#Shipping high on boom cosmetics skin

Those selling on social media can study consumer demographics and interests based on their social media consumption, then produce and target relevant products accordingly. With a few clicks, business owners can find out how long visitors browse your site and the popular product pages they patronize, and strategize where to highlight their promotions. It needs to be nimble in customizing and personalizing solutions for businesses and their customers.Į-commerce platforms offer key insights into consumer behaviors, all tracked and accessed in real-time. But q-commerce for an international audience is not just about speed of delivery. Trust in on-demand delivery services has improved significantly, and rapid delivery is quickly becoming a competitive advantage for e-commerce players instead of a premium add-on option. FoodPanda customers can now shop for gadgets on the app and have items delivered within 30 minutes without paying a premium for speed. Since 2021, German multinational online food-delivery company Delivery Hero, which owns FoodPanda, has partnered with Chinese electronics firm Xiaomi to deliver electronics in Singapore and Thailand.

#Shipping high on boom cosmetics skin

Over 90 percent of the 240 Muji stores in China have launched online business on Meituan Shangou, selling over 4,000 types of commodities including daily necessities, kitchenware, clothing, shoes, bags, cosmetics, skin care products and office supplies. For instance, Japanese fashion and home goods company MUJI partnered up with Meituan, China’s leading food delivery shopping platform, to offer instant delivery services within China.

But even as growth slows in this area with dine-in options re-opening, q-commerce is venturing into other products.Īs quick commerce providers expand beyond food and groceries, fast-moving consumer goods (FMCG) like beauty products, clothes and office supplies are also stepping up their delivery methods. The demand for food and groceries fueled much of the growth in q-commerce, where deliveries are more time-sensitive. The event's success has now made the Priority Delivery service a staple at the e-commerce giant. The online sales event traditionally rakes in billions of dollars globally, which saw Lazada Singapore roll out a Priority Delivery service that allows consumers to receive their items within two days at no additional cost. In Singapore, faster delivery was among the marketing strategies used to woo consumers during the Singles’ Sale in November 2022. Many logistics companies had to become more agile, rethinking their supply chains to meet increased consumer demands. In 2022, 90 percent of e-commerce complaints focused on delivery delays. A survey conducted by INSEAD business school found that 80 percent of those polled stated they wanted same-day delivery, with 61 percent eager to receive their items within 1-3 hours of ordering. With people remaining in their homes for long periods, the desire to rapidly deliver items ordered online became a factor in choosing vendors.

Rather, market share continues to grow, with gross merchandise value potentially hitting US$211 billion by 2026 in Southeast Asia alone.Ĭovid-19 saw logistics firms that specialize in last-mile delivery flourish. But e-commerce has shown no signs of phasing out.

Meeting the need for speedĪs economies shift into recovery mode, consumers are returning to physical shopping in stores. It is a reimagining of the business – one with the potential to change how we shop, sell and live. While other Indian quick commerce startups rely on regular grocery stores for quick pick-up inventory, Zepto has set up dark stores across cities where it operates (Mumbai, Bangalore and Delhi among others) to fulfill its promise of 10-minute deliveries.īut q-commerce is not just about faster deliveries. Riding the pandemic wave, Indian q-commerce startup Zepto raised $360million, and was valued at $900 million by May 2022. With a wide network of dark stores and riders around cities in India, Zepto promises its customers 10-minute deliveries. Revenue in Southeast Asia is expected to hit US$3.74 billion (€3.4 billion) in 2023, a more than six-fold increase since 2017. Beyond food delivery, q-commerce has its sights set on the wider retail market, from fashion to home decoration. Quick commerce, or q-commerce, is all about pushing the boundaries of speed with last-mile deliveries.įrom checkout to delivery, consumers can expect a wait time of just 15 to 30 minutes.

Amid the boom in e-commerce, a subset of the market has correspondingly seen exponential growth. The pandemic saw more consumers than ever rely on online purchases for everything, from groceries to electronics.