The food delivery space has been having a rough time lately, particularly in Europe. Since the beginning of the year, U.K.’s Deliveroo and German online delivery service Delivery Hero have lost about half of their value on the stock market, and another German on-demand grocery...
As shippers aim to meet sustainability mandates and carriers look to switch to electric vehicles (EVs), both parties are finding that the project is complicated and expensive. For a trucking industry that is largely made up of owner-operators and carriers with fleets of just one...
Grocery tech firm Instacart said it has expanded its Electronic Benefits Transfer and Supplemental Nutrition Assistance Program (EBT, SNAP) offering to 10 new states. According to a Monday (July 25) news release, the expansion covers the states of Colorado, Hawaii, Idaho, Louisiana, Montana, New Mexico,...
Amazon said Thursday (July 21) it has begun making deliveries with electric vehicles (EVs) in at least nine U.S. cities. It’s part of what the company says is a plan to put thousands of such vehicles on the streets of more than 100 cities by...
Just Eat may eliminate 350 jobs in France due to “difficult market dynamics” in the country, although the plan, which would involve firing permanent delivery staff in 26 cities across France, is still being negotiated with unions. According to a Bloomberg report Wednesday (July 20),...
Capital Group, an Instacart investor, has slashed the delivery firm’s valuation back to $14.7 billion, a big drop from Instacart’s own calculation of $24 billion, Bloomberg reported Monday (July 18). Capital Group put the shares at $45.84 at the end of June, it said in...
UK-based food delivery service Deliveroo announced Monday (July 18) that it is slashing its sales growth forecast in the face of a “rapidly changing macroeconomic environment.” In lowering its projected gross transaction value (GTV) growth rate to 4-12% from 15-25%, the company is acknowledging a slowdown...
The bulk of all grocery shopping may continue to be centered on the physical store, but the share of consumers adopting online options is on the rise. By the Numbers The July edition of PYMNTS’ ConnectedEconomy™ series, “The ConnectedEconomy™ Monthly Report: The Rise of the...
As demand for restaurant and grocery delivery continues, businesses that rely on the channel are facing new challenges, as ongoing labor difficulties are compounded by rising food and commodities costs. In addition to the most popular, well-known delivery channels, such as restaurant aggregators like DoorDash...
