Glovo Local Launches To Help Small Businesses Thrive Amid Economic Downturn | Business News

With inflation and rising utility costs placing stress on each disposable client earnings and enterprise margins, Glovo— a pioneering multi-category app —has right now launched Glovo Local, a brand new program for small and medium-sized companies within the retail and restaurant industries to allow them to digitise their services and products in an effort to increase their progress.
 
Launching in all 25 markets through which Glovo operates, Glovo Local is the primary such program in Europe, Africa, and Asia that gives a consolidated portfolio of providers and options for small & medium-sized companies, particular to their wants.
 
Services out there to them embody digital and operational options for their very own channels and shops; devoted instruments to assist them handle their operations at level of sale (from information insights to offering provide chain options), and develop their companies with advertising and promoting capabilities to assist them attain new clients and improve their visibility. All of that is embedded in an ecosystem of studying and growth alternatives with devoted tutorials and assist inside their digital journey.
 
Glovo Local is an all-in-one hub the place native companies can decide and select options primarily based on their wants and needs by means of a single web site.
 
Rodrigo Alier, Executive Director, Partners & Brands at Glovo, mentioned: “Only 20% of merchants globally conduct their business online—highlighting the urgent need for more to find routes to digitisation. More than 100,000 of the businesses we work with globally are small local businesses, and the cost-of-living crisis is weighing heavily on them.
 
Glovo aims to have more than 250,000 small local businesses online by the end of 2023. We acknowledge the role we play in helping those businesses thrive, and with Glovo Local we put them front and centre of our strategy, doubling down on our tech and operational efforts to bring them more and better solutions to boost their businesses. Using the tools Glovo Local provides, we can help them reach more customers, accelerating their way to growth and sustainable profitability. This is how we pave the way for businesses to grow and boost local economies.

“From research we’ve recently conducted in nine countries, it’s clear that businesses are collectively expecting a tough time ahead. Every second business sees itself unprepared for the future. In the UK alone, that number goes up to 80%, with two-thirds already in survival mode. Glovo Local and all its brandnew technological capabilities havebeen developed with one goal in mind – to help these businesses not only see a way through current economic turmoil, but to go from surviving to thriving.”
 
The launch of Glovo Local coincides with analysis commissioned by Glovo in 9 markets. It discovered that 80% of small and medium-sized UK companies within the retail and restaurant industries are apprehensive about their future profitability, and 32% had been dealing with the problem of decreased client spending. The analysis additionally reveals that just about half of companies in Spain (46%) are discovering it tough to maintain up with the tempo of change and 57% in Romania say shoppers are extra targeted on digital experiences than in-store.
 
Many eating places, retailers, and grocery companies surveyed throughout Europe and Africa mentioned that they scaled up their advertising and promoting efforts to fight decrease client demand, however typically lack the sources they should perform broad advertising actions. Glovo Local opens up very important routes for companies into progress, innovation and continued buyer expertise.
 

Source: Peacefmonline.com/Ghana

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