10-Minute Delivery – Will Quick Commerce Catch On? | Fleetroot
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Short delivery times, usually less than 10 minutes, are called quick commerce. It's particularly common in a grocery delivery company, which typically has small order sizes and values because customers typically order groceries for the following 2-3 days.
While it has a number of advantages and benefits for both ecommerce companies and consumers, it also has a number of risks, including a negative influence on society, that have yet to be handled.
Despite the fact that it has been around for a while, "quick commerce" – also known as "q-commerce" – took a quantum jump during the pandemic and is expected to reach over $448 billion in sales by 2030.
Quick commerce (also known as on-demand delivery, q-commerce) is used to deliver small purchases, typically groceries, to customers within an hour, while aggregators and online supermarkets are now touting the "10 minute delivery" as the next big thing.
Cloud-based services, artificial intelligence, machine learning, GPS-enabled route-optimization software, and improved inventory management procedures via an elaborate network of fulfilment centres (of varied sizes) have enabled corporations to substantially reduce carrying costs and delivery times.
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