LogiNext witness 40% rise in ‘medicine e-commerce’

LogiNext witness 40% rise in ‘medicine e-commerce’ deliveries following the onset of the COVID-19 pandemic

  • LogiNext clients in urban cities saw medicine e-commerce go up by 40%
  • More than 70% of consumers mentioned in surveys that e-shopping of medicines has increased or remains constant after the unlock
  • Of the total online ordering, 25% of deliveries come from suburban and rural areas

Ever since the pandemic, e-commerce has seen hyper-growth, especially the pharmacy business. Following the lockdown, customers were prompted to transition to online medical consultation, and subsequently delivery of medicine. LogiNext, a B2B route planning software that helps pharmacists and retailers digitize their last-mile deliveries has reported a growth of 40% in medicine home delivery since June 2020. The growth has also picked up on the back of transportation management systems. e-Pharmacies too are on the rise and traditional pharmacy chains are rapidly undergoing a digital transformation journey to enable on-demand delivery.

Mradul Khandelwal, VP Global Sales and Strategy – LogiNext

Moreover, as per the latest study on understanding consumer behavior after the lockdown (post mid 2020), more than 70% of consumers mentioned that e-buying of medicines has increased or remains constant. The global ePharmacy market is pegged to be over $150 billion by 2025 and all brick and mortar retailers are revamping up their operations and supply chains to go online. “We’ve seen a major spike in inbound inquiry from pharmacies to digitize and optimize last mile delivery of orders. The LogiNext Mile software is the perfect solution for any large pharmacy handling hundreds of orders every day to automate their delivery management with last mile tracking and advanced route planning,” says Mradul Khandelwal, VP of Global Sales and Strategy, LogiNext.

LogiNext works with major pharmacy chains like Apollo Pharmacy, CVS Pharmacy and Walgreens to digitize and automate their retail business by leveraging technology. LogiNext provides a plug & play SaaS platform to enterprises to automate their logistics management. The software has some key functionalities like delivery route planning, route optimization, B2B fulfillment along with complete visibility and tracking of the supply chain.

As economies open up, this trend has stuck among consumers and digitization is the way to go for pharmacies and retail businesses. Consumers now expect same-day deliveries in urban cities and enabling this has been made possible by technology solutions like LogiNext Mile Transportation Automation Platform. E-Pharmacies have seen a major uptake and to be relevant in the future, traditional pharmacy companies will have to digitally transform their supply chain.

Filed in: ARTIFICIAL INTEL, Auto, COVID, eCommerce and Supply Chain, Logistics, Retail /SCM, warehousing Tags: 

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