The coronavirus pandemic has caused an abrupt shift in consumer behavior and is upending the on-demand industry, where the biggest companies were built first and foremost around ride-hailing services rather than food deliveries.
Moving to food delivery may help some companies weather the crisis, but it could come at a cost. Uber’s meal delivery business has been a “money-losing” venture that has weighed on the stock. The margins on delivery are lower than ride-hailing/
For some companies, the trend has led to rapid expansion. Instacart, the grocery delivery startup, said this week that it plans to bring on 300,000 additional workers in North America over the next three months to help meet its surging demand.
Read the article at CNN.
The post The Ride Hailing Industry Is Getting Turned On Its Head By Coronavirus appeared first on Fleet Management Weekly.
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