#Quick Commerce

[freelancingsolution]

#Organic Store #Foods Store #Vegetable Store #Organic Shop #Vegetable Shop #Organic Online Store #Home Delivery #Vegan Delivery #Online Marketplace #Quick Commerce #Online Store #Online Shop

[gauricmi]

Global Quick E-Commerce (Quick Commerce) Market Driving Growth with Rising Urbanization

The global quick e-commerce market has witnessed substantial growth over the past few years owing to the growing preference for fast delivery of products among consumers. Quick commerce involves delivering groceries and daily essential items to customers within a fraction of an hour from placing the order online. Rising urbanization and increasingly busy lifestyles have continued to drive demand for quick and hassle-free online shopping. An ever growing young population and improved internet penetration are also contributing to the growth of the quick e-commerce model globally. The Global quick e-commerce (quick commerce) market is estimated to be valued at US$ 44.81 billion in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the  Global Quick Commerce Market Growth are Shire Plc., CSL Limited, Octapharma AG, LFB S.A., Biotest AG, Grifols, S.A., SK Plasma Co., Ltd., Baxter International Inc., Green Cross Corporation, and Fusion Health Care Pvt. Ltd., among others. These major players are focusing on adopting growth strategies such as collaborations, mergers & acquisitions, geographical expansions to garner more market shares. The key opportunities in the global quick e-commerce market include growing penetration of smartphones and ease of online ordering. Emergence of startups focusing on hyperlocal deliveries is further enhancing customer experience. The global expansion of the quick e-commerce market is driven by growing foreign direct investments from key technology players. Quick commerce platforms are expanding operations to new geographies characterized by growing urbanization such as Asia Pacific and Middle East regions. Market drivers Rising urbanization is one of the key drivers of the global quick e-commerce market. The increasing population residing in urban areas prefer online shopping owing to their busy lifestyles and lack of time for shopping. Growing preference for fast, reliable and hassle-free delivery of products is further expected to drive the quick commerce model.

PEST Analysis Political: The growing acceptance of digital commerce and lesser stringent regulations are supporting the growth of the global quick e-commerce market. However, data privacy laws and regulations can impact the market. Economic: The market is witnessing growth due to rising disposable incomes, improved internet penetration, and higher adoption of smartphone usage globally. Availability of diverse products at affordable prices is augmenting the demand. Social: Changing customer preferences towards instant gratification and seamless shopping experience are fueling the adoption of quick commerce solutions. Customers especially in densely populated cities prefer instant delivery over waiting for several hours. Technological: Investments in advanced technologies including AI, ML and automation are enabling companies to optimize delivery operations and provide enhanced customer experience through features like real-time tracking and personalized recommendations. Blockchain can be explored to build trust in the supply chain. In terms of value, the quick e-commerce market in Asia Pacific region is concentrated majorly, led by countries like China, India and Japan. In these densely populated countries with rising middle class, quick commerce is solving the issue of accessibility and availability of products. The quick e-commerce market is witnessing fastest growth in North America region. Evolving customer demands and expanding brick-and-mortar stores of companies delivering groceries, food and other daily essentials within an hour in major cities are supporting the market growth. Established logistics and road infrastructure also enables fast delivery of products.

Get More Insights On This Topic: Global Quick E-Commerce Market

#Global Quick Commerce Market Growth #Global Quick Commerce Market #Quick Commerce Market Size #Quick Commerce Market Share #Quick Commerce #Smart Technologies

[navedahmedkhan]

From Electronics and Clothing to Food and Pharmaceuticals, Ecommerce is Omnipresent.

In today’s world, it is nearly impossible to think about shopping without ecommerce. It has completely engulfed the entire retail industry. A futuristic retail business cannot afford to remain offline, especially after the pandemic when offline businesses were either forced to exit or face loss. Retail businesses turned to modern advanced technology and went online which not only kept them afloat but also brought sales and profit.

One can find almost all the desired products online on his ecommerce marketplace app. With just a few clicks or touches, a customer can enter into the world of online shopping where multiple vendors display their digital catalogue and place orders smoothly. All this has been made possible due to the power of multi vendor marketplace software that is delivering multiple benefits to the stakeholders involved in online shopping.

