CURRENT AFFAIRS

Detailed explanation-1: -State Bank of India (SBI) and Hindustan Unilever Ltd (HUL) have signed a memorandum of understanding (MoU), under which the bank will provide its digital payment and financing solutions to the FMCG company’s retailers and distributors.

Detailed explanation-2: -HUL’s distribution model ensured product availability through a “wholesaler network, ” comprising of redistribution stockists and Clearing and Forwarding (C&F) agents. In this network, wholesalers and large retailers placed direct orders and the company salesman grouped all these orders and directed it to the company.

Detailed explanation-3: -HUL is a subsidiary of Unilever, one of the world’s leading suppliers of Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries. Forbes rated HUL as the most innovative company in India and #8 globally.

Detailed explanation-4: -HUL alone has approx 5000 Redistribution Stockists in the country. 4. Distributors: Distributors pick up stock from Redistribution Stockists/Super Stockists/Stockists and serve the retailers in their area.