QUICK COMMERCE IS GROWING IN INDIA. HERE’S WHY LLP KURLA IS PAVING THE WAY
With a couple of clicks, easy payments and your package arrives at your doorstep within 2-3 days, quick commerce is taking over the market after the food delivery company business and with good reason. In today’s day and age, when consumers are used to instant gratification, quick commerce fulfils the need to purchase items ‘now’. As a business owner, you must keep up with trends, how they fare and whether they’re here to stay. If you want to capitalise on the power of quick delivery service, you must invest in facilities that allow you to deliver goods and services rapidly, including last-mile logistics warehouses.
We, at Lodha, apart from establishing a stronghold in the residential and commercial real estate markets, have expanded our repertoire to logistics parks in Mumbai. Lodha Logistics Park, located in Kurla, is a world-class in-city distribution centre that allows you to optimise in-city distribution to follow a quick commerce model of doing business. Here’s everything you need to know about why quick delivery service is a trend to watch out for and how Kurla is at the forefront of this movement.
Is Quick Commerce Taking Over the Market?
Q-commerce, valued at $2.8 billion, is set to disrupt retail with a 40-45% CAGR1. Quick commerce is transforming the landscape of various sectors, from retail and manufacturing to automobile and technology. Expanding the markets to reach billions, quick commerce or q-commerce, is having a massive impact on business models. The rise of quick commerce can be attributed to factors like India’s growing urban population, increasing disposable incomes and the desire for instant gratification.
Quick commerce offers hyper-localised delivery to meet consumer demand and, as the name suggests, delivers rapidly. In Mumbai, Bangalore and Delhi NCR, Gen Zs and Millennials led the category with stronger instant purchase habits. Globally, India’s quick commerce industry is a remarkable success, with companies steadily moving towards profitability. One of the key factors in quick commerce’s success in India is the streamlining of logistics, including the use of technology to understand consumer behaviour.
Since India has emerged as a frontrunner in the quick commerce arena, there is no dearth of opportunities for business owners and investors to enter the market and make the most of all it has to offer. Quick commerce has 1/3rd the transacting users of online food deliver company and 1/4th of online mobility, with potential for growth due to consumer overlap
Kurla: A Key Location to a Successful Quick Commerce Business
Lodha Logistics Park in Kurla, an IGBC Platinum pre-certified logistics park in Mumbai, is located in the heart of a bustling metropolis like Mumbai. Kurla is not only in the thrum of the city but is located close to various commercial zones and parks. It is also well-connected via a robust roadway system, the Mumbai Metro, local trains and within proximity to the airport. If you’re a business owner looking to invest at a warehouse in Kurla, here’s why Kurla should be at the top of your list for an ideal in-city distribution centre and warehouse in Mumbai:
• Hyperlocal
One of the selling points of quick commerce is fast deliveries. With the growth of D2C (Direct to Consumer) and food delivery company brands, urban and localised warehousing solutions and third-party logistics service providers are the need of the hour. Strategically located urban warehousing can help a business deliver across a metropolitan city quickly, via various modes of transport. It also helps cut down on delivery and transportation costs. Such urban warehousing facilities should be designed to meet a business’ needs and assist with last-mile delivery. Kurla is a location that offers all this and more for in-city last-mile logistics and third-party logistics service providers.
• In-City Warehousing
Before 2020, e-commerce was a minor player in India’s market. However, after the pandemic, online shopping has become one of the more popular ways for consumers to shop for goods and services. With e-commerce order volumes growing by 70% in FY22 alone, consumers have grown to expect quick deliveries. Urban warehousing centres are one of the best ways to meet such demands. Larger cities provide gig workers and delivery services, ensuring your product or services reach your consumer on time becomes easy if you have an urban in-city warehouse. A last-mile logistics warehouse in Kurla allows you to have your pick of contractual delivery employees and services to meet rising consumer demand.
• Urban Consumer Base
Quick commerce’s consumer base is largely urban. Keeping that in mind, investing in an urban last-mile logistics warehouse can pay off in the long run. It can allow you to stock inventory close to your consumer base and provide quick, if not same-day, deliveries. While a larger warehouse on the outskirts can house a larger volume of goods, an urban in-city warehouse can help in-city distribution and satisfy consumers. Kurla is a perfect example of an in-city logistics service provider. Located in the middle of the city, it can enable you to deliver across Mumbai while a larger warehouse on the fringes could house extra stock.
Kurla offers connectivity, a robust workforce and easy access to a consumer base. To find the best in-city warehousing facility in Kurla, in-city warehouse solutions in Mumbai, distribution solution in Mumbai, in-city warehouse in Chembur, in-city warehouse in Thane and in-city warehouse companies in Mumbai, look no further than Lodha Logistics Park (LLP). Designed by experts to boost production, efficiency and safety, the warehouses and LLP are fitted with the best technology to help expand your business to new horizons for quick delivery service business.