Parekh: China's delivery costs are 3x India's, making quick commerce unviable
Vipul Parekh · BigBasket Co-founder on 10 Min Delivery, TATA Acquisition, Wealth Creation & More | Neon Show · Sep 28, 2024 · at 9:14
BigBasket co-founder Vipul Parekh compares delivery manpower costs across major economies to explain India's unique advantage in quick commerce economics.
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“And the third factor which contributed is that we have the lowest manpower cost anywhere in the world. Even China is three X more expensive, right? In terms of cost per delivery, which is why quick commerce doesn't work even in China, because cost per delivery, finally, this is always going to be low order value.”
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