers are willing to walk outside.
E-Commerce is here to stay. Dot. As I always say, E-Commerce is not a new business, rather it’s just a new channel of distribution.
Lastly, Hyperlocal ECommerce is the way forward. My startup Oyethere did this 5 years back. Potential Investors scoffed and mocked at me then. Today, they are cribbing that Dunzo doesn’t deliver at their Pin code at Bangalore, Bombay or Delhi. The Chennai Investor Mamas still believe it’s best to walk up to the neighbor hood shops than invest on Hyperlocal StartUps. Sigh.
Lastly, I haven’t been to a Temple Precint - longest ever in my life. Missing this aspect the most.
Do share this article if you feel this perspective interests you.
15 April, 2020
100 Days of Employment
It’s ironical that I am writing this article on my 100 days of Employment from home. So be it. Out of the 100 days, 25 have been Work from Home, a first of it’s kind in my 2 decades of being employed. The first day of my job and almost everyday thereafter have been on the shop floor, meeting, interacting and solving consumer challenges – from helping them to choose the right merchandise to closing a sale, somehow. But the last 25 days have been very different, thanks to Covid-19 Crisis and the ensuing lockdown. More on that later.
Mid-December 2019, I was lounging with my classmate who had come to India for a vacation. We were at Westminister, Crowne Plaza (though we still call it as Park Sheraton) which is our favourite hangout for the past 20 of the 24 years we have known each other since studying UG together. The Waiter who used to serve us way back then is now the F&B Manager of the Hotel, something that makes us feel happy that everyone around us has been growing. I received a call from an unknown number and the caller identified himself as an HR Consultant and spoke briefly about a Coffee brand. In the next 24 hours, my tickets were booked to Bangalore for a face-to face Interview with the Management and in the next 7 days, an Offer Letter was sent while I was on vacation at Jim Corbett National Park for Christmas holidays. Things moved very fast, to my own surprise but that’s how God’s grace has always been. He surprises us without even us realizing what He is up to. I joined the
I completed 100 days recently at Levista Coffee as Vice President managing Sales, Marketing, Supply Chain, Logistics and everything in between. It has been a very short tenure yet, but a very fulfilling one. Be it setting up a Corporate Office from scratch (Furniture, Interiors, what not), to plan a detailed Business Plan for the next 24 months as I lead the company to greener pastures with a vision to accomplish 5% Market share of the Rs. 2,200 Crore Instant Coffee Market annually in India of which 80% is held between HUL and Nestle, who’s majority of business comes from Southern India. I have been fortunate to interact with executives and experts from the Indian Media Industry – small, big, large as well as meeting staff members along with prospective new recruits to join and grow the Sales & Marketing team meaningfully. Have also met and interacted with some very bright minds from the Indian Retail ecosystem who have been very supportive to a baby brand that we are, which is only 27 months young now.
After 100 days of this tenure, everything seems surreal. I was an Accidental Entrepreneur, thanks to a turn of events in the family way back in 2014. I was not prepared for running Retail Businesses or E-Commerce although Consulting was always on the cards. While all my entrepreneurial escapades went bust including a few Crores of personal savings between my wife and me, what has remained are memories and learnings. Something which I will cherish all my life and of course, am putting them to good use every day. Working for a retail company is very different than running one, for it’s easier to get paid than to pay employees. My hyperlocal ecommerce venture, which is incidentally the most utilized today during the N-Covid Crisis, where we delivered FMCG from nearby Retailers to Consumers was way ahead of time, perhaps. I received messages from a few friends over the last few days and even potential Investors who appreciated my forethought but was difficult to execute it then, due to lack of funds then.
Miles2Go Advisory Services, my Consulting firm worked with at least 50 Entrepreneurs on business ranging from Jewellery to Organic Bio-Manure, Agri-products to Idli-Sambar serving restaurant chains. Airports, Railways, Travel Retail Concepts were some of the areas where I worked in various consulting roles. This rich experience and exposure for over 60 months has helped me immensely as I wade my way through this complex maze of Retailing, yet again wearing a new hat (and new clothes!). I am learning every day; with a clean slate every morning – that I do not know anything about Retailing or the Retail Industry and that I get one more day to (unlearn) and learn from scratch.
