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Food Delivery Trends
Consumers still value convenience, at least when it comes to food delivery.
TODAY’S STORY
Consumers still value convenience, at least when it comes to food delivery.
In Q3 2024, DoorDash reported an 18% rise in orders year over year, and Uber saw its gross bookings for its delivery segment grow by 16% year over year.
This is despite delivery prices pushing meal costs to almost double what it would cost for the customer to pick up the meal themselves.
Customers are also showing a greater preference for third-party delivery services over direct restaurant delivery, up from 15% in 2020 to 21% in 2024. Superior order tracking, access to deals and promotions, and the ability to discover new restaurants have kept app customers coming back.
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Inside Amazon’s Safety Crisis
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PREVIOUS STORIES
Weight Loss Drugs Put Hershey’s, Nestle, and “More Indulgent” Restaurants at Risk — A new survey shows some consumers are spending less on eating out at restaurants and ordering takeout.
Nearly 1 out of 12 Auto Loans is now Delinquent — Americans are falling behind on monthly auto loan payments due to higher car prices and inflated interest rates.
Marketplaces are Very Good…Ads Businesses? — Uber and other marketplaces are beating projections and profiting from their sneaky, strong ads businesses.
Why are Investment Firms Buying Farmland? — Investment firm farmland holdings increased 800% to $16.2 billion between 2008 and the second quarter of 2023.
Inflated Auto Loans: Dealerships' Big Secret—An alarming number of people get their auto loans from the dealership out of convenience and do not realize their rates are artificially high.
To read the web version of previous stories, click here
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Thanks for reading,
Kieran & Justin Ryan