Bangalore-based logistics enterprise, COGOS has ramped up its fleet by more than 1000 vehicles to meet the festive demand. This new addition of fleet will address the surge in demand during the festive season which is expected to be high till the end of Q3, FY 2021- 22
With the additional fleet, COGOS also expands to 30 new towns and improves reach. According to reports, this festive season has seen a 100% spike in demand from tier II and III markets.
COGOS has seen a huge hike in demand for e-commerce and FMCG retail. However, this year segments like pantry products, beverage and pharma have also seen an uptick. There is an increase in demand observed for mini trucks of 1 tonne and 2 tonne and medium trucks above 4 tonne.
During this season, driver fleets are ensured higher earnings. Every driver on the COGOS platform enjoys the season perks, and payouts are increased by 15% during the festive peak. In the foreseeable future, COGOS plans to continue to work with the newly added driver fleet for the quarter.
Prasad Sreeram, Co-founder & CEO, COGOS said, “This festive season we are observing about a 100 % increase in demand from last year. With the COVID subsiding, consumers are willing to spend. Tier II and III cities have witnessed good demand which has led to the spike in demand for inter and intra-city logistic services. We have massively improved driver onboarding making it easier, simpler, faster and thorough at the same time to ensure a faster response in the festive season.”
The current demand has surged and surpassed the pre-COVID level during the festive season. The adoption of digital payment solutions and the increase in screen time the demand for logistic solutions are anticipated to continue post the festive season.