Multiple vendors on the same platform: Instead of having dedicated ecommerce software for each vendor to display their products, online marketplace software allows them to use one single platform to sell their items. Amazon and Flipkart are the best examples. A new vendor on the platform doesn’t have to invest heavily in marketing as he gets an already built customer base in the marketplace.

A variety of products: Due to the availability of multiple vendors on a single platform, the customers don’t have to jump from one platform to another in order to find the best products at the best price. They can find everything on the same platform thereby, reducing their efforts and saving their precious time.

Super fast delivery: Timely delivery has become a major factor in determining the success of any online business. Failing to deliver the product in the stipulated time, spoils the shopping experience of the customer. Keeping note of this, the multi vendor marketplace software has brought end-to-end automation in the entire ordering and delivery process. For instance, the delivery agent can find the optimized delivery route on their driver app in order to contribute to achieving quick commerce.

The ease of uploading items: With the help of the vendor’s dedicated merchant app, the sellers can upload items in bulk ranging from electronics and clothes to food and pharmaceuticals in just a click or touch. This makes the work of sellers easy. Also, the ease of product upload helps the customers in finding a variety of items on a marketplace.

In the eCommerce Market, the number of users is expected to amount to 2.5bn users by 2028. User penetration will be 29.7% in 2023 and is expected to hit 34.1% by 2028. Going through the data above, it is evident that ecommerce is omnipresent and is going to exist for a long time. Thus, prudent businesses will be ones that will walk along with the advancing technology.

#quick commerce #q commerce #ecommerce marketplace #multi vendor ecommerce #multi vendor marketplace software #multi vendor marketplace #multi vendor ecommerce software

[codilartechnologies]

"Unlocking Seamless Commerce: 🚀 Discover the 8 Key Factors to Consider When Choosing Your Quick Commerce Provider! From lightning-fast deliveries to cutting-edge technology, we've got your ultimate guide to elevating your business.

#quick commerce #ecommerce #codilar

[fleetroot-blog]

The Rise Of Quick Commerce And Its Impact On Last Mile Delivery

1) The emergence of quick-commerce and the issues it poses at the last mile 

Well, the introduction of "Quick Commerce" (Q-commerce) has resulted in significant benefits for all parties involved - customers, brands, and merchants. However, to guarantee that it constantly delivers on its potential, it must be properly planned and implemented. There are several challenges, ranging from the items offered to the time and cost of delivery.

The purpose of the article is to discuss the influence of Q-commerce on last-mile delivery, the issues it generates, and how to solve them.

2) Thoroughly examine your product portfolio.

The items and products that you provide as a Q-commerce platform or shop, on the other hand, determine your performance in more ways than one. As a result, thoroughly identify your product portfolio.

Medicines, food items, cosmetics, toiletries, and other small-sized products work well because they are not just items that people desire as part of their daily routines (convenience), but they can also be delivered rapidly (e.g., by bike or 3-wheeler vehicle).

Bulky objects, such as a sofa or a huge refrigerator, will not suit the bill. Anything that requires installation or a specific delivery date, in general, should not be supplied on a Q-commerce platform. Lightweight products can be shipped fast and are frequently ordered "urgently" or as an "emergency."

Remember that your competitor is following such best practices, and if you want to stay competitive, you should as well!

2) Order fulfillment speed

Extending on the previous point about delivery speed, you must understand how your last-mile delivery is configured, i.e. the distance across which the product will go for the final leg of its journey which terminates at the customer's doorstep. The placement of your warehouse network and local distribution centers is most likely the most important factor. To guarantee timely delivery, you'll want to keep these as near to your clients as feasible.

The appropriate Last-Mile Delivery Software will boost collaboration among Q-commerce departments, give end-to-end visibility, and preserve analytical ROI data. Most importantly, you may use it to energize your Customer Experience  

Analyze the types of vehicles needed to convey your orders. Do you truly require a huge fleet of large vans or trucks? The usage of motorcycles, minivans, or even bicycles should suffice. 

