New Econ Holdings is a chain management franchisor of 17 minimarts in Singapore. They are mostly located in the heartland that is close to the consumer, therefore it’s convenience for the consumer to shop and restock their grocery within walking distance away. This brings us back to the olden days of the “kampong spirit” where everyone knows each other as a family because of the personalised touch points by the retailer, they often know the customer by name and their shopping behaviour. New Econ bands the minimart retailers together and then leverage and work with relevant government bodies, technology providers and related parties to leverage on training and digitalisation to digitalise some of the retail store operations thereby increasing productivity. ● Point of Sale (POS) system ● Cloud-based data storage solution ● Data Analytics ● Stock management system New Econ stores are mainly the next generation minimart owners who have taken over their parent’s business and have agreed to go for group digital transformation together.