Food delivery wars: Duke professor says there’s a better way

by Robert Swinney, Duke University — January 13, 2023 . DURHAM – The rise of food-delivery services like DoorDash and Uber Eats provided a lifeline for restaurants during the pandemic. The relationship, though, seems to have soured of late, as people slowly resume their eating-out habits. One reason is an inherent flaw in the revenue-sharing contracts between the …

CATERING ORDERS ARE BACK TO PRE-PANDEMIC LEVELS AT OFFICES AND OTHER WORKPLACES

The return-to-office trend is slowly gaining momentum, with more companies, including Starbucks, requiring workers to come in several days a week or more. Although many workplaces still offer a remote arrangement, in 2022, catered lunches grew as an incentive for employees to leave their home workspaces and reclaim their office desks, reports ezCater, an ordering platform …

Just Eat orders drop in latest quarter amid online food slowdown

Just Eat food delivery service saw customers place fewer orders than expected in its latest quarter amid rising living costs and a slowdown in growth for the online food sector. The total value of orders placed on Amsterdam-based Just Eat’s platform during the fourth quarter was €7.1bn, the company reported, compared to an average analyst …

Grubhub Parent Focused on Profitability Amid Slump in Orders and Spending

With aggregators increasingly operating at a profit, those that are not may get left behind. In the past couple of quarters, Just Eat Takeaway.com has been making a profit for the first time since lockdown, even as sales have fallen. The company discussed this turnaround on a call Wednesday (Jan. 18) accompanying its fourth-quarter 2022 financial results. “[We …

There’s A Huge Temporary Growth In Gig Work To Make Ends Meet

A Prudential Pulse survey finds large percentages of millennials, gen Z and women  struggle with finances. The result is more gig work… Nearly half of millennials agree or somewhat agree with the statement “I regularly run out of money and have to rely on credit cards or family for financial support.” Please consider Generational Gap Grows: …

DoorDash’s (DASH) Growth Slows Down Amid Economic Turmoil

DoorDash DASH is reeling with slowing business growth. Consumers are spending less on online delivery apps amid the economic turmoil, and the online food delivery business is facing a downward spiral since its boom during the pandemic period. During the pandemic, DoorDash and Uber Technologies’ UBER Uber Eats, controlling 90% of the U.S. food-delivery market, continued to record …

Inflation Has Americans Cutting Back on Food Delivery — How Much Is Their Average Savings Per App?

The term “discretionary spending” usually refers to lifestyle “wants” — non-essential pursuits like hobbies, travel and luxury spending. Conversely, non-discretionary “needs” items such as rent, groceries, gas and bills, plus mortgage, car and credit card debt, insurance and healthcare are day-to-day mandatory expenses. Due largely to the pandemic in 2020, the convenience of ordering food from home …

Madison food delivery giant EatStreet predicts insolvency, foreclosure

In a federal court filing last Friday, Madison-based food delivery company EatStreet said it can no longer pay $1.2 million to settle a lawsuit brought by workers, and is likely headed for insolvency and foreclosure. Workers’ attorneys question that claim.  The court filing marks the latest development in a years-long class action lawsuit brought by …

Aggregators’ Global Growth Compromised by Rising Inflation and Competition

  |    Food delivery services around the world are pulling out of regions and cutting staff. These moves come as global inflation and increased competition make the already challenging economics of the aggregator model even more difficult despite ongoing demand for convenient meal options. The latest occurrence in this segment includes word from Just Eat Takeaway.com subsidiary Menulog, which …