Competition and Industry News
Amazon Launches Flight Bookings in India in a Superapp Strategyedit
Travel companies have been waiting for Amazon’s inevitable next try at travel booking after shuttering its nascent hotel business in 2015. It now appears Amazon is making tentative steps to start offering flights. Powered by India online travel agency Cleartrip, Amazon has begun offering domestic flights in India.
Publication: Skift
Date: May 16, 2019
AmazonFurniture Market Size to Reach USD 654.60 Billion by 2025 at 2.64% CAGR, Predicts Market Research Futureedit
Furniture Market is Poised to touch USD 654.60 Billion by 2025 at an Impressive 2.64% CAGR during the forecast period (2018-2025), reveals the latest report by Market Research Future (MRFR). The market can grow due to rapid urbanization and migration of denizens to cities. Changing consumer tastes in indoor furniture and the boom in the real estate sector are other drivers of the market. The market was highly unorganized until the launch of online furniture stores which gave it the much-needed boost. Online retailers such as IKEA, Urban Ladder, and others have enticed customers with a variety of options and numerous designs.
Publication: Globe Newswire
Date: May 16, 2019
IKEAurban ladderThe Middle East is calling Indian sellers on Amazonedit
Amazon is opening up its exports business to enable Indian sellers on its platform to sell for the UAE and other Middle East markets, both of which have the highest Indian population outside of the country.
Publication: The Economic Times
Date: May 17, 2019
AmazonViable Alternative Emerges to Burning Paddy Straw in Punjabedit
Stubble burning creates a huge environmental problem and farmers of Punjab are aware of it but still resort to this practice, saying their is no viable alternative available. Worldwide Fund for Nature India (WWF India) is working closely with a major Ludhiana manufacturer and supplier of Swedish multinational IKEA to use rice straw as an energy feeder in boilers. The company currently uses pellets made of groundnut shell and wood chips for feeding in boilers. However, supply of groundnut shells is erratic and expensive while wood chips are voluminous and come with high moisture levels. Rice straw, on the other hand, is abundant and plenty but needs to be densified, states Baljeet Gill, Procurement Head of Jawandsons, which supplies textiles ...IKEA