Indonesian quick commerce players hit the brakes on rapid expansion

Indonesian quick commerce players hit the brakes on rapid expansion

Groceries in a shopping cart move through a food aisle at the Tesco Basildon Pitsea Extra supermarket, operated by Tesco Plc, in Basildon, U.K., on Tuesday, Dec. 1, 2015. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Just a year ago, quick commerce players in Indonesia were rushing to cash in on the pandemic-induced shift in consumer behaviour to reap bounties. However, one year on, the sector spells a different story with at least two players pulling down their shutters.

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