Executive Briefings

Supermarkets Are Now Both Brick-and-Mortar and Virtual

In one of the biggest flops of the dot-com era, Webvan went bust less than two years after its $375m initial public offering in 1999. That's because it built a warehouse and distribution system for products that are already available within three miles of most consumers, says Rich Tarrant, CEO of MyWebGrocer.

By focusing on building software rather than physical infrastructure for the $550bn U.S. grocery industry, MyWebGrocer, based near Burlington, Vt., became the industry's leading provider of digital services.

MyWebGrocer initially concentrated on selling to supermarkets software that allows shoppers to order online for pickup at their local stores. Participating stores report an average online order of $168, vs. about $30 for an average in-store purchase, the company says. MyWebGrocer has since expanded int other services.

Read Full Article


Keywords: retail supply chain, online grocery purchasing, value chain, value chain IT, supply chain management IT, supply chain solutions

By focusing on building software rather than physical infrastructure for the $550bn U.S. grocery industry, MyWebGrocer, based near Burlington, Vt., became the industry's leading provider of digital services.

MyWebGrocer initially concentrated on selling to supermarkets software that allows shoppers to order online for pickup at their local stores. Participating stores report an average online order of $168, vs. about $30 for an average in-store purchase, the company says. MyWebGrocer has since expanded int other services.

Read Full Article


Keywords: retail supply chain, online grocery purchasing, value chain, value chain IT, supply chain management IT, supply chain solutions