Quick Commerce refers to the rapid delivery of goods and services within a short timeframe, often within an hour.
Quick Commerce, or Q-commerce, is emerging as the latest game changer in the digital age that is reshaping the shopping experience of today’s consumer.
This service has become increasingly popular in urban areas where consumers value convenience and speed.
Why is Quick Commerce Growing so fast?
According to Redseer, Quick commerce GMV skyrockets, surging at an unprecedented 77% year-on-year growth rate.
Quick commerce is becoming popular, especially in India, where its growth has been impressive.
Let’s break down why this is happening in a way that’s easy to understand—-
Urbanisation and Changing Lifestyles:
- More People in Cities: As more people move to cities, they want things to be more convenient. They’re busy, and quick commerce helps them get what they need without much hassle.
- Busy Lives: With people being busier than ever, they don’t have time to go out and shop. They prefer to have things delivered quickly to their doorstep.
Technological Advancements:
- Smartphones and Internet: Almost everyone has a smartphone now, and the internet is faster. This makes it super easy to use quick commerce apps.
- Better Delivery Systems: Thanks to new technology, companies can deliver items much faster. This makes quick commerce possible.
Consumer Behavior:
- Wanting Things Fast: Today’s shoppers, especially younger ones, want things immediately. They’re willing to pay more for quick delivery.
- Spontaneous Buying: Many people like to buy things on the spot. Quick commerce makes it easy to get what you want right away.
Pandemic Effect:
- COVID-19 Impact: During the pandemic, people didn’t want to spend much time outside. They relied more on online shopping for essentials, making quick commerce even more popular.
According to Business Today, India’s quick commerce industry to grow 15x, reach $5.5 bn by 2025
The Importance of Quick Commerce in Today’s Market
Quick Commerce has become a game-changer in the world of shopping. It’s all about speed and convenience. Let’s see why it’s so important:
Why Quick Commerce is Important Today
Quick commerce is changing how we shop, and here’s why it’s so important:
- Customer Satisfaction:
- Instant Gratification: People love getting what they want quickly. Quick commerce satisfies this need perfectly.
- Convenience: Everything comes right to your door, so you don’t need to go out.
- Trust: When deliveries are fast and reliable, customers trust and stick with the service.
- Economic Impact:
- Job Creation: Quick commerce creates many jobs, from packing to delivery to managing warehouses.
- Helping Local Shops: It allows small local businesses to sell their products online.
- Boosting the Economy: More jobs and more spending strengthen the economy.
- Changing Consumer Behavior:
- On-Demand Lifestyle: People are used to getting things immediately. Quick commerce fits this lifestyle perfectly.
- Impulse Buying: When people see something they want, they can buy it quickly, leading to more purchases.
- Digital Natives: Younger people who grew up with technology love this kind of convenience.
- Competition and Innovation:
- Staying Ahead: Companies need to be fast and creative to stay in the game.
- Better Technology: Quick commerce is pushing companies to improve their delivery and logistics technology.
- New Ways of Doing Business: It’s creating fresh business ideas and models
How Bagsito can help you to develop quick commerce platforms.
Bagisto, as an open-source e-commerce platform, offers a flexible foundation to build both quick commerce and traditional e-commerce solutions.
We have developed many extensions for your requirements, You can find all the extensions at the Webkul Store.
Webkul can also do integration and customisation services and make an ideal e-commerce platform for you.
Conclusion –
In short, Quick Commerce is not just about fast delivery. It’s about changing how we live, shop, and do business.
It’s a trend that’s here to stay and will continue to shape the future of shopping.
If you require further assistance or more information, please reach out to us at [email protected] or raise a ticket at webkul.uvdesk.com
Be the first to comment.