How many “mom and pop shops” are there in Latin America? In our region, the traditional channel represents 50% of total sales, according to Nielsen. During the COVID-19 contingency, many product categories continued to grow in corner stores, more so than convenience stores, since they offer benefits like proximity and in some cases better prices, and the option to buy smaller quantities, which is key for low-income segments.
Despite its importance in the region, the way these corner stores operate is almost the same than in the last 50 years. In fact, one of the most relevant changes was going from traveling sales to pre-sales, i.e. from buying directly from the supplier’s truck to placing orders.
If we think about all the salespersons that supply corner grocery stores in a week, we can see this problem has a lot of room for improvement and the best way to achieve this is through digitization, and more specifically c-commerce.
Today we share with you the benefits that conversational commerce offers corner stores and mass consumer goods companies:
An additional point worth mentioning is that by digitizing the relationship between small businesses and households, stores become allies of mass consumption companies in selling their products. There is a huge area of opportunity since these businesses today reach 400 million people in Latin America!
If your company sells through corner stores, it is time to analyze the mechanisms to digitize the relationship. Don’t hesitate to look us up if you need advice on how to get the store owner to contact you and place your order with just a WhatsApp message.
Yes, we know, every tech company tells you that security is a top priority for them, and in that regard, we are no different. But we really mean it and we want to share with you how we are enabling end-to-end secure commerce for the messaging era.
But is it secure? That’s one of the main questions users ask themselves when they make an online purchase. Users expect to pay for a product just as easily and securely as they send a message.
Yalo Raises $50 Million in Financing Led by Existing Investor B Capital. Financing Will Support Expansion in Latin America and Southeast Asia; Development of New Conversational Commerce Products.