Smaller, lighter vehicles will allow you to expedite orders by better navigating traffic and keeping expenses down - and, if you employ electric cars, you will also be more responsible in terms of sustainability. Keep these considerations in mind while selecting 3PLs and logistics partners.

3) The magic of modern technologies

We live in an age where technology drives everything! It generates new markets for new items and gives old products access to new markets...The list goes on and on!

To say the obvious, regardless of the product kind, location of service, fleet type, firm size, growth (etc.), you will be unable to capitalize on the potential given by the quick, hyper-local world of Q-commerce unless the technology employed is cutting-edge.

As previously stated, Q-commerce is based on multiple internal systems that all communicate with one another in real-time. Inventory accuracy, operational metrics, delivery resource availability, and many other aspects in a lengthy list of items throughout the supply chain so that all stakeholders are live and information is exchanged in real-time. Without it, a Q-commerce firm will fail.

For example, your order-management tool, i.e. an inventory management system that provides you with a unified, holistic picture of your inventory, becomes non-negotiable. It also provides additional advantages such as agility in tweaking/changing your product portfolio lineup based on demand and flexibility in your pickup and delivery procedures.

Without it, you would be unable to properly showcase your product selection to your clients, risking stock-outs, disgruntled customers, and a bad shopping experience. 

4) Q-Commerce: not without difficulties

Any new opportunities of such magnitude come with problems.

Offering hyper-fast delivery (e.g., "30-minute groceries") or maintaining hyper-local goods over an intricate network of warehouses is not inexpensive. Consider the amount of inventory necessary - numerous SKUs, brands, pricing points within categories (and so on).

Because "convenience" and "speed of delivery" are the pillars of Q-commerce, stock-outs, and inadequate inventory will be very inefficient.

The bottom line with Q-commerce is, well, the bottom line! That is, how successful would such projects be in the long run?  

Oh, and when it comes to last-mile delivery, the promise of "free delivery" is something that customers now (almost) expect! This raises the question of whether you will be able to retain consumers if you discontinue giving free delivery.

By logical extension, how much would you charge for delivery if you started charging it? Can you match the price your competitors are charging? Why not, if not? So, are your cost structures configured incorrectly? Why can't you do it if others can? Will it include a scale? Will you be able to maintain your activities till you reach such a large scale? These are fundamental problems that must be addressed.

Choosing the correct technology and platform may (possibly) reduce the time and cost to reach equilibrium. Automation, real-time data, and cross-functional optimization are just a few of the things you must concentrate on if you want to achieve long-term unit economics and profitability.

5) Organisational Alignment

An underlying reality that runs across all of the individual ideas above suggests a vital success factor, namely that a compartmentalized strategy will not suffice.

Internal alignment of the entire organization and its many tasks is required. Furthermore, it must be in sync with external stakeholders such as supply-chain organizations, logistics partners, and, of course, the end customer.

An enterprise like Q-commerce, with its narrow margins, short schedules, hyper-markets, and frantic activity, would fail if there is no cross-functional synergy. And keep in mind that today's customers are spoiled rotten! They will easily switch to your competition...

Conclusion: While Q-commerce provides various benefits to consumers, e-commerce companies, and brands, it also presents significant problems. A substantial portion of these issues revolve around the last-mile segment and therefore, using modern, automated, and cutting-edge delivery software is a must-have weapon in your armory.

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#last mile software #last mile logistics #lastmile #logistics #quick commerce #retail

[jcmarketresearch]

#Quick Commerce #e commerce #market research

[ohi1]

What Is Quick Commerce Trade?

Quick commerce is a novel business model in which products and services are delivered within ten to thirty minutes of purchase. It focuses on smaller quantities of fewer things, such as food, personal hygiene products, office supplies, and over-the-counter drugs. The rapid commerce marketing strategy blends the qualities of e-commerce with traditional shopping to create a new business product that can meet the rising need for quickness when purchasing online.

#Quick commerce

[itln]

#quick commerce

[luismiguel58]

La gesta de #PedidosYa Market explicada por su gerente en #Panamá , Jorge Faroh.

