Growth Opportunities Driven by Hyperlocal Supply Chain Shifts
Growth Opportunities Driven by Hyperlocal Supply Chain Shifts
Growing Consumer Expectations for Shorter Delivery Timelines Leading to Decentralized Hyperlocal Business Models for Better Customer Experience
20-Oct-2022
Global
Description
A fundamental shift in consumer behavior has urged retail businesses to establish an omnichannel presence and rethink strategies. Growing inclination toward retail digitization and ultrafast order delivery drives the hyperlocal business model. About 68% of online shoppers prefer buying from platforms that offer fast shipping. In such a highly competitive ecosystem, both small and local retailers should take aggressive measures to sustain business in the post-pandemic economy. The hyperlocal business model promotes local retailers and expands their area of operation at considerably low costs.
Hyperlocal supply chain facilitates on-demand, speedy delivery. Flexible fulfillment centers and dark stores reduce delivery time significantly.
30-minute delivery is gaining traction. Dunzo, GoPuffs, and Dija are popular for their quick delivery services. Owing to its service innovation and exceptional performance, Gorillas, a German delivery start-up attained unicorn status in nine months, much quicker than other start-ups. To go hyperlocal, retailers should strategically ascertain a business strategy–choose from the aggregator model, the fulfillment model, the hybrid model, or the single retailer model–depending on the product offerings and consumer demand.
Advanced technology will render greater value to not only the retailer but also the logistics manager and the customer. Logistics providers can leverage AI & ML algorithms for route optimization and planning, multipoint pickups, autonomous logistics, and so on. Blockchain enables high response time and efficiency across the supply chain, not to mention security, traceability, and smart documentation. 5G technology will boost the performance of all the other technologies.
Autonomous delivery vehicles will address challenges related to personnel shortages and enhance overall productivity.
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
Our Mega Trend Universe: Overview
Growth Opportunities Fuel the Growth Pipeline Engine™
Our Mega Trend Universe: Hyperlocal Supply Chain Shifts
Key Findings
Important Growth Opportunities
The Hyperlocal Era
Growth Drivers for Hyperlocal Business Model
Growth Restraints for Hyperlocal Business Model
Important Emerging Shifts in the Supply Chain Models
Shift 1: Evolution of Flexible Fulfillment Centers
Shift 2: Digital Freight Brokerage for Hyperlocal Delivery
Shift 3: Dark Stores for Small and Midsize Businesses
Shift 4: 30-minute Delivery Revolution
Hyperlocal Business Models
Aggregator Model
Fulfillment Model
Hybrid Model
Single Retailer Model
Trend Opportunity: Attractiveness Analysis
Futuristic Technologies Enabling a Hyperlocal Supply Chain
AI and ML
Blockchain in Hyperlocal Supply Chain
Autonomous Delivery
Autonomous Delivery (continued)
Hyperlocal 5G
Trend Opportunity Impact and Certainty Analysis
Trend Opportunity Impact and Certainty Analysis (continued)
Trend Opportunity Disruption Index
Trend Disruption Attractiveness Score
Trend Opportunity Growth Index
Growth Attractiveness Score
Trends BEETS Implications
Growth Opportunity 1: Rise of SaaS-based Integrators
Growth Opportunity 1: Rise of SaaS-based Integrators (continued)
Growth Opportunity 2: Predictive Hyperlocalization
Growth Opportunity 2: Predictive Hyperlocalization (continued)
Growth Opportunity 3: Electric Micro-Mobility
Growth Opportunity 3: Electric Micro-Mobility (continued)
Critical Success Factors for Growth
The Way Forward
Our Mega Trend Universe
Our Mega Trend Universe (continued)
Identifying Your Company’s Growth Zone
Why Frost, Why Now?
About the Growth Pipeline Model™
List of Exhibits
Legal Disclaimer
Popular Topics
Author | Sukriti Mahna |
---|---|
Industries | Cross Industries |
No Index | No |
Is Prebook | No |
Podcast | No |
WIP Number | PD8D-01-00-00-00 |