Explosive Growth in On-Demand Logistics Market: Over 450 Mn Deliveries in 2021 Driven by On-Demand Food, Grocery Delivery, and Last Mile Services: What Does the Future Hold? Ken Research

Higher Order Frequency, Multi-Vendor Business Model and Adoption of EV are few of the growth driver for the market, says a report by Ken Research.

1. The Growth of On-Demand Food Delivery in the Philippines: Empowered by a Young Working Population, Accessible Internet, and Seamless Transactions

Internet penetration in rural and urban areas of the Philippines is projected to grow at a CAGR of +5.0% from 2021-2026.
Major food tech players are expanding aggressively in over 120 cities in the Philippines, capitalizing on an improved network of restaurants to drive growth in new areas.
The E-commerce market now encompasses a wide range of products and services. E-commerce players have made significant investments in supply chain and last-mile logistics to ensure faster and better fulfillment, including same-day delivery.
Ordering frequency is expected to increase by 40-45%, with more users transitioning from occasion-based ordering to habitual ordering on a regular basis.

2. Multi-Vendor Business Model: Empowering Sellers with Technical Infrastructure and Delivering Competitive Pricing and Discounts to Customers on E-commerce Platforms

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Multi-vendor stores provide the technical infrastructure for sellers to list and sell a wide range of products, enabling them to manage their virtual storefronts effectively.
The multi-seller business model, also known as the 'zero inventory model,' does not require platform owners to maintain their own product inventory.
Multivendor stores offer significant opportunities for manufacturers, wholesalers, brands, and retailers to increase sales and profits.

3. Leading the Charge: Lalamove, DingDong, and Mober Pave the Way for EV Adoption, Reducing Carbon Emissions in the Philippines

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EV adoption can only be done in partnership with technology enablers such as route optimizers, smart chargers and vehicle analytics. Fleets can also explore platforms to operate on blended models: deliveries and ride-hailing enabling further utilization of assets and managing the cost. Also, Mober has reaffirmed its commitment to reducing carbon emissions by securing a mixed fleet of 100 electric vans and trucks by 2030.

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This release was published on openPR.