Many local businesses are impacted due to the arrival of supermarkets in many developed and developing countries. People believe that these kind of establishment will kill the local communities. In this essay, I will discuss about the reasons for the existence of such markets and how it impacts other local vendors in the society.
Firstly, such markets exists on a large scale in the metro cities where it is densely populated. Due to the massive development in technology in many countries, people tend to migrate from their native for a better lifestyle and this results in overcrowding. Shop owners tend to open or expand their stores in such areas where they can achieve high profits in a short time. Secondly, these shops will sell their products at a higher margin, which might not be affordable to many consumers in the community. Despite these cost differences, many customers are attracted due to the convenience it offers in choosing a product. Mostly all supermarkets and hypermarkets these days accept digital payments which is another benefit for people looking for a quick checkout.
Local owners are finding it very difficult to compete with them due to various aspects such as ignorance in technology, financial limitations, rising living standards etc. . . On the other hand, suppliers are benefitting from these large markets where they can supply more products which can yield good returns. Most of the local business are occupying the rental premises and due to the increasing demands in rent, they are facing issues in expanding their stores to include more products. Thus, people prefer going to one store where they can buy most of their items. Such shopping comfort will definitely destroy the local vendors.
To conclude, the government should take proper measure to regulate these supermarkets in terms of size, cost and expansion. I firmly believe that overcrowding is the major cause for the growth of these markets. Companies and industries should be widely distributed across the nation to facilitate the growth of local business.
Many
local
businesses
are impacted
due
to the arrival of supermarkets in
many
developed and
developing countries
.
People
believe that
these kind
of establishment will kill the
local
communities. In this essay, I will
discuss about the
reasons for the existence of such markets and how it impacts other
local
vendors in the society.
Firstly
, such markets exists on a large scale in the metro cities where it is
densely
populated.
Due
to the massive development in technology in
many
countries,
people
tend to migrate from their native for a better lifestyle and this results in overcrowding. Shop owners tend to open or expand their stores in such areas where they can achieve high profits in a short time.
Secondly
, these shops will sell their
products
at a higher margin, which might not be affordable to
many
consumers in the community. Despite these cost differences,
many
customers
are attracted
due
to the convenience it offers in choosing a
product
.
Mostly
all supermarkets and hypermarkets these days accept digital payments which is another benefit for
people
looking for a quick checkout.
Local owners are finding it
very
difficult to compete with them
due
to various aspects such as ignorance in technology, financial limitations, rising living standards etc.
.
.
On the other hand
, suppliers are
benefitting
from these large markets where they can supply more
products
which can yield
good
returns. Most of the
local
business are occupying the rental premises and
due
to the increasing demands in rent, they are facing issues in expanding their stores to include more
products
.
Thus
,
people
prefer going to one store where they can
buy
most of their items. Such shopping comfort will definitely
destroy
the
local
vendors.
To conclude
, the
government
should take proper measure to regulate these supermarkets in terms of size, cost and expansion. I
firmly
believe that overcrowding is the major cause for the growth of these markets.
Companies
and industries should be
widely
distributed across the nation to facilitate the growth of
local
business.