BRACE YOURSELF FOR A MASS EXODUS OF EMPLOYEES

Restaurants struggling to hold onto their employees are about to hit by a major setback, according to new research. A survey of 13,659 wage earners by the online job marketplace Joblist revealed that 58% of restaurant and hotel employees intend to quit their jobs by the end of the year, stoking what the researchers have dubbed The …

Delivery wars heat up as services turn to OOH advertising

The delivery service wars — battles between DoorDash, UberEats and Grubhub — have been raging for several years as each brand jockeys for position as the leading food delivery provider. Through the COVID-19 pandemic, popularity in delivery services skyrocketed as people stayed home to avoid getting the virus. Consumers felt comfortable ordering from delivery apps …

Home food delivery still going strong for Iowa businesses

From online retail giants to local takeout, last year’s home quarantine period saw a boom in home-delivery services. That wave receded this spring as vaccination numbers grew, but larger Iowa markets are likely to see continued growth in the service. “We anticipate more customers choosing online shopping as their primary way to shop for groceries,” …

Two Boston Food Tech Companies Were Hit By Covid-19. One Pivoted Successfully

When customers aren’t buying a company’s product, business leaders face a choice: pivot or perish. That leaves open some important questions: What exactly does it mean to pivot? Where should the company pivot to? What makes the difference between pivots that deliver growth and those that peter out? Pivoting means to change your business strategy — specifically, invent or acquire a …

Uber Eats for Business wants to deliver treats for hybrid workers everywhere

Getting some tasty incentives to return to the office could soon be more common following a major expansion from Uber for Business. The business arm of Uber is upgrading its Eats for Business platform to address the changes being encountered by businesses across the globe as workers increasingly shift to a hybrid working model that sees them …

3 Reasons To Invest In Toast’s $20B IPO

If there is one thing I have learned about investing over the years, it is this: nobody can predict the future. What distinguishes the best companies — and makes their shares a good investment — is their ability to act quickly and effectively when the unexpected happens. Usually private investors lack compelling evidence that a …

Gig economy companies are having to spend more than ever to find hosts and drivers

In Airbnb’s earnings report on Thursday, the home-sharing company said sales and marketing costs in the second quarter jumped 175% to $315.3 million. DoorDash said its sales and marketing costs in the quarter climbed 154% to $427 million. Both companies are increasing marketing expenditures at a rapid clip to bring more supply into their marketplaces. …

On the rebound, ezCater touts power of food to entice workers back

The catering startup ezCater had a rough start to the pandemic, laying off hundreds of employees. Now amid a quicker rebound than expected, the Boston company has launched its first TV advertisement hoping to capitalize on the momentum. With cases still low relative to months ago, and vaccination rates high in many large metro areas, …

Food Delivery Is Thriving Across Tampa Bay, But Restaurants Aren’t Sold

The early months of the pandemic were tough for restaurants, so to stay in business, many turned to delivery. But convenience comes at a price. Thanks to services like DoorDash and Uber Eats, just about any restaurant food can now be delivered to your door. But while delivery snowballed in popularity during the pandemic, those …

Delivery Co-ops Provide an Answer to High Fees and Low Wages

During the pandemic, homebound Americans more than doubled their food delivery orders, largely through third-party apps like Seamless and UberEats. COVID-19 lockdowns may have hastened the apps’ growth, but economists have tracked a dramatic uptick in the use of such platforms over the past five years. But the convenience of these apps masks an inherently predatory nature, with crippling …