What can grocers do to improve profitability?
As Incisiv’s Chief Insights Officer, Gaurav Pant, put it: “The current model is not sustainable for grocery retailers. If the existing sales and profitability trends continue, grocery retailers will lose $14 million in gross margin for every billion dollars of sales by 2025.” To get back on track, grocers need to cut the cord from third party platforms like Instacart. Growth without profits is unsustainable.
In a nutshell, that’s why we started Wynshop. Grocers should not be operating at a loss online, and they most certainly should not be reliant upon their potential future competitors to exist. As far as I can see, the only reason so many grocers continue to go down this slippery slope is that they do not realize that there is a ready and viable alternative.
Wynshop (formerly ThryveAI) is that alternative.
We began with deep digital expertise and technological innovation in our bones, but quickly saw that retailers in grocery and other dynamic sectors had a very unique set of challenges. And so we built an answer to those challenges that would allow our clients to grow their digital commerce businesses completely in-house, without suffering the high costs of development that only the biggest players in the market can afford.Our refreshingly easy-to-use digital commerce platform powers convenient, personalized, omnichannel shopping experiences that multiply shopper loyalty. Our process automation and optimization technology enables efficient in-house picking, reduces fulfillment costs, and gives retailers control across the customer journey. Our deep retail expertise and passionate commitment to service makes initiating and building digital commerce operations faster and yields better business outcomes than ever before.
Most importantly, our ambitious team of digital evangelists and innovators are obsessed with a solitary mission—to help our retail clients grow wildly successful online businesses. Wynshop does not just help retailers compete with the biggest players—we help them win!
Click here to download the full Incisiv report: “State of Digital Grocery: Growth at the Cost of Profitability”