The Economic Times’ Post

Quick-commerce is flourishing - while it took momentum during the COVID - it seems unstoppable now; a new retail channel evolved! How do we set QC delivery promise times? How do operational strategies such as staffing and batching policies affect the mean and variance of fulfillment times? If you need high service quality, it's not just the average order fulfillment time but the variance of the fulfillment time matters too! An integrated stochastic analysis of warehouse, batching, and delivery processes is needed. Gyanesh Raj's dissertation paper (likely the first paper in QC performance analysis) exactly analyzed this problem using realistic data and obtained interesting operational insights. This is a must-read for all QC companies to set their due times and understand the complex interactions between order picking, batching, and delivery processes. Read the full paper: https://lnkd.in/dxtpkKVS #zepto #blinkit #swiggyinstamart #flipkart #bigbasket #getir #flink #quickcommerce #quality #servicequality #servicedesign

From a retailer perspective, have you ever wondered how packages are staged for same day courier pick up? Do couriers often interrupt sales associates, leading to lost sales or potential mix-ups? Our smart lockers offer a solution by providing a seamless process for courier pick up within retail spaces, enhancing operational efficiencies. Not only perfect for "Buy Online Pick up in Store" scenarios, but also for staging products for courier collection. Retailers implementing this solution have experienced a 20% increase in on-time delivery performance. Discover more about how smart lockers are transforming last-mile delivery in partnership with retailers: Parcel Pending by Quadient #BOPIS #SmartLockers #operationalefficiencies Learn more: https://lnkd.in/gGumJ-jx

Kroger is closing three spoke facilities as part of its e-commerce hub-and-spoke network with Ocado on May 25, a spokesperson for the grocer confirmed to Grocery Dive Wednesday. The soon-to-be-shuttered facilities are in Opa-locka in South Florida, and San Antonio and Austin, Texas. The decision represents a notable setback for a company that is looking to take a leading position in home delivery service, and comes several months after Kroger paused the rollout of new facilities. In Florida, the grocer has faced the daunting task of generating online sales in a state where it operates just one Harris Teeter store. The state is a stronghold for Publix, which operates more than 860 stores in Florida, and Walmart, which runs more than 230 supercenters and nearly 100 Neighborhood Markets. In Texas, Kroger has the advantage of operating stores in some of the state’s major markets. But there, too, it has faced competition from entrenched competitors, including Walmart and regional powerhouse H-E-B. Story by Catherine Douglas M. and me. 

#Topics Dawn Capital Leads $86 Million Series B in Qogita to Revolutionize Wholesale E-Commerce [ad_1] UK-based wholesale E-commerce marketplace startup, Qogita, raised $86 million in a Series B funding round, led by Dawn Capital with participation from Accel Partners, Bessemer Venture Partners and LocalGlobe.Co-founded by Israeli father and son, Yaniv Toledano and Danny Toledano, Qogita was conceived to simplify and streamline the wholesale procurement process for small and medium-sized e-commerce retailers. The platform, akin to consumer giants like Amazon, offers an all-in-one solution for product procurement, eliminating the need for cumbersome negotiations and complex supply chain management.Their platform addresses the complexities of the e-commerce market, valued at $6 trillion, characterized by fragmentation and lacking digitization in Europe. Qogita’s algorithm-based system matches buyer carts to the optimal mix of sellers, ensuring cost-effective and efficient transactions. It addresses the dynamic nature of the wholesale market, where prices, quantities, and other parameters are in constant flux. The platform connects over 10,000 buyers and 300 sellers across Europe, the UK, and the US.For sellers, and unlike other platforms that charge significant listing rat...

I recently read about a customer receiving a laptop just minutes after placing an order. While this is an impressive feat, it made me think about the future of quick commerce and its sustainability. Quick commerce has surged in popularity, particularly in urban areas, thanks to its convenience for #FMCG and essential items. Speed and reliability are key, but the bigger question is whether this model can last. The success of quick commerce will largely depend on whether consumers continue to prioritize speed over cost. As major e-commerce players deepen their focus on this space, managing unit economics becomes a significant challenge. Efficient management of logistics, warehousing, and delivery costs is crucial to its success. While consumers love the convenience, there’s still a strong segment that values price-conscious shopping, especially for more expensive items. In these cases, adding higher-priced products to boost order value might lead to a cycle of deep discounting, similar to what we’ve seen in traditional #ecommerce. As the founder of a #3PL company, I see immense potential in #quickcommerce to reshape the market, but it’s a complex and evolving landscape. Striking the right balance between speed and both economic and environmental sustainability is crucial. Moreover, with the rapid growth of the industry, we can expect potential government regulations to add another layer of complexity. The influx of players in the market could also lead to price wars driven by discounting, which could jeopardize the long-term viability of the model, echoing the challenges faced by traditional e-commerce. Ultimately, the true winners in quick commerce will be those who can offer convenience in specific categories while maintaining profitability and avoiding unsustainable practices. For a more detailed look, you can explore the full article : https://lnkd.in/dwiGp5eM. #ecommerce #flipkart #amazon #supplychain #logistics #supplychaintitans #letsbuildtogether

