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Grocery Stores – Philippines

Pandemic-driven growth of grocery sector in Philippines 

The food retail sector in Philippines is highly saturated with supermarkets, hypermarkets and even retail chains. According to the USDA the market leader is the supermarket chain Supervalue (SM)  followed by PureGold and Robinsons. Other Supermarket chains in Philippines include Metro Retail, Super8, WalterMartAllDay Supermarket, and the warehouse clubs S&R Membership Shopping and Landers Superstore. 

In 2016, the retail sales value of Philippines’ supermarkets amounted to approximately 10.2 billion U.S. dollars. The Philippines’ retail industry thrives on food sales, resulting in increasing retail sales value of supermarkets yearly. 

Filipinos’ increasing food consumption has been driving growth in the food retail sector over the last few years. Spending on essentials, particularly on food items by Filipino households, have contributed to this significant growth. 

Nevertheless, in 2020 the Philippines retail sector faced the challenges of the pandemic and lockdown restrictions. Traditional supermarkets that were survived by customers dropping by their stores had to look at different alternatives. Many made the transition of becoming online shops and started delivering their products. While this brought the challenge of increased transport cost, sanitation costs and online fees, a study conducted by the USDA suggests that there was a 50% surge in revenues at the height of the pandemic. This study suggests that the increase in demand for food and beverages comes from change in lifestyles, the increase of people staying at home and focusing on their well-being.

Furthermore, in its Foreign Agricultural Service report, the USDA noted that there is a $10billion growth of the industry which then amounts to $60 billion. A study conducted by modor intelligence forecasts a further 4% CAGR growth  by 2026 of the Philippines food retail sector. 

Thus, it is apparent that the pandemic brought more opportunities than challenges for the Philippines food retail sector.  

A silver lining in harder times 

In the wake of the Pandemic where businesses are finding themselves at a standstill, increasingly finding it hard to operate and manage staff, it so happens that those businesses who have opted in for SalesPlay POS is able to stay afloat despite the crisis.

By opting for a cloud based mobile point of sale and accounting software, businesses can fight the inconveniences of remote work or lockdowns, against all odds by delegating, communicating and monitoring processes while working from home.

How can SalesPlay beat the odds of the lockdowns? 

A cloud based accounting software such as SalesPlay is a convenient tool where a merchant or business can easily download through Google Playstore and start using it for free on any smart device.  

  1. SalesPlay for universal accessibility: Viewing data, tracking inventory, expenses, sales and outlet performance is possible any time from anywhere. SalesPlay makes it possible for you to view real time data and access reports through the cloud accounting software.  
  2. Work smarter and faster: With the SalesPlay POS and cloud based accounting system you can gain accurate accounting results and transaction reconciliations. If you are a small business and not wanting to spend money on hiring an accountant, the SalesPlay POS and Cloud based Accounting system will give you that freedom and compliance, while freeing your time for growing your business and other more crucial matters 
  3. Secured privacy and data: the SalesPlay POS and Cloud based accounting software gives you a unique role based access control.  
  4. Reach out for advice: When ever you need clarity on a function or a goal like transferring a Purchase Order based on a GRN or how to get a report of creditors you can reach out to our customer success teams on social media or email and we will reach out for help  

If you have not yet availed SalesPlay Point of Sale Software, with the cloud-based accounting and compliance solution, then it is time to act fast and adopt the best accounting softwareFind out more on www.salesplaypos.com. And follow us on Linked in, Facebook and Twitter