Speed and Convenience Take Precedence in Retail Choices as Quick Commerce Gains Traction
Synopsis
Key Takeaways
New Delhi, April 7 (NationPress) More than 70% of consumers indicated their intention to keep utilizing quick commerce platforms, even if discounts were to be scaled back. This trend highlights a growing preference for speed and convenience over price when making everyday purchases, according to a report released on Tuesday.
Despite this shift, traditional neighbourhood kirana stores continue to play a vital role in fulfilling grocery needs and maintaining trust-based transactions across India. However, 51% of consumers reported a decrease in their reliance on these stores over the last year, as noted in the report by Grant Thornton Bharat LLP.
A significant 45% of consumers depend on quick commerce for urgent or last-minute purchases, while 24% utilize it for daily essentials such as milk and bread. Additionally, 19% of consumers turn to these services for impulse buys, like snacks and beverages, the report revealed.
Interestingly, 13% of respondents stated they now visit kiranas more often, and 27% reported no major changes in their shopping behaviours.
Kirana retailers are facing mounting operational challenges, including margin pressures, shorter credit cycles, and heightened expectations regarding product variety and availability. Many local shops are also exploring partnerships with digital commerce platforms.
The findings stem from a comprehensive national survey encompassing over 1,600 consumers and more than 1,000 kirana retailers from various regions.
About 40% of kirana retailers expressed a desire to collaborate with quick commerce platforms, while 32% showed interest but were uncertain about the practicalities of such partnerships.
Additionally, 20% indicated a willingness to engage if they received operational or technological support, illustrating the potential for deeper integration of local retail into digital commerce ecosystems.
Digital payment options have become commonplace in local stores, with UPI and QR payments widely adopted. However, the uptake of more advanced technologies like POS systems, inventory management tools, and digital ordering solutions remains limited, primarily due to costs, required training, and operational complexities, the report concluded.
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