I have Miles to Go. I have just begun.
12 February, 2020
Heavier Crown, a Lighter Head is the Aim
Grocery Retail - Where my Retail career started. |
There were two frogs which were climbing a small hillock. Fellow brethren told them not to venture since there was danger lurking ahead. One frog came back to where it started while the other frog kept leaping ahead and finally reached the summit. There was no danger there, rather there was a bounty in the offing. While everyone wondered why the frog never listened to anyone, they later realised that the Frog was deaf (to their comments and feedback) and surged ahead with a clear goal in mind.
Looking back, I missed several buses in other industries and lucrative job opportunities, but do I have a sense of grief or regret? Not a bit. I am very glad I chose this path and shall always be proud of what this Industry has taught me as I look forward to contributing meaningfully to my Country.
02 January, 2020
Highway Retailing – Retail 2020 (Article #6)
29 December, 2019
Book Retailing - Retail 2020 (Article #5)
However, over time, these organized retail businesses became sluggish and slowed down on Sales. Visitors and shoppers to bookstores declined and ultimately many of the chains went bust, hailing a new era of depending on online booksellers like Flipkart and Amazon to order books and getting them delivered at home for reading at their convenience. Honestly, this is similar to ordering a crisp Masala Dosa from Swiggy and eating on your personal dining table, if you know what I mean. Just like fresh food consumed at a restaurant, books also have an aroma and a feel, the smell of paper that is unique to bookshops and to lending libraries.
24 December, 2019
Luxury Retailing - Retail 2020 (Article #3)
Many years before when I was responsible for setting up India’s first ever retail arena at India’s first private airport at Bangalore in 2006, I had a special focus on creating a luxury retail zone. When I approached global brands like Apple, GAP, Omega and many others in India and abroad, they didn’t evince much interest. For India was not even a budding Luxury market then. Mont Blanc writing instruments, which is among the Top Brands sold across Airports worldwide didn’t have a presence in India at the time with a standalone store and we were keen to bring them on board at the Airport with an exclusive store, but the principals politely declined the offer. I have a long list of such disappointments from my tenure at BIAL.
Today, things are different. The global luxury market is pegged at US $1.3 Trillion annually (including services such as Travel, Resorts and Hospitality) and India alone has an estimated market size of $6 billion growing at 9% CAGR since 2012 – across various categories ranging from Watches to Clothes, Automobiles to Cigars, Wines to Writing Instruments and so on. Incidentally, the Luxury Market size of China is pegged at $25 Billion and growing twice as fast as that of India. USA remains the largest contributor to global luxury retailing at over US $85 billion followed by Europe at an estimated US $65 billion.
Same is the case with electronic products, especially from brands like Apple or Bang & Olufsen. Apple fanboys (and fangirls) stand in Q all night to buy their coveted new launches since they mostly appreciate the features the product offers. Unlike in India, where the latest iPhone is more a symbol of prestige in the society and the associated benefits (like getting a table faster at a restaurant – I am not kidding!). While brands like Bose remained “luxury” and niche until a few years ago in India, thanks to deep discounting and presence on e-commerce websites, they are now competing with local and Chinese imports in their respective categories.
23 December, 2019
Music Retail - Retail 2020 (Article #2)
Times have changed so much that during the Darbar Music launch, there wasn’t any CD which was actually released in the open market. While Music Retail (offline) is almost dead, online Music Retail through streaming websites and Apps is here to stay. Else, why would the young Aakash Ambani pay a premium of USD 100 million to acquire a Music over-the-top (OTT) app Saavn to add to Jio’s portfolio to build a USD 1 Bn entity?
22 December, 2019
Salons & Grooming - Retail 2020 (Article #1)
13 December, 2019
Retail Employees Day
A Firefly finally takes off
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