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Explainer: Why are grocery retailers teaming up with tech giants?

Reuters  |  BERLIN 

By Emma ThomassonBERLIN (Reuters) - France's Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off.HOW BIG IS GROCERY ECOMMERCE?Global grocery retailing is worth $5.9 trillion, according to figures from market research provider Euromonitor. Online sales of food and drink only accounted for about 1.5 percent of that in 2017, but are growing fast in some key markets. The figure is much higher in countries where retailers have quickly ...

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First Published: Wed, June 13 2018. 21:00 IST