Accelerating Convenience: The Global Surge in Quick Commerce (Q-Commerce)
The Global Quick Commerce (Q-Commerce) market is expected to grow at a CAGR of around 42% during the forecast period of 2022-27, says MarkNtel Advisors in their recent research report. The advent of COVID-19 has led retail companies to change the way of doing business. These companies have started adopting e-commerce platforms at the forefront of retail. In addition, the growing need of customers for speed & convenient delivery of food & other grocery products has given rise to the new e-commerce platform, i.e., quick commerce, which is characterized by ultra-fast delivery, i.e., within 10-30 minutes. Moreover, the rising consumer need to buy quality products, increasing disposable income of the population, urbanization, and rise in geriatric population are some of the major factors propelling the growth of Quick commerce across the globe. Furthermore, curbing the growing inclination of customers to purchase products at their doorstep has led companies to expand