UK 'Quick Commerce' Channel Worth £1.4bn, IGD Says
The UK 'quick commerce' channel, through which food and groceries are delivered consumers in less than one hour, and often under 30 minutes, is currently worth £1.4 billion (€1.6 billion), according to a new report from IGD.
The report is part one of a series that looks at the size, scope and growth of the 'quick commerce' channel.
Also referred to as rapid delivery, the channel is estimated to grow to £3.3 billion (€3.9 billion) in the UK alone.
Head of online retail insight at IGD, Simon Mayhew, explained, "Rapid delivery, or 'quick commerce' as it is now known, has been around for some time, but COVID-19 has clearly catapulted its expansion to the point where it's become a channel in its own right.
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