Just Eat Takeaway is to lay off as many as 1,700 delivery drivers
Your Personal Navigator in the Ever-Evolving World of Food Delivery
Week 24/6/2024
🍕 Food Delivery
NYC food delivery workers slam ‘greedy apps’ over tips, safety during heated City Council hearing.
Food delivery drivers on Friday admitted low tips and a lack of transparency from “greedy apps” has pushed them to make reckless decisions on Big Apple roads during a heated City Council hearing on Friday (New York Post).
Delivery Drivers Got Higher Wages. Now They’re Getting Fewer Orders.
Apps raised fees to offset pay increases in New York and Seattle, frustrating customers and workers (The Wall Street Journal).
Foodora: Popular food delivery service in Hungary becomes cheaper.
Food delivery company Foodora recently informed its users that it has updated its Terms and Conditions. Two of these changes are very beneficial for users (Daily News Hungary).
Food Delivery Surges, Small Restaurants Struggle Amid Economic Woes.
The online food delivery market in Thailand has surged, yet the challenging economy might force 50,000 to 100,000 small restaurants to close this year (Asean Now).
What does Deliveroo’s free rider insurance cover?
Our market leading insurance cover means that whenever you’re out on the road with us, you’re protected in the event of an accident (Deliveroo).
Delivery Hero upbeat on revenues, decided against Wolt offer.
Delivery Hero on Thursday nudged its 2021 revenue outlook up towards the upper end of its previous forecast, as the online takeaway food company benefits from its ongoing investments in food delivery and so-called quick commerce (Yahoo life).
Zomato In Talks to Acquire Paytm’s Ticketing Arm; More Upside For The Stock? Here’s What Analysts Recommend.
Zomato is in discussions to acquire Paytm’s events and movie ticketing business, aiming to enhance its “going out” segment (Microsoft Start).
Zomato Launches New Daily Order Count Feature, Netizens React.
The latest feature of food delivery platform, Zomato, has become a topic of discussion amongst Netizens (Microsoft Start).
Bolt Food Couriers Take Pledge to Uphold Highest Standards of Safety.
Bolt Food couriers in Ghana have pledged to maintain the highest standards of safety, hygiene, and food handling, marking a significant step towards enhancing food delivery practices across the country (News Ghana).
Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report.
The CEO of Singapore-based Grab told employees in an internal note on Thursday that the company is well placed to make acquisitions, after a report it is close to a merger with regional rival Gojek (Yahoo news).
Swiggy launches new initiative to handle staffing challenges in restaurants.
Swiggy, India’s leading on-demand convenience platform, has announced the launch of its Recruitment Support initiative, designed to assist its restaurant partners with staff recruitment (Adgully).
Just Eat to lay off 1,700 drivers as slowdown bites.
Just Eat Takeaway is to lay off as many as 1,700 delivery drivers as the food delivery business wrestles with a slowdown in demand (Y sports).
Hottest
Grab tells staff it’s ‘in a position to acquire’ after Gojek merger report.
⚡Q-Commerce
Zepto CEO’s message after raising $665 million: “Only possible in one country..”
Zepto, a Mumbai-based quick commerce startup, raised $665 million, valuing it at $3.6 billion (Times of India).
Australia competition regulator flags scrutiny of Uber Eats.
The head of Australia’s competition regulator said on Monday it will scrutinise contracts between Uber Technologies Inc and restaurants that use its food delivery app Uber Eats (Yahoo news).
🍏 Grocery Delivery
Dutch App Supermarket Boss Eyes Tech Boom In Online Delivery.
Advances in artificial intelligence are poised to drive a “massive” boom in online grocery deliveries, according to the head of Picnic, a Dutch app-only supermarket rapidly expanding into Germany and France (Barron’s).
Instacart shares surge in Nasdaq debut, valuation hits $14 billion.
Instacart, the grocery delivery firm, made a strong debut on Nasdaq on Tuesday, with its shares trading at approximately 40% above its initial public offering (IPO) price (Yahoo movies).
🛸 Delivery Tech
Delivery Robots Market Forecast to Grow at 33.12% CAGR from 2024 to 2031 | SkyQuest Technology.
Delivery Robots Market size was valued at USD 219.1 million in 2022, USD 291.67 million in 2023 and is projected to reach USD 2876.29 million by 2031, growing at a CAGR of 33.12% in the forecast period (2024-2031) (Newswires).
📱 E-commerce
Chinese e-commerce sales up 14% during 618 shopping festival.
China’s major e-commerce platforms saw gross merchandise value (GMV) grow 13.6 per cent year on year during the 618 shopping festival, according to third-party data, although profit margins are likely to be squeezed amid a heated price war (Yahoo finance).
Over 200,000 Amazon Sellers Have Used Gen-AI Listing Tools.
Over 200,000 sellers have used one of Amazon’s generative AI listing tools, with over 30,000 of them from the EU, according to Dharmesh Mehta, Vice President of Amazon’s Selling Partner Services (Ecommerce Bytes).
Meet woman, who leads India’s one of biggest e-commerce platforms, drove Flipkart’s Big Billion sales, now CEO of…
Nandita Sinha became Myntra’s CEO on January 1, 2022. She has more than 18 years of expertise in the e-commerce and FMCG sectors (DNA India).
Canadian e-commerce returns specialist expands to U.K.
Global cross-border e-commerce is growing at double the rate of domestic e-commerce, ReturnBear says (DC Velocity).
Just Eat Takeaway.com confirms that it will proceed with its intention to cease operations in France following a consultation period which was first announced in July 2024 and recently completed
Estonian ride-hailing and food delivery startup Bolt said on Thursday it had hit 2 billion euros ($2.11 billion) in annual revenue, as the European rival of U.S.-based Uber opens new tab grows its global presence and prepares to go public