Delivery Lockers: Revolutionizing the E-commerce Last Mile The e-commerce industry is booming, with a projected 498 billion packages to be shipped globally by 2024! This surge poses challenges, especially in the last-mile delivery phase. Delivery lockers - a game-changing solution offering numerous benefits: - **Convenience for Customers:** Say goodbye to missed deliveries as lockers enable customers to collect packages at their convenience, 24/7. - **Increased Efficiency:** Optimize delivery routes, cutting costs and emissions, benefiting both businesses and the environment. - **Security & Theft Prevention:** Lockers provide a secure space for packages, reducing the theft risk. Innovation is key! Here are some software ideas for startups to consider: - **Delivery Locker Network Management Platform:** A platform linking businesses, locker providers, and customers for smooth delivery management. - **Smart Locker Integration with E-commerce Platforms:** Simplify checkout by integrating locker options directly into online stores. - **Locker Optimization and Analytics Software:** Create software to enhance locker usage and location through data analysis. The future of last-mile delivery shines bright, with delivery lockers leading the way. Are you a startup with a groundbreaking software solution to propel this further? Let's connect in the comments! #ecommerce #qwertyexperts #qwerty #delivery #innovation #logistics #lastmiledelivery #startupideas

#Topics Dawn Capital Leads $86 Million Series B in Qogita to Revolutionize Wholesale E-Commerce [ad_1] UK-based wholesale E-commerce marketplace startup, Qogita, raised $86 million in a Series B funding round, led by Dawn Capital with participation from Accel Partners, Bessemer Venture Partners and LocalGlobe.Co-founded by Israeli father and son, Yaniv Toledano and Danny Toledano, Qogita was conceived to simplify and streamline the wholesale procurement process for small and medium-sized e-commerce retailers. The platform, akin to consumer giants like Amazon, offers an all-in-one solution for product procurement, eliminating the need for cumbersome negotiations and complex supply chain management.Their platform addresses the complexities of the e-commerce market, valued at $6 trillion, characterized by fragmentation and lacking digitization in Europe. Qogita’s algorithm-based system matches buyer carts to the optimal mix of sellers, ensuring cost-effective and efficient transactions. It addresses the dynamic nature of the wholesale market, where prices, quantities, and other parameters are in constant flux. The platform connects over 10,000 buyers and 300 sellers across Europe, the UK, and the US.For sellers, and unlike other platforms that charge significant listing rat...

Reliance Retail's calculated re-entry into the quick commerce market is a strategic move with significant potential. They're taking a measured approach, focusing on achievable 30-minute deliveries through their existing network of stores and partnered Kirana shops, instead of replicating the breakneck 10-minute delivery models of current players. This strategy allows them to offer a wider product range, encompassing groceries, apparel, and electronics, all with pan-India reach. For #investors, this move presents a compelling new business opportunity. Reliance's existing infrastructure positions them for potentially higher profitability compared to competitors burdened by dark store overhead. Additionally, their pan-India expansion strategy taps into a vastly larger consumer base than competitors focused on major cities. The diversified product portfolio might further strengthen their position by catering to a broader range of customer needs and potentially increasing order value. However, challenges remain. Reliance must address past profitability issues stemming from high delivery costs and low order values. Ensuring consistent 30-minute deliveries across a vast network presents a logistical hurdle. As established players with faster speeds and existing customer loyalty pose a significant competitive threat. Overall, Reliance's strategic re-entry positions them as a strong contender in the quick commerce race. Investors should closely monitor their progress. Beyond the headlines, there are crucial points for investment banking and business solution providers to consider. JioMart Digital 's existing network and experience can be leveraged to streamline operations, but clear differentiation between JioMart and the new service is vital. Additionally, solutions are needed to manage potential strains on Kirana store fulfillment capacity and limitations in managing a wider product range. One intriguing opportunity for Reliance lies in the exploration of #micropod vehicles for deliveries. These smaller, electric vehicles could navigate congested urban areas more efficiently, potentially improving delivery speeds and expanding their reach within cities. This could open doors for partnerships with companies developing or manufacturing such vehicles, creating a win-win situation for both parties. By providing solutions like optimizing Kirana store fulfillment and exploring micro-pod vehicles, along with strategic guidance, investment banking firms can play a key role in helping Reliance Retail navigate challenges and capitalize on the immense potential of the quick commerce market. - Bhavesh Patel (Managing Director @Opulence Business Solutions) #retail #ecommerce #relianceretails #obs https://lnkd.in/deHbaUg3

Sleepwell and Kurlon have signed up with Unicommerce to power their e-commerce operations and improve shopping experience for end consumers. Sleepwell | Kurlon Enterprise Limited | Unicommerce | Sheela Foam Ltd | Nilesh Mazumdar | Kapil Makhija Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Proud to see FabFitFun, one of our valued customers, featured in Forbes for their excellence in logistics. The article highlights how FabFitFun has mastered the art of direct-to-consumer fulfillment, achieving impressive growth and efficiency. At the heart of their success is Körber Supply Chain Software, which has provided the agility and scalability needed to thrive in a competitive market. With our advanced warehouse management and fulfillment solutions, FabFitFun has optimized their operations, reduced costs, and delivered a superior customer experience. This is a testament to how Körber empowers businesses to innovate and stay ahead. Curious how Koerber can transform your supply chain? Let’s connect to explore how our solutions can help your business achieve similar success. #SupplyChain #Logistics #Ecommerce #WMS #Koerber #FabFitFun https://lnkd.in/g9kVzwS7