#panamá #superdigital #quick commerce

[applicationonlineltd]

Application Online Ltd Internet Reviews Ways in Which an Online Sales Business Can Be Run Seamlessly

Working on the success and growth of a business can be a tricky task, and this is something that gets only trickier when you have to deal with thousands of other contenders in the arena of business that is similar to yours. When you want to make sure that you are able to stay on top even in a competitive and constantly changing business environment such as in the case of an online business, you need to make sure that you have the right help by your side. You need to make it a point to get yourself technologically advanced help in the form of digital admin support from experts in the field. The best digital admin support service providers help Grow Your Online Business with E-commerce Management Applications from Application Online LTD.

If you want to make the most of your digital admin support and grow your online business to match up to the competition, there are a couple of important things that you need to know about the service providers and how they help. Here are some of the most viable ways in which the best digital admin providers can be of help to you in getting your online business up and running seamlessly:

Research and Study:

There is a great deal of competition that you have to face in the running of an online business which is why you need to make sure that you know all that is to know about your competitors. You can choose to use digital admin support to collate data, study it and come to your conclusions so that you can add value to your own business after having attained the right amount of education about it. The digital admin support is the best source through which you can, not just run your research but also make sure that you are able to manage the data effectively.

Working On Quick Changes:

One of the most important things that you need to make sure to do for your online business is to have the provision to make rapid changes. Your online business should be a dynamic one, which is why you need the help of systems that are easy to change and can implement changes with agility. The use of digital admin support is most viable when you need to make sure that you are able to make changes to the way you work online with Speed as well as precision.

Working On Client Management:

when you have an online business you are more likely to taste success if you choose to manage your clients with accuracy and care. Why Form Management is Best Done with Application Online Ltd. is because it helps in ensuring that client data is managed with efficiency and that the clients are in turn serviced effectively.

These are some of the most important reasons why you need to make sur that you choose to take the help of digital admin support in the running of your online business.

#Business #Application Online Ltd #Application Online #Client Management #Quick Change #E-commerce #business environment #Application Online Ltd Internet

[mtaptime]

Chapters: 2/? Fandom: My Time At Portia (Video Game) Rating: General Audiences Warnings: No Archive Warnings Apply

Summary: Ayla's first full day in Portia isn't really the best. Moving to an entirely different city when you're a small settlement gal whose never left home is always rough.

I’m finally gonna try and get this out in the world in hopes that I’ll finish it. I’ve had the notes drafted for a while, and a decent portion of what I’ve posted sitting in a google doc for ages, but the fact of the matter is that I’m in school and obsessions/hobbies rotate and bounce. I’m gonna try and use the momentum from my interest in Sandrock to finish up some stuff with Ayla.

#my time at portia #mtap #mtap builder #mtap ayla #builder ayla #We're literally doing the entire arrival plus first full day here #I originally thought it'd be quick and short when I came up with it #but when I was several pages in the google doc and she still hadn't gone to the commerce build I realized I was sorely mistaken #anyways #here it is y'all #all 3 of y'all who're still hanging around I suppose

[freelancingsolution]

#Food Delivery #Restaurant Store #Online Delivery #Online Order #Home Delivery #Vegan Delivery #Fast-food Delivery #Quick Commerce #Online Store #Online Shop

[benstiller77]

Rise of Quick E-Commerce in the US

The ease and speed of online shopping has revolutionized retail over the last two decades. However, a newer phenomenon is accelerating this transformation even further - quick e-commerce. With consumers demanding even faster delivery times, companies are rising to meet this challenge by offering ultra-fast and same-day delivery options. This article explores the burgeoning quick e-commerce sector in the United States.

Defining Quick E-Commerce

Us Quick E-Commerce refers to online retail models that promise delivery of products within hours or even minutes of ordering. While one-day or two-day shipping has become standard for many e-tailers, quick e-commerce pivots the focus entirely to speed. Several companies now guarantee delivery of a wide range of items on the same day if an order is placed before a certain cutoff time. Others have launched grocery and food delivery services within as little as 10-30 minutes. Drivers of Quick E-Commerce Growth The major factors propelling the development of quick e-commerce platforms include growing consumer impatience and demand for immediacy. Younger generations in particular have come to expect fast, on-demand access to both information and goods. Time-constrained urban populations also fuel interest in same-day options for urgent household, grocery, or office needs. The pandemic further accelerated these trends as people relied on online shopping for safety.

