How many “mom and pop shops” are there in Latin America? In our region, the traditional channel represents 50% of total sales, according to Nielsen. During the COVID-19 contingency, many product categories continued to grow in corner stores, more so than convenience stores, since they offer benefits like proximity and in some cases better prices, and the option to buy smaller quantities, which is key for low-income segments.
Despite its importance in the region, the way these corner stores operate is almost the same than in the last 50 years. In fact, one of the most relevant changes was going from traveling sales to pre-sales, i.e. from buying directly from the supplier’s truck to placing orders.
If we think about all the salespersons that supply corner grocery stores in a week, we can see this problem has a lot of room for improvement and the best way to achieve this is through digitization, and more specifically c-commerce.
Today we share with you the benefits that conversational commerce offers corner stores and mass consumer goods companies:
An additional point worth mentioning is that by digitizing the relationship between small businesses and households, stores become allies of mass consumption companies in selling their products. There is a huge area of opportunity since these businesses today reach 400 million people in Latin America!
If your company sells through corner stores, it is time to analyze the mechanisms to digitize the relationship. Don’t hesitate to look us up if you need advice on how to get the store owner to contact you and place your order with just a WhatsApp message.
“Hi, a heat wave is expected next week in your city. In past similar occurrences, ice cream sales have increased 20%, prepare your inventory now so you don’t run out of supply!” What if the corner shop owners could receive valuable information like that?
Have you ever received an offer from a brand that was completely irrelevant, and way out of context? Have you ever been pushed on a product that didn’t fit your needs?
You may have heard over and over that our beloved local retailers were nothing but doomed. Amazon was going to crush them. Then the coronavirus would shy everyone away. Soaring prices were sure to make them lose most customers to big supermarkets...
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