Big Basket was able to grow during the COVID-19 pandemic through resilience and doing more with less. When the lockdown was announced, Big Basket lost 80% of its workforce but was able to hire over 12,000 people in just 16 days to meet the surge in demand. Another key was becoming more innovative, doing things like community delivery with fewer resources. Big Basket's CEO emphasized the importance of being a learning organization and continuous training and innovation.
Big Basket was able to grow during the COVID-19 pandemic through resilience and doing more with less. When the lockdown was announced, Big Basket lost 80% of its workforce but was able to hire over 12,000 people in just 16 days to meet the surge in demand. Another key was becoming more innovative, doing things like community delivery with fewer resources. Big Basket's CEO emphasized the importance of being a learning organization and continuous training and innovation.
Big Basket was able to grow during the COVID-19 pandemic through resilience and doing more with less. When the lockdown was announced, Big Basket lost 80% of its workforce but was able to hire over 12,000 people in just 16 days to meet the surge in demand. Another key was becoming more innovative, doing things like community delivery with fewer resources. Big Basket's CEO emphasized the importance of being a learning organization and continuous training and innovation.
STUDY IN THE CONTEXT OF THE CURRENT PANDEMIC SCENARIO? Ans: - The Company hired over 12,000 persons in 16 days to meet the surge in demand as people started turning to digital platforms to shop for grocery items amid the lockdown Resilience and ‘doing more with less’ were two key tenets followed by Big Basket during the Covid-19-induced lockdown that helped the online grocery retailer sail through and grow, a top company official said on Friday. Big Basket co-founder and CEO Hari Menon said the company hired over 12,000 persons in 16 days to meet the surge in demand as a large number of people started turning to digital platforms to shop for grocery items amid the lockdown. Recounting his experience at the ‘Isha Insight: The DNA of Success’ event, Menon said the company lost 80 per cent of its workforce within two days, just as the nationwide lockdown was announced in March. “Stores were shut, people scared to get out and orders were pouring in (for Big Basket). There was a surge in business, and we had 20 per cent workforce. We realized that we can’t give this up... (Realized) how important this quality is...resilient organizations are winners,” he added. He said the company hired 12,300 people in 16 days, which demonstrated the power of resilience. E-commerce companies had initially struggled to deliver orders after the 21-day lockdown, imposed to contain the spread of coronavirus, came into effect from March 25. Even though the government had allowed delivery of essential goods including food, pharmaceuticals and medical equipment through e-commerce platforms, players complained that their delivery staff was being hassled by police. Also, with local authorities shutting down warehouses and stopping trucks from crossing state borders, e-commerce players had seen massive disruption in their operations even as orders spiked during the lockdown. Menon noted that another critical aspect is that resilient people become more innovative in times of crisis. “And, when you become more innovative, you start doing more with less. I made the organization internalize this — ‘doing more with less’. Shortage of people, making sure we use technology to the hilt, make sure we come up with new things like community delivery, we did about 60 innovative things, and the whole theme was doing more with less,” he said. The 59-year-old executive also emphasized on the importance of being a learning organization. “An organization needs to be a learning organization and the first thing we did at Big Basket was set up an excellent training and innovation function,” he said. B. HOW CAN BIG BASKET STRATEGIZE TO TARGET THE SMALL TOWN MARKET IN INDIA? Ans: - It has over 10 million customers. Its customers are working people, students, old people who have no time or energy to go to grocery stores, stand in line and buy the necessary products. Big basket helps these people to browse through a huge variety of quality grocery items. Customers can order the required products which will be delivered within 90 minutes for express delivery or next morning for slotted delivery. Big basket has acquired 100% stakes in milk delivery ventures Raincan and morning cart. It got a controlling stake in smart vending machine startup Kwik24. The milk delivery service was branded as BB daily where customers can get milk delivered to their home in the morning everyday through subscribing for a fee. Big basket has also installed over 100 smart vending machines in Bangalore. Customers can order through BB instant app and get the products from vending machines. It also acquired a hyperlocal delivery startup named delyver. It helped to strengthen its delivery system in all the cities it is operating in.
C. HOW CAN IT ACHIEVE SUCCESS IN THIS CATEGORY,
AGAINST COMPETITION FROM THE KIRANA SEGMENT? Ans:- • Slotted Delivery: Customers can pick a convenient slot when they want their purchase to be delivered. • Express Delivery: This service can be availed by customers in cities like Bangalore, Mumbai, Pune, Chennai, Kolkata, Hyderabad and Delhi-NCR. Delivery will be done within 90 minutes • BB Specialty stores: Big basket has partnership with specialty stores like Karachi bakery. Customers can request a product from the store which will be delivered within 90 minutes.
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