Tuesday, 8 November 2016

Seems Like Everyone is Jumping Into Food Delivery

It's interesting to us how little media attention the demand side of the on-demand/gig economy gets. 

Demand, of course, is the reason on-demand/gig economy startups can raise large sums of money at lofty valuations. It's also why all the talk about the on-demand/gig economy going away is quite silly.

On-demand food delivery is a good example.

While currently a relatively small market, it's attracting companies of all sizes and shapes. 

A few examples of recent activity in this space include:

The chart below, from BI Intelligence's recent report THE ON-DEMAND MEAL DELIVERY REPORT (paid subscription required), shows why food delivery is attracting so much interest.  

Simply put, there's a huge potential market for online food delivery.

Food delivery shares

The demand for food delivery is also clearly illustrated in a recent report from the analyst firm Mintel. They report that:

... half of U.S. adults said they ordered delivery food in the past three months. And 60% of those surveyed had done so to avoid going out.

So when you read in the media that the on-demand/gig economy is in trouble, remember that demand for on-demand/gig economy goods and services is simply too large for this sector of the economy not to grow.



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