AIA Ecosystem (OSA Hybrid Platform) Investor Report, April-June, 2020
Greetings from AIA Ecosystem, an industry leader in retail tech providing a full range of product availability and smart task management, education for store staff, real time analytics and business intelligence services to retailers and manufacturers of consumer packaged goods (CPG), and the developer of OSA Hybrid Platform, an AI-driven and industry-proven platform that solves on-shelf product availability issues in real time and provides immediate actions to drive availability, sales and store labor!
As a reminder, AIA Ecosystem is the new name for OSA Hybrid Platform portfolio of retail tech solutions, that reflects both the evolution of the company from its beginnings as an on-shelf availability (OSA) solution, as well as its vision for the future as an AI-based online-to-offline (O2O) retail services ecosystem, encompassing the full range of business processes. The name change announcement was made on March 26, 2020, and we will be using the new company name for our investor reports henceforth.
The spike in demand for grocery items that was characteristic of early days of quarantine at the end of March, had subsided and was replaced by a significant slump in overall sales while the average purchase size grew as shoppers were limiting store visits and buying more per shopping trip. The online channel continues to grow exponentially, however the consumer purchasing power outlook remains in the negative. And while the market continues to grapple with ever-changing pandemic and post-pandemic reality, AIA continues to work, creating results on all fronts, and with this second quarterly investor report of 2020, we are reporting on April, May and June developments at AIA, such as sales and product updates, team and company news, along with industry news relevant to our key markets, customers and lines of business.
Should you have any questions or require more information, please do not hesitate to contact our CEO Alex Isaiev at email@example.com.
AIA Ecosystem (OSA Hybrid Platform) Team