Tag Archives: market

Online Grocery: Making Business Matter launches Free Whitepaper on the emerging Rapid Grocery market

In an era of technology and ecommerce, Online Grocery has been around for some time even prior to the pandemic, with online ordering, home delivery slots and Click+Collect. An increase in popularity, consumer demand and consumer expectations sees the rise of Rapid Grocery, with services such as Getir, DoorDash, Gorillas, and Tesco Whoosh becoming more prevalent.

Rapid Grocery creates a whole new market: The 10-minute delivery.

Soft skills training provider Making Business Matter has compiled an in-depth Online Grocery Report for commercial professionals, which is freely available for download now.

The Online Grocery Report aims to enable readers to:

  • Learn more about the new era of grocery retail.
  • Talk credibly about the Rapid Grocery market.
  • See how the world’s market share breaks down across the globe.
  • Explore the online performance of the market players.
  • Understand some basics of SEO to know the battleground.
  • Share opinions on how the future looks.

Foreword of the Report is from the MD of Arla Foods UK, Ash Amirahmadi

“Technology-led disruption has been a key trend in the UK grocery sector and rapid delivery has been both an exciting and important development. Understanding the dynamics, and building awareness and knowledge are key for industry professionals. This report is the definitive guide and therefore I am delighted to support its publication.

Having worked with and known the team at Making Business Matter for a number of years I have been impressed with one of their core values of building capability in the grocery sector. They have consistently focussed on easy to understanding content and giving back to the industry, with which they are deeply passionate.

This publication is a must-read document for commercial professionals who are looking to develop their strategy for rapid delivery”.

The 70-page report is now available and covers everything from a detailed understanding and overview of Rapid Grocery, real-life examples, the global market, online performance and much more.

Resources:

Download the report at https://www.makingbusinessmatter.co.uk/online-grocery

Three in five house sellers stung by unexpectedly large estate agency fees

The majority of UK homeowners are unprepared for the large estate agency fees when selling a house, a new study has revealed.

The research[1], conducted by free online estate agent, Strike, surveyed 1,000 people who have sold a house in the last decade and found that nearly three in five (58%) sellers had to pay more than they’d expected. Over a third (34%) were charged significantly higher fees than they had budgeted for.

These figures are higher for those who have sold their homes recently, with 62% hit by unexpected charges in 2019, compared to just 48% in 2010. This trend correlates with an increase in prices over the same period, with fees having risen by 42% from £3,035 in 2010 to £4,319 last year.

With average house asking prices reaching record highs this year[2], these figures will continue to grow, as most agency fees are calculated by taking a percentage of the property’s value.

Over the last decade, the average price paid by UK sellers to estate agents is £4,779, but many pay far more. More than one in ten (11%) Brits pay over £10,000 to move.

Interestingly, millennials pay far higher estate agency fees than other age groups. On average, 25-34 year olds are charged £6,421 when selling, with nearly a fifth (19%) paying over £10,000. This is more than double the amount paid by other generations, with 55-64s spending just £2,836.

Gender is another factor, with men paying 19% more than women. Male sellers pay an average of £5,226 to sell their home – £820 more than women (£4,406).

The most important variable, however, is location, with sellers in London paying by far the largest fees in the UK. With an average of £6,573, estate agencies in the English capital charge more than twice as much as those in other major cities, such as Cardiff (£3,255), Manchester (£3,265) and Glasgow (£3,273).

The cities with the largest estate agency fees are:

London – £6,573
Birmingham – £5,622
Southampton – £5,481
Bristol – £5,316
Belfast – £4,667
Norwich – £4,338
Liverpool – £4,221
Edinburgh – £3,690
Sheffield – £3,405
Glasgow – £3,273
Manchester – £3,265
Cardiff – £3,255
Newcastle – £3,167
Leeds – £3,000
Nottingham – £2,854

Despite such high fees, more than two in five (44%) UK sellers were unhappy with the service provided by their estate agents. Dissatisfaction was greatest in Belfast, where 58% said they were unimpressed. Homeowners in the Northern Irish capital were also the most likely to pay more than they expected (83%), suggesting a strong link between fees and overall selling experience.

Sam Mitchell, CEO at Strike, said: “Estate agent fees are often the most significant expense when moving house, especially with the current stamp duty relief, and it’s really interesting to see which factors affect how much people pay.

“At Strike, we help people sell their homes for free, which saves them thousands of pounds, no matter where they live. With no estate agency fees, you have more money to spend on the things that really matter, like your new home.”

For expert advice on how to save money when selling your home, visit: https://strike.co.uk/latest-news/how-much-does-uk-waste-estate-agent-fees

UK reduces its oil imports by over 75 million barrels in five years

The UK has reduced its oil imports by more than a fifth (21%) in five years, a new online tool from Daily FX has revealed.

While the country remains the 12th biggest global importer of oil, including petroleum oils, it has taken great strides towards reducing its reliance on such environmentally-harmful fuels.

Between 2013 and 2018, the UK had the eighth-best rate in Europe for reducing such imports, with its intake dropping by 76.9 million barrels (from 359 million to just over 280 million).

Malta (93%) and the Republic of Moldova (92%) experienced the most significant decreases across the continent.

The data has been visualised on a new interactive tool built by Daily FX, the leading portal for forex trading news, which displays global commodity imports and exports over the last decade.

The tool shows that China has recently overtaken the USA as the world’s biggest importer of oil. The Asian giant imported nearly 3.4 billion barrels in 2018, which was over 240 million more than the USA. China tops the list having increased its oil imports by 64% since 2013 – nearly six times the rate of its rival (11%).

The top 10 global importers of oil (2018) are:

  • China – 3.38 billion barrels
  • USA – 3.14 billion barrels
  • India – 1.65 billion barrels
  • Japan – 1.09 billion barrels
  • The Republic of Korea – 1.09 billion barrels
  • Germany – 622 million barrels
  • Netherlands – 506 million barrels
  • Italy – 460 million barrels
  • France – 397 million barrels
  • Singapore – 376 million barrels

Daily FX’s unique tool allows traders to spot developments in the flow of commodities and the growth of both supply and demand while comparing the changes to critical economic indicators.

One trend highlighted by the tool is the decreasing reliance on oil among African countries. Five of the world’s ten best nations at reducing oil imports are found on the continent, including the top four. Morocco, Kenya, Burundi and Gambia all decreased such imports by over 99%.

John Kicklighter, Chief Currency Strategist at Daily FX, said:

“The world is changing and so is the way that it uses energy. Renewable and environmentally-friendly fuel options are the future, and while the end of crude oil is still far off, there will be considerable changes in the world’s top importers and exporters. Our new tool helps track those changes.

“While some of the larger countries have increased their appetite, it is interesting from an investor’s perspective to see the UK exploring alternative energy sources and reducing its dependence on oil.”

‘Global Commodities’ takes the form of a re-imagined 3D globe where the heights of countries rise and fall to show the import and export levels of a range of commodities over the last decade. The data visualisation allows users to switch views from a single commodity or market and show information relevant to that commodity or market’s performance.

To learn more about Global Commodities and view the tool, visit: https://www.dailyfx.com/research/global-commodities