![]() The firm also announced that it plans to increase the supplies by 1.5 times while setting up a dedicated delivery group in the city. Dingdong, on the other hand, saw a 50% growth in daily order volume on April 24 in Beijing.Moreover, the firm announced that it would receive and deliver orders around the clock, starting April 24. Meituan, for instance, increased its product supplies three to five times.Online grocers like Meituan and Dingdong increased their inventories and extended operation times as the residents in the capital city rushed to online platforms and online supermarkets to stock up on essentials.In Beijing, major online grocery platforms increased their product supplies as consumers rushed to stock up on food and other daily supplies after the capital city announced a surge in Covid-19 cases in April 2022. Online grocers increased their inventory amid the Covid-19 outbreak in China While the competition is growing in the segment, most of the market share is held by players such as Alibaba Group, Pinduoduo, Xiaohongshu, and JD.com. In China, the B2C e-commerce market has a very competitive landscape with a complex web of partners and competitors. ![]() With firms experiencing strong demand, players are expected to increase their investment in the online grocery delivery space from the short to medium-term perspective, which will subsequently keep driving the industry growth in the Asia Pacific region. Apart from the rise in online retail shopping, the demand also increased in the grocery segment, where a growing number of consumers ordered food and grocery online in the country during the pandemic. ![]() One of the trends which gained widespread adoption in the Asia Pacific region was the preference to shop online in the wake of the pandemic outbreak, which affected the livelihood of many people.Īs online shopping continues to gain widespread adoption among consumers, increased spending on e-commerce marketplaces is expected to drive industry growth in the short to medium term. The movement restrictions and the close down of physical stores led to increased online transaction volume and value over the last two years. While the e-commerce industry in the Asia Pacific region was experiencing a year-on-year growth even before the global pandemic, the Covid-19 outbreak accelerated the consumer shift to online channels in the country. The region's B2C Ecommerce Gross Merchandise Value will increase from US$3,082.3 billion in 2021 to US$5,306.2 billion by 2026. The B2C Ecommerce is expected to grow steadily over the forecast period, recording a CAGR of 11.21% during 2022-2026. The medium to the long-term growth story of the B2C Ecommerce industry in the Asia Pacific promises to be attractive. The B2C Ecommerce market in the Asia Pacific is expected to grow by 12.53% on an annual basis to reach US$3,468.6 billion in 2022. 10, 2022 (GLOBE NEWSWIRE) - The "Asia Pacific B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q2 2022 Update" report has been added to 's offering. ![]()
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