Get more insights on this topic: https://www.trendingwebwire.com/the-rise-of-quick-e-commerce-in-the-us/

#US Quick E-Commerce Trend #US Quick E-Commerce Growth #US Quick E-Commerce Size #US Quick E-Commerce Analysis

[navedahmedkhan]

To boost the profit of your restaurant, going online is a must.

During the pandemic, restaurants across the world were severely affected due to the confinement of the people. At that time of crisis, several restaurant businesses ceased to exist however, the smarter ones took advantage of the advancing technology. Technology not only kept them afloat but also delivered increased sales and profit.

Though the number of visitors has increased to the food outlet the number of online customers has only increased. This indicates the increased demand for ordering food online and getting it delivered to their doorsteps.

The reason behind the success of online ordering and delivery of food is the food delivery software that delivers to restaurant owners whatever they need to make their business thrive.

Convenience: The restaurants could easily upload their digital menu with attractive images along with the product specifications and prices with discounts to beautify their online front. Similarly, customers through a few clicks or touches of their smartphones could place an order for their favourite dish.

Superfast delivery: Food delivery solutions have drastically reduced the time taken to deliver the items to the customers’ location. Quick commerce is the direct result of technological advancements, including end-to-end automation. Now customers are able to receive fresh and hot food in 10 to 15 minutes.

Increased customer base: By on boarding multi vendor marketplace software, the restaurants can find new customers that will skyrocket their sales and profit. The online food marketplace increases the reach of the restaurants or in other words, assists in the marketing.

Create attractive offers: With the help of food delivery software, restaurant owners can create offers and discounts that will force more customers to place orders and increase their profits.

#quick commerce #ecommerce marketplace #food delivery software #multi vendor ecommerce #food delivery solution #food ordering software

[futuretonext]

The India Quick Commerce Market is projected to grow at a CAGR of around 67% during the forecast period, i.e., 2023-28. In India, the Quick Commerce market has shown significant growth, as it provides a faster shopping experience than any other e-commerce platform. The factors contributing to the high adoption of the Quick Commerce platform are its fast speed & convenient delivery options enabling customers to purchase day-to-day essentials through the quick commerce platform.

#India Quick Commerce Market #India Quick Commerce Market hsare #India Quick Commerce Market Size #India Quick Commerce Market Report

[fleetroot-blog]

10-Minute Delivery — Will Quick Commerce Catch On?

Quick commerce is identified by short delivery times, typically about 10 minutes. It is also most prevalent in the grocery delivery business and generally has limited order sizes and values since customers generally order their grocery requirements for the next 2–3 days.

While it has several conveniences and advantages for both e-commerce firms and consumers, there are several dangers, including its harmful impact on society, that remain unresolved for now.

10-minute delivery — will quick commerce catch on?

Although it has been around a while, “quick commerce” — also referred to as “quick-commerce” -made a quantum leap during the pandemic, and is projected to reach sales of nearly $448 billion by 2030. As the decade of 2010–20 progressed, online firms continued to shorten delivery times — 24-hr, next-day, same-day. And now, as a result of the forever-increasing demands of consumers, groceries are in 10 minutes!

With demand comes competition, and there is ample of it here, too! However, given that a company needs to reach a certain level of scale to achieve sustainable profitability, only the top few will survive…

Quick commerce — what is it?

Quick commerce (also called on-demand delivery, q-commerce) is for delivering primarily small orders, which are groceries mostly, to customers within the hour, although the ”10-minute delivery time” is now being touted as the next big thing by aggregators and online groceries.

This is a natural extension of eCommerce and has come about due to the ever-increasing demands of consumers. You see, we live in an age where everything has to keep getting better, faster, and bigger!

How has a “10-minute delivery” even become possible? : Modern technology such as cloud-based services, artificial intelligence, machine learning, GPS-enabled route-optimization software, and advanced techniques of inventory management via an elaborate network of fulfillment centers (of various sizes) has enabled firms to drastically reduce carrying costs as well as delivery times.

