The restaurant market in Bangladesh has witnessed remarkable growth over the past decade, with 59% growth in the number of establishments increasing from 0.2 million in 2009-10 to an impressive 0.5 million today. However, despite this rapid expansion, the sector has struggled with fragmented supply chain management, leading to delayed deliveries, inconsistent pricing, and the need to visit multiple markets for sourcing products. In light of these challenges, PriyoShop has emerged as a game-changer, offering a comprehensive ecosystem that connects restaurants with brands, streamlines the ordering process, and revolutionizes sourcing efficiency.
The Predicament of Restaurant Supply Chain Management:
Traditionally, restaurants in Bangladesh have relied on local markets, brands and distributors for sourcing their required products. Unfortunately, this decentralized approach often leads to inefficiencies and frustrations. Restaurants face difficulties in obtaining products on time, suffer from a lack of pricing transparency, and endure the hassle of visiting multiple markets to collect different items. Additionally, relying on giant brands for deliveries poses the problem of extended waiting periods ranging from 7 to 15 days, hindering the smooth functioning of restaurants.
PriyoShop’s Full-Stack Ecosystem:
PriyoShop recognized the challenges faced by the restaurant industry and has developed a comprehensive solution to address these pain points. Through its full-stack ecosystem, PriyoShop bridges the gap between restaurants and brands, providing them with a seamless platform for sourcing their required products efficiently. To solve these problems PriyoShop offers-
1. Easy-to-Use App:
PriyoShop offers an intuitive and user-friendly app that empowers restaurant owners and managers to effortlessly browse and order from a wide range of products. The app enables them to save time and effort by eliminating the need to physically visit different markets and distributors. With just a few taps on their smartphones, they can access a diverse catalog of products at their fingertips.
2. WhatsApp Marketplace:
Understanding the prevalence of WhatsApp and the number of low-end smartphone users as a communication tool in Bangladesh, PriyoShop has leveraged this platform to facilitate transactions between restaurants and brands. By integrating WhatsApp into its ecosystem, PriyoShop enables seamless communication, allowing restaurants to place orders, inquire about products, and receive real-time updates with ease.
3. Logistic System:
To further enhance the efficiency of the supply chain, PriyoShop has developed a robust logistic system. This system ensures swift and reliable delivery of products directly to restaurants, eliminating the need for restaurant owners to bear transportation costs. By streamlining the logistics, PriyoShop minimizes delays and enables restaurants to maintain a consistent supply of products.
Empowering MSMEs through Digital Trade:
PriyoShop’s innovative solution is not only revolutionizing supply chain management but also empowering Micro, Small and Medium Enterprises (MSME) to embrace digitalization and elevate their businesses. By providing a one-stop platform for all their sourcing needs, PriyoShop enables MSMEs to adapt technology and experience growth of up to 20% in their operations. This digital transformation allows restaurant owners to focus on providing an exceptional dining experience to their customers while leaving the hassle of sourcing to PriyoShop.
PriyoShop’s vision extends beyond mere convenience. They aim to serve all restaurants nationwide gradually, empowering not only their businesses but also their lifestyles. By providing a seamless platform for sourcing, PriyoShop is enabling restaurant owners to enhance their operations, increase profitability and drive sustainable growth. With PriyoShop as its trusted partner, the restaurant industry in Bangladesh can look forward to a future of streamlined supply chains, improved efficiency, and greater success. PriyoShop’s commitment to empowering businesses and enhancing lifestyles sets the stage for a vibrant and thriving restaurant market in Bangladesh.