Same-day delivery has changed the way we shop. In recent years, companies have started operating same-day delivery, including logistics providers, to meet the increasing demand for online retail goods and services.
People associate value with same-day delivery; they are willing to pay more for the services provided to them whenever they need it.
Online retailers get various advantages when they are willing to provide same-day delivery services. First, it gives them a competitive edge with the stationary retailers, making this platform a greater choice, with higher convenience and lower prices than physical stores. Logistic companies are constantly upgrading themselves for the upcoming transformation and adapting to their existing networks accordingly.
The rising share of online retail:
Online retail has highly evolved over the past few years by offering ease of convenience to the consumers. The same day or next two days delivery is a high-class trend in the developed countries that have brought an evolution in the online shopping trends today.
The development of the market:
The future of growth for any developing organization is a customer-centric approach. Several companies have been working on this model and have been successful in launching cost-efficient same-day delivery programs. Big players have already evolved to generate significant revenues from same-day delivery.
The underlying Micro Trends:
Same day delivery caters only to those classes of income group that can afford to pay for such services. Therefore, the GDP per capita becomes more critical when it is concerned with large metropolitan areas.
The same day courier in Toronto can help increase the sales of product categories that could not have been otherwise brought online.
The rise in consumer expectations:
Consumers are demanding even more convenience during online shopping, especially when delivery is concerned. They prefer choices even when it’s related to delivery options so that they can receive their products as fast as possible. Younger generations, people living in small households, people working for longer hours, and higher-income groups are among those particularly willing to pay for more convenience.
Willingness to pay for efficient services:
If the consumers have to pay approximately less than ten percent of their order value, they wouldn’t mind paying it for the same day delivery. However, the actual conversion rate is more than 30 per cent once delivery cost falls below 7 percent of the value of the entire purchase made.
Boost for Online Sales:
Online Retailers always want to reduce their delivery time to improve their competitive positioning against stationary retailers significantly. Multichannel retailers also contribute towards the e-commerce boom in providing more convenience simultaneously.
Good delivery and exchange experience is a key tool to keep the consumers happy. For example, even though a few consumers opt for same-day delivery, studies show that more than half the buyers in Canada would buy online more frequently if they were offered same-day delivery services in Toronto.