On-Demand Logistics Market Outlook and Forecast 2020 due to COVID-19 Impact

These days, home delivery of almost every product and even some services is possible. While the trend of delivering things at one’s doorstep has been around since a long time, in today’s world, people are also demanding faster delivery services. With the emergence of platforms including Amazon, Flipkart, and several other applications for delivering a variety of products, such as food items, clothes, books, groceries, furniture, and home décor, people are able to choose whatever products they like and get the desired item, at most, within a week. In order to provide better customer service, online shopping platforms have started offering one-day delivery, where the product reaches buyers within a span of 24 hours.

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While the demand for on-demand logistics services might have reached a slight saturation point in developed countries, the requirement is growing swiftly in developing nations. The surging adoption of smartphones and access to internet are leading to a rise in online activities, including the booking of on-demand logistics services. Moreover, people in emerging economies are spending more on luxurious products because of the increase in their disposable income. This is why the on-demand logistics market growth in Asia-Pacific (APAC) would be a lot faster than in North America and Europe.

Hence, the concept of on-demand logistics is primarily gaining popularity due to the growth of the e-commerce industry.