News Formal

Grubhub, Uber Eats and DoorDash made online food delivery a $10 billion business. Restaurants aren't happy about it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Food delivery is expected to become a $467 billion industry by 2025. Here’s a look at the growth of the 4 companies leading the boom — DoorDash, Grubhub, Postmates and Uber Eats.

are among the many national restaurant chains that have partnered with delivery services. But for some, the extra sales from delivery also mean lower profit margins and major operational changes.

"We see this a lot more in the sophisticated restaurant chains that are beginning to really embrace off-premise and delivery," said Trevor Boomstra, director of AlixPartners' restaurants, leisure and hospitality practice. "They're adapting their physical presence and their layouts."'The honeymoon is over'

"Two and a half years ago, some of the largest delivery companies in the world were still trying to convince chain operators of the merits of it," Allen said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

gc There will be a 5th soon! According to a local partner! 📲

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 restaurant executives and insiders reveal the industry's biggest challenges for 2020 - Business InsiderBusiness Insider spoke with five restaurant industry insiders about the biggest challenge facing the business in 2020.
Source: BusinessInsider - 🏆 729. / 51 Read more »