Business models in quick commerce

The grocery sector has always had to contend with thin profit margins, and so does quick commerce. Profit is earned via product margins and delivery fees. While delivery speed remains the most important winnable metric, quick commerce companies also compete on the type of product offerings.

Delivery-only: Aggregators (delivery companies like Uber Eats) tie-up with retailers (supermarkets, pharmaceuticals, retailers). These delivery companies deliver orders received via their online platforms (apps and websites).

Vertically integrated: In this case, companies own their own inventory and store it across their network of fulfillment centers or dark stores. The closer their inventory is to their customers, the more chance of success they have. These companies typically stock around 1,000+ SKUs by anticipating the demands of their customers. While this model needs much more resources (finances, management, tech deployment, employees) and has higher operating costs, the margins earned are higher as well. What are the parameters of success?

As mentioned earlier, the grocery delivery business, especially the 10-minute delivery model, works on wafer-thin margins.

Order volume vs. delivery rides: must be suitably matched. For this, predicting peaks and valleys in order of volumes, growth over time, etc., must be considered. Too many riders staying idle for prolonged periods would affect profitability, whereas too few would lead to a loss of business opportunities. Delivery riders are exposed to environmental hazards like traffic and weather and must be compensated accordingly. Labor turnover is an essential factor for success: delivery workers tend to be independent contractors that work across several companies, and unless your pay scales match the industry standards, they’ll promptly jump ship. Increasing order value (“basket size”) is an important KPI since it increases profitability per order delivered. Cross-selling and upselling are key here. This is where your app or website design comes into play.

Overall operating costs: key indicators here are CAC (customer acquisition cost) and customer churn/ retention. This industry is widely regarded as a “discount space” and unless your operating costs are optimized across all elements you’d be forced to shut shop Poor customer loyalty: The biggest issue here is building, and retaining, customer loyalty due to the discount-driven model. You need to keep advertising your offers and products but the best deal of the moment will likely win that day! Therefore, using Artificial Intelligence and Machine Learning is key to successfully managing this business. Predicting consumer behavior, order volumes, type of products, the timing of orders, using it for inventory management, and minimizing carrying costs (etc.)

Quick commerce — what are its benefits?

Let’s look at some benefits for both, suppliers and consumers, as it stands today:

Local companies/businesses are able to supply a larger client base. With a 24/7 operation, it offers great convenience to consumers. Since consumers tend to order smaller orders that are consumed within a couple of days, there is less food wastage. This helps with environmental sustainability.

Quick commerce — future prospects.

Quick commerce has progressed gradually — even rapidly — since the 1990s. Fuelled by several critical elements that go into creating sustainable businesses, such as consumer demand, and an ever-improving supply-side aided by vast advances in technology, the business has many things going for it.

However, all isn’t as it appears. As mentioned above, the business is plagued by poor profitability. While most modern day App-led players in this space are still in relatively early stages and are currently looking to scale as quickly as possible, the big question is whether they will be able to survive?

The hope is that once these firms achieve a certain level of scale, they can consolidate and begin to look at profitability. However, as critics will tell you, achieving scale via a discounted pricing model is treacherous because once the discounts dry up, so will the orders. Your consumers will move on to the next competitor that is offering the best discount at the time…

What about social responsibility? And, herein lies the biggest issue of quick commerce. The question being raised by several sections of society — including consumer groups, social commentators, politicians, traffic authorities, worried parents, and responsible citizens themselves — is how important is it to have your groceries delivered within “10-minutes”? Delivery riders — already an increasing traffic hazard — will only be pressured further, causing traffic hazards and danger to life.

While the quick commerce industry would have you believe how “important” the convenience of 10-minute delivery is to your life, you need to ask yourself — is it really?

Conclusion: Quite evidently, last mile shipping is a vital a part of offering clients with an outstanding experience, one which achieves the all-essential metric of patron satisfaction. Being aware of keeping exceptional practices in closing-mile operations, consisting of the use of cutting-edge gear like closing-mile shipping software, is going an extended manner in reaching green and cost-powerful logistics service.

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#quick commerce #quick delivery #10 min delivery #Youtube