In many developed and emerging countries, supermarkets and convenience stores went well beyond the initial upper- and middle-class consumers to reach the mass market in last half century. It lowered prices for consumers and created opportunities for manufacturers and suppliers to gain access to mass markets and raise incomes.
On the other hand, it created challenges for small manufactures and suppliers who were not equipped to meet the new competition and requirements from supermarkets. During the transformation from the traditional system to the modern system, most of informal businesses were wiped out.
Then, in the last decade, consumer lifestyles have shifted rapidly and people have adopted digital shopping channels.
Nonethless, in Africa’s cities alone there are more than 10 million informal shops selling over $180 billion worth of goods every year. There are over 180,000 KIOSKs in Kampala. Traditional trade accounts for over 80% of sales in Uganda.
We plan to integrate traditional retail channels to digital channels after developing KIOSK network.
It will be at the intersection of the physical and virtual channel to provide the following synergetic solutions;
- Central procurement to member kiosks to offer volume discount
- POS implementation to kiosks to grasp sales data
- Cash-less payment solution to kiosks (e-payment solution)
- Big data analysis for manufacture based on sales and payment data.
- Retail platform to manufacturers and suppliers