Glossary

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A hyperlocal delivery model is an e-commerce model that leverages local offline shops to fulfill the on-demand needs of customers through a digital platform. The primary advantage of this model is that it allows for quick and easy fulfillment of customer requests. This model is particularly useful for meeting the immediate needs of customers for goods and services, such as groceries, medicines, and laundry services.

Related Glossaries

Logistics

Logistics is the process of planning, coordinating, and executing the movement of goods from one point to another. The term "logistics" is sometimes used to refer to the entire field of business that deals with the movement of goods for storage, transport, distribution, and other purposes.

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Shipment cancelled

The shipment has been canceled, and delivery will not take place.

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Dangerous Goods

Dangerous goods refer to certain hazardous goods that the secretary of transportation has recognized as dangerous and are capable of imposing a threat to health, safety, and property while being shipped. Most courier firms ban the shipment of certain items because of the nature of the goods. These items must be carried with extreme caution and must be declared prior to shipment. Some harmful commodities are forbidden from shipping by one or more modes of transportation. Because of their chemical or physical qualities, certain commodities are designated as DG goods. Crackers, gases, flammable liquids, corrosive substances, and so on are examples.

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Transit Insurance

Transit insurance is a type of insurance policy that provides coverage for business goods or personal belongings during transportation from one location to another. Such policies typically offer protection from the moment the goods are loaded onto the specified mode of conveyance (such as a truck) until they reach the destination declared on the policy.

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