The volume of orders for grocery deliveries online surged in April and could more than triple this year, according to the data released by e-commerce consultancy INFOLine, released on May 13,bne IntelliNewsreported. INFOLine’s data for the first quarter this year and April’s trading results surged and could rise3.3x to RUB135bn ($1.8bn) in 2020, with the express delivery channel to top RUB30bn ($406mn), almost quadruple the RUB700mn of sales in the same period a year ago. “In March-April, the demand for online food shopping surged after lockdown restrictions were imposed, while client acquisition costs diminished. Express delivery mimics the. Read more...
The growing market for online trade and sales of essential goods stemming from excessive demand has compelled some market participants to look for warehouse space,Kommersantwrites. Against this backdrop, their absorption rate in the Moscow Region grew by 60% in the first quarter of this year, according to the business newspaper. Konstantin Fomichenko, director of the Industrial and Warehouse Department at real estate consultancyKnight Frank, explains that the growing demand for warehouses is ensured by retailers who are actively searching for premises or logistics operators. “Networks are trying to build up stocks of goods and simultaneously lock in. Read more...
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