The following is the New coronavirus epidemic stimulates the development of on demand distribution service From eMarketer recommended by recordtrend.com. And this article belongs to the classification: eMarketer, Online shopping.
During the pandemic, due to the changing food ordering habits, consumers’ demand for some services is increasing, such as on-demand meal delivery service is developing in a larger direction. Here are some recent developments in this field:
Amazon is expanding its food distribution service in India. Amazon food is launching 62 new zip codes in Bangalore, India’s third largest city, according to techcrunch. Amazon super members can order free delivery services from 2500 restaurants in Bangalore, while non members can pay 19 rupees (US $0.26) for delivery.
Delivero in the UK recently started the IPO application process. The food delivery service, which mainly operates in Europe, is launching its IPO process in London with an estimated valuation of $10 billion, according to the Wall Street Journal. In 2020, the company’s net income increased 54% annually to 1.2 billion pounds (1.5 billion dollars) due to the surge of on-demand delivery caused by the new crown pandemic.
OLO, headquartered in the United States, will begin preparations for the IPO. The SaaS platform, which provides ordering and delivery software for restaurants, applied for a $100 million IPO in February.
The new crown pandemic is changing the way consumers order food. Consumer demand for online food ordering has increased: before the new crown pandemic, 62% of U.S. consumers ordered food online at least once a month, and 78% maintained or increased the frequency of ordering during the crisis. As a result, emarketer predicts that sales in the U.S. digital restaurant market through platforms such as doordash and grubhub will more than double in 2020. At the same time, sales of suppliers that helped drive digital ordering and delivery also increased last year. For example, in 2020, OLO’s revenue will grow to $45.7 million.
Food distribution service providers are now stepping up their services to prepare themselves for the pandemic as it fades.
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