InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

Online Supermarket Sales Sore Amidst Lockdown

Amid Coronavirus lockdown across Britain, the British online supermarket Ocado has seen a jump in retail revenue to as much as 40.4 percent in its second quarter to date as it ramped up capacity to meet the unprecedented demand.
Since March 23rd Britain has been on lockdown. However, the British Prime Minister Boris Johnson has said, the peak of the pandemic is now over and the country can see a gradual ease of restrictions.
In March, the online supermarket was forced to cease registration from new customers and started a queuing system after the increase in web traffic by several hundred percentage.
“It took us a few weeks to adapt to a completely new situation, and I know we didn’t serve our customers as well as we’d liked (to),” finance chief Duncan Tatton-Brown told reporters.
Post-crisis, all the top four grocery service providers, named Tesco, Sainsbury’s, Asda and Morrisons – have been gradually increasing their online capacity to meet some of the extra demand. But even if delivery capacity doubled, atleast 85% of the entire market would still have to be served by stores.
“There is too much demand in the UK for online (grocery) for the UK operations to serve that,” said Tatton-Brown.
“So as an industry we can’t meet the demand, and Ocado is one of the players in the industry and therefore shares that disappointment.”
Since the pandemic, Ocado has increased its capacity to enable the delivery of over 40 percent more groceries in UK, with its warehouses running at their peak and at their best efficiencies. Ocado Retail is a joint venture between Ocado Group and Marks & Spencer. Ocado’s supply deal with Waitrose will finish at the end of August, when it will be replaced with M&S.

Previous Post

Bavarian Car Manufacturer Cuts Outlook

Next Post

Ways to Maintain Your Mental Health While Remote Working

Next Post

Ways to Maintain Your Mental Health While Remote Working

Recent News

Samsung Cloud Gaming Hub Features Xbox, Twitch, and many more Exciting Apps
Recent News

Samsung Cloud Gaming Hub Features Xbox, Twitch, and many more Exciting Apps

In order to improve the gaming experience, Samsung has revealed its 2022 lineup of Smart TVs and monitors, which has...

Read more
Hyundai-Ioniq-6

Hyundai Unveils Design for Ioniq 6

Google-Earth-visual

Google Earth Observation Data Now Available Free for Companies and Governments

amazon-prime-day-logo

Amazon to Hold 2 Prime Day Events for the First Time Ever

Crypto Exchange FTX in Talks to Buy Robinhood

Crypto Exchange FTX in Talks to Buy Robinhood

Path Breakers

Golden Helix: Providing Leading Genomic Data Analysis Software

Golden Helix: Providing Leading Genomic Data Analysis Software

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary Olson, CEO, GHO Group LLC

GHO Group LLC: Bringing Vision to Reality

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.