These days, home delivery of almost every product and even some services is possible. While the trend of delivering things at one’s doorstep has been around since a long time, in today’s world, people are also demanding faster delivery services. With the emergence of platforms including Amazon, Flipkart, and several other applications for delivering a variety of products, such as food items, clothes, books, groceries, furniture, and home décor, people are able to choose whatever products they like and get the desired item, at most, within a week. In order to provide better customer service, online shopping platforms have started offering one-day delivery, where the product reaches buyers within a span of 24 hours.

One-day delivery and/or same-day delivery can realistically be offered to local customers, with people living in urban areas being the major beneficiaries of such services. In the retail industry, the term, on-demand logistics, is used for referring to the ability of providing same-day or faster-than-usual delivery to local customers. Valued at $9.1 billion in 2019, the global on-demand logistics market is predicted to generate revenue of over $75.0 billion by 2030, advancing at a 21.1% CAGR during the forecast period (2020–2030).

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The increasing inflow of huge investments is one of the key trends currently being witnessed in the on-demand logistics market. There has been a huge rise in the number of start-ups operating in the market over the last few years. A majority of these start-ups are receiving huge funding from various venture capitalists for expanding their operations and businesses across the world. For example, Lalamove, an on-demand logistics providing company based in Hong Kong, received an investment worth $300 million in series D round, as the company aims to expand its operations across Asia-Pacific (APAC).

Hence, the concept of on-demand logistics is primarily gaining popularity due to the growth of the e-commerce industry.