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It started on March 12th. Almost overnight the volume of orders being handled by retailers on our platform jumped significantly. We are seeing retailers having between two to ten times the volume in online orders than what they were doing a few days earlier.
The surge in online grocery orders in something we could never have expected. The average annual growth rate across the retailers on our platform has on average been 15%. Mighty Oaks has been providing online grocery solutions since 2002, in those 18 years we have never seen anything like this.
Since our platforms directly manage the e-commerce and logistics for a number of food retailers and wholesalers in Canada, the US and Latin America we recognize the role we play in the food supply chain in these difficult times. We are committed to ensuring our platform continues to meet the needs of our retailer during these challenging time.
5 Key Insights:
1. Better pickup means consumer personalization options with predictability and reliability, delivery within 2 days or less.
2. We also need to add revenue generation to reduce costs for online delivery without losing sight of 5-star customer satisfaction ratings.
3. Empowering consumer convenience is a delivery choice as to when/where to receive their packages. Convenience means increasingly tackling the food retail last mile challenge.
4. Delivery with Wow! Remarkable customer expectations at the core are points in the consumer brand journey that differentiate one retailer from its competition, one customer from another with personalization.
5. Mobility is King (or Queen). Mobile e-commerce encourages economic diversity that is flexible, scalable and an integrated fulfilment with inventory and network closer to the consumer.
Mighty Oaks is pleased to participating again at the Saskatoon Advanced Business Match at TCU Place in Saskatoon, February 3-5 2020. ABM brings together ingenious communities from across Alberta, Saskatchewan and Manitoba with a host of business interested in working with and building collaborations with these communities.
Mighty Oaks is part of the Team Canada at CES 2020. Come see us at the Canada Booth in the Las Vegas Convention Center Center Hall.
There will also be a full scale Hussmann Smart Exchange Locker in the center of the Panasonic Booth on the main floor of the convention center where you can try out the solution in person.