How will furniture logistics get affected by Delhivery IPO?

"To build a brand, never settle for less! What makes your brand unique in the market is your quality and price." says Lokendra Ranawat, Co-Founder & CEO, Wooden Street  

The online shopping market has seen substantial growth in the last decade. The two significant factors reasoning the development are enhanced digital knowledge among the common mass and the improving logistics industry of India. 

Companies are growing at a significant pace, majorly because of the logistics. The furniture industry is one such sector that has bloomed its wing online & offline because of the improving logistics efficiency of India. And one dynamic contributor to such profitable stats is Delhivery. It has recently garnered more attention since the announcement of its IPO. 

Many logistics companies in India are still in a phase, where they are safely expanding. Now, this is where Delhivery scores extra points. It offers vast logistics services all under one roof. It shows how much expertise it has in its services. 

We can say that Delhivery has set an example for other dynamic logistics companies to raise the bar of logistics services in India. 

How would logistics companies affect the furniture industry?

Competition in an industry is what leads to revolution. The same has been the case in the furniture & logistics sector, which Delhivery IPO has further upped. Finding profitable as well as quality services under one roof will be the most-valuable party, and the company has followed the same. 

The market's perspective has changed since the internet is freely available. E-commerce has evolved to a level where you can buy/sell anything and everything online. 

Service quality would have been a mere factor in the past but refined logistics service revises the entire cost of the product for a sector like a furniture industry. Therefore, improving logistics will also persuade sectors to pay attention to the quality of service. 

Here is a list of factors that the furniture industry will face from powerhouse logistics companies like Delhivery: 

Drastic hike in logistics prices 

Companies have drastically hiked service prices, bringing importance and more value to logistics. However, that should be no reason to worry as the quality of service would also increase. This way, the furniture industry would improve its supply management and serve a more vast audience with ease. 

More demand for the quality of service 

Dynamic logistics companies like Delhivery have raised service standards for the better. With increasing service rates of logistics, people would expect more quality and efficiency. And for the furniture industry, settling for poor logistics service would only risk production. Therefore, service refinement would be one rigid pointer that logistics companies will strive to achieve. 

Bringing in healthy competition 

The value of logistics brands has a new face because of the unicorn brand - Delhivery. The buzz and publicity that Delhivery has created by bringing in IPO have made the competitors elevate their work and aim for the better. Hence, the growth of Delhivery has indeed bought healthy competition in the market and would hopefully bring more top-class logistics companies into the game.  

To build a brand, never settle for less! What makes your brand unique in the market is your quality and price. Delhivery is one such successful example of hard work that has upgraded logistics standards in India. Indeed, Delhivery IPO would affect the furniture industry but those companies, which cope up and elevate their quality of services, would build an evolved market that demands perfection.