The Future of same day deliveries is changing, and many new trends are emerging, making the process more efficient than ever for consumers. Consumer expectations since the Covid-19 pandemic has soared, the E-commerce sector has grown at exponential rates, and the market is projecting only further growth in the same day delivery industry.
Consumer Expectation
With the Covid-19 pandemic making it impossible for everyone to get their daily needs for the last few years, people have had to utilize same day delivery services. Even though mandates have lifted and people may go to stores and shops freely now, many still aren’t. People have now become accustomed to utilizing same day delivery services and having the things they want on demand. Same day deliveries have combined the instant availability of products in brick-and-mortar stores with the convenience of online shopping.
To keep up with same day delivery demands of consumers, many same day delivery services like Reliable couriers have emerged in order to satisfy consumers’ instant gratification needs. Reliable couriers meet consumer needs by offering a variety of shipping methods and speeds to get deliveries where they need to go. Shipping speeds range from rush, 1-hour, 4-hour, next flight out, and same day delivery services. A large fleet of vehicles is also available 24/7 to complete any delivery speed, ranging from sedans and cargo vans to box trucks with lift gates capable of transporting up to 10,000 pounds of palletized freight.
In a research study conducted by CNBC, it was found that 80% of online shoppers want a same day delivery option at checkout. 56% of online shoppers aged 47-26 expect a same-day delivery option, and 23% would pay an additional premium fee to have their order delivered on the same day. Shoppers expect same day delivery from a number of industries as well, including retailers, grocers, restaurants, medical, legal, and more.
E-commerce Growth
Being a service available to consumers 24/7, e-commerce allows consumers to shop wherever, whenever, meaning the delivery options must follow suit to keep up with demands. With e-commerce increasing and projected to do so by 21.8% in 2024, same day delivery services too will increase. E-commerce allows consumers to have more options at their fingertips; however, this requires many more warehouses to store products until they are purchased. With warehouses needing space, they are typically located outside of the city, which means same day delivery companies will need to have more couriers available and capable of driving from the warehouses to the city or suburbs.
Many e-commerce companies have found that there was a 50% consumer cart abandonment rate if same day shipping was unavailable. It was also found that being able to track the delivery was just as important to the consumer, with Metapack’s 2022 Post Purchase report stating 94.5% of shoppers say it is important and 54.7% say it’s very important.
With increased e-commerce sales and demand from consumers, these companies require a faster, more efficient way to ship to their consumers. Reliable couriers offer cost-efficient and fast shipping options, with local couriers available nationwide. With local delivery drivers in every major city in the United States, Reliable couriers have the fastest shipping times and most cost-efficient options as the drivers are local to where they work and do not have to travel far to pick up and deliver packages. The local drivers are also able to navigate their communities quicker than other couriers as they know the traffic patterns and roads and can quickly reroute and navigate and avoid potential delays.
What the Market reveals
In a recent report on the same day delivery market, it was found that the value size had reached “USD 5795.64 million in 2021 and is expected to expand at a CAGR of 12.65% during the forecast period, reaching USD 11841.54 million by 2027.” “The global and is expected to expand at a CAGR of 12.65% during the forecast period, reaching USD 11841.54 million by 2027,” according to reports. The market is showing in the United States and the global economy that there is exponential growth for same day delivery services in the years to come.
Some restraining factors in the market may slow down the growth of same day deliveries, such as lack of infrastructure, inefficiencies in transportation, complex tax systems, the adaption of new technologies, and lack of or inadequate storage facilities. There are still plenty of market opportunities from the projected growth in the industry, looking to utilize the growth to expand in these areas and emphasize last-mile deliveries.
Modes of Transportation
Over time, in the same day delivery industry, modes of transportation utilized have shifted drastically. From the older modes of transportation, including cars, buses, trains, and planes, to the new availability of e-scooters, e-bikes, and electric vehicles. Projections have shown that roadway transportation will prove to be the most lucrative and cost-efficient mode of transportation for the future, especially with the introduction of electric fleets being introduced to the same day delivery industry. There are many pros and cons of an electric fleet for a same day courier service before switching to an all-electric fleet. Knowing how EVs are changing deliveries and what the future holds for them will help in the decision and will also affect the future of the same day delivery industry as a whole.
At Reliable couriers, we look forward to future developments in the same day delivery industry and will adapt to new technologies and supply chains accordingly to continue serving our communities and providing them with a quick and cost-efficient option for getting their packages delivered. Find out how we can meet your same day delivery needs by calling us or visiting online and receiving an obligation-free quote today.
