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Logistics companies ride ecommerce wave as Covid restrictions force consumers to move online

Synopsis
Apart from Big Basket and Grofers, Amazon, Flipkart and Reliance too are selling more and more grocery items online. This will increase as a lockdown in Maharashtra and potential similar actions in other states push demand for buying supplies online.
Agencies
In a report last year, Goldman Sachs predicted India’s ecommerce market will double to $99 billion by 2024 with groceries and fashion apparel leading the growth.
As more ecommerce players jump on to the bandwagon of grocery retail and lockdowns increase with the second Covid-19 wave, logistics and supply chain companies are building additional storage and distribution facilities for them. ....

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