The Great shift: Online grocery market look to transform the last mile delivery in KSA: Ken Research
The Online B2B grocery is witnessing a huge surge in online shopping due to a Shortage of supply chain financing and COVID that led Bakalas in KSA to adopt various B2B platforms to refill stocks amid the lockdown.
Currently, KSA digital B2B grocery market is growing with a double-digit CAGR owing increase in smartphone and internet penetration in the country. But the market is looking for other factors as well to drive more growth in the industry. Is it technology development? Let’s find out!
1. Saudi Arabia has the largest social media presence in the world with ~39 Mn mobile subscribers amounting to 11% of mobile penetration in 2021
2. Rising population of online shoppers and their demands for easier access to goods and services are giving a major boost to the E-commerce market in KSA
3. The online B2B grocery sector is also witnessing a massive surge in online shopping due to COVID that led Bakalas in KSA to adopt various B2B platforms to replenish stocks during the lockdown
4. The sector has evolved over the years and is also observing the emergence of many new Online B2B Grocery players. Sary and Retailo have been trying to digitize the wholesale supply
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5. Major revenue of online B2B grocery players comes from commission where in the Manufacturers are on boarded by Online B2B grocery platforms
6. Increasing smart phone penetration and higher customer stickiness are accelerating the growth of the Online B2B grocery industry in KSA
7. Tech development like Robots, Drones, and autonomous delivery vehicles are expected to transform the last mile delivery and will fuel the growth of the KSA Online B2B grocery sector in the future
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