Boolanga Business Bites
Your Personal Navigator in the Ever-Evolving World of Food Delivery
Week 6/5/2024
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?? Food Delivery
Deliveroo, Just Eat and Uber Eats to enhance security checks to prevent illegal working. Leading food delivery companies will introduce enhanced security checks on their apps to prevent the market being abused by illegal workers, following discussions with the government (Gov.uk).
Food delivery companies Deliveroo, Just Eat and Uber Eats are introducing enhanced security checks on their apps, after talks with government, to prevent illegal work in the gig economy. All three firms have committed to change their processes to confirm substitute riders have the right to work legally in the UK (Personnel Today).
DoorDash results underwhelm, Uber remains preferred food delivery stock pick. DoorDash Inc’s latest quarterly results failed to galvanise interest on Wall Street, with the San Francisco-based food delivery company’s share price falling 13% in opening exchanges (Proactive Investors).
Inside the underbelly of East Asia: China's food delivery riders and their struggles. China's food delivery market has experienced explosive growth in recent years. It was worth about US$150 billion in 2022 (Channel News Asia).
Domino’s Pizza Canada picks Uber Eats as exclusive delivery partner. The partnership will initially make 260 Domino's locations in Ontario available on the Uber Eats app (Verdict Food Service).
Chowdeck secures $2.5m seed funding to optimize food delivery in Nigeria. Chowdeck, a Nigerian on-demand delivery service, has secured $2.5 million in seed funding to optimize operations and support expansion into more cities across the country (Ripples Nigeria).
Glovo quits Slovenia. Delivery service Glovo has announced it is leaving the Slovenian market on 10 May. The decision was made on the basis of a "reassessment of the company's priority investments." (The Slovenia Times).
Just Eat: Delivery becoming ‘entrenched’ among younger consumers. Just Eat has seen a significant rise in order volume during the breakfast and lunch day parts, with delivery across occasions becoming “entrenched” among younger customers (MCA).
Glovo to halt operations in Ghana. Glovo, a leading food delivery platform, has revealed plans to cease operations in Ghana as of May 10, 2024, despite substantial investments made over the past two years to enhance its services (Instinct Business).
I Was Once an Uber Eats Driver, But Now I'm a UFC Champion'. The UFC star had to send his family back to his home country during COVID and lived on his own in America for nearly a year (Give Me Sport).
Uber Eats Launches 2 Michelin Star Tasting Menu With Ikoyi. Ikoyi, one of London’s most beloved – and expensive – two Michelin-starred restaurants, is launching an exclusive tasting menu with Uber Eats (Forbes).
Zomato faces fresh GST demand and penalty worth over Rs 2 crore. The order, spanning from April 2018 to March 2019, includes a GST demand of Rs 2,22,91,376 along with accrued interest amounting to Rs 2,08,98,164 (Business Today).
?Q-Commerce
Getir is exiting Europe and closing Gorillas as fast grocery delivery feels the chill. Grocery delivery service, Getir is exiting Germany, the UK, and the Netherlands and will focus solely on Turkey (Tech.EU).
Foodpanda doubles down on quick commerce with house-brand grocery products. FOOD-DELIVERY platform foodpanda is making a fresh push into the online grocery market, with a new campaign for its house brand Bright kicking off on Monday, 29 April (The Business Times).
?? Grocery Delivery
The Supply Side: Online grocery sales expected to reach $204.61B in 2024. According to market research firm eMarketer, U.S. digital grocery sales will grow 11.5% to reach $204.61 billion this year (TBP).
Kroger considers Disney+ perk for grocery delivery members. The move comes as the market attempts to compete with e-commerce leaders such as Amazon (Global Data).
DoorDash says it performed well in first quarter amid uptick in grocery delivery demand. Grocery delivery in the U.S. has seen a steady rate of growth this year as the grocery retail sector has continued to grow (Scripps News).
Online Grocery Sales to Grow 3X Faster Than In-Store. Meanwhile, Amazon is offering unlimited grocery deliveries for $9.99 per month (Globest.com).
Uber Eats focuses on SMEs with new grocery delivery tools. This week Uber Eats announced the addition of some new features, directly aimed at grocery delivery. Interestingly, rather than highlighting supermarket giants such as Coles and Woolworths, the company has argued the benefits for smaller and independent grocers (Smart Company).
Instacart Becomes Kohl’s Same-Day Delivery Partner, Continues Expansion Beyond Grocery. Instacart has become the exclusive same-day delivery partner of Kohl’s (PYMNTS).
?? Delivery Tech
Are robots the future of food delivery? Serve Robotics thinks so. Your next late-night pizza delivery may be handed to you by a different kind of delivery driver: a four-wheeled autonomous robot (Yahoo Finance).
?? E-commerce
Government Initiatives to Foster Digital Economy and E-Commerce in Indonesia. Through a dense flow of information, opportunities in mapping trade patterns are increasingly varied along with the development of digital technology (Modern Diplomacy).
E-commerce majors Amazon, Flipkart flouted antitrust laws: CCI probe. Competition regulator to soon share report with firms (Business Standard).
TikTok's US e-commerce is soaring. TikTok's e-commerce platform experienced rapid growth in 2023, with over 500,000 merchants selling to US users by the end of the year, double the number from three months earlier, reported Bloomberg (Fashion United).
Amazon sees e-commerce recovery: 7% sales uptick. Amazon saw profits triple in the first quarter. Cloud services took off again, but e-commerce also grew 7% (Retail Detail).
Cross-border e-commerce sales up 32% in Europe. Cross-border e-commerce in Europe accounted for sales of €237 billion last year (excluding travel), an annual increase of 32%, Cross-Border Commerce Europe reported on Thursday (Brussels Times).
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