BW Businessworld, India's leading business magazine releases its latest issue, offering an in-depth analysis of the rapidly changing commerce sector in India. This issue provides a comprehensive look at the rise of quick commerce (Q-commerce) and its profound impact on the nation's retail ecosystem, reshaping how Indians shop for essentials.
Q-commerce Market On Rise
The cover story delves into the growth of Q-commerce, a market currently valued at $2.8 billion and projected to reach a staggering $40 billion by 2030. The feature examines how companies like Blinkit, Swiggy Instamart, Zepto and BBNow are leading this revolution, catering to the demands of time-pressed, young consumers seeking instant gratification. Also, the story explores the challenges faced by established ecommerce giants like Amazon and Flipkart as they race to adapt to this new paradigm.
The issue highlights how newcomers in the Q-commerce space are leveraging advanced technology, data insights, and agile operations to stay ahead of the curve and meet the evolving needs of urban millennials.
It also examines the hurdles facing the Q-commerce sector such as wage inflation, regulatory changes and the need for substantial technological investments. The edition raises pertinent questions about the long-term sustainability of the current business models, which rely heavily on cheap labour and generous investor funding.
Government Weights In
In addition to exploring the opportunities presented by this evolving landscape, the issue features recent comments from Union Commerce and Industry Minister Piyush Goyal, highlighting concerns about predatory pricing practices in the ecommerce sector. The ongoing investigation by the Competition Commission of India into these practices is examined, underlining the need for a balanced approach that protects the interests of all stakeholders, including the 100 million small retailers across India.
Insights From Harjit Singh
The 'Last Word' column features Harjit Singh, Managing Editor of Tata Teleservices. He emphasises how cloud technology is empowering Indian MSMEs across various sectors, including finance, manufacturing, healthcare and retail. He stresses access to advanced tools like AI and ML enhancing productivity, reducing costs and improving market responsiveness. He believes cloud adoption is offering MSMEs scalability, data security and the ability to compete effectively in the digital economy.
The recent issue of BW Businessworld is now available in both digital and print formats. For more insights and the full stories, read BW Businessworld’s latest digital edition here.
_20240701120452_original_image_20.webp)
