Competition and Industry News
Amazon India Continues To Expand India Infrastructure; Adds 5 New FCsedit
Amazon India announced it was increasing its storage capacity in 2018 by 1.5X over the previous year, as continued investment in its fulfillment infrastructure to match its rapidly expanding business in India. With the addition of five new Fulfillment Centres (FC), Amazon.in now has 67 FCs in 13 states, with a total storage capacity of over 20 million cubic feet. This includes the recently announced specialized network of 6 FCs for the large appliances and furniture category and another specialized network of 15 FCs to support the AmazonNow business.
Publication – MediaInfoLine.com (Online)
Date – April 28, 2018
Mind the Gapedit
The Indian design industry continues to stagnate with sparing examples. The popularity of online brands such as Pepper Fry and Urban Ladder make a case for the need for standardisation in furniture. The newly launched brand Sprint, by the Godrej group, offers a fresh and well-designed range of furniture.
Publication – The Indian Express (Online) The Indian Express (Print)
Date – April 28, 2018
Taking the leadedit
Swedish home furnishings company IKEA has announced the appointment of Peter Betzel as the new chief executive officer for its India business. He takes over from the outgoing India CEO Juvencio Maeztu, who moves to a global role as the CFO and deputy CEO.
Publication – Business India (Print)
Date – April 28, 2018