Food-Delivery Profits Shaky, Future of the Industry Unclear
Thanks to the pandemic, digitization has extended itself to the restaurant industry. Convenient alternatives to home-cooking and restaurant dining due to the pandemic has caused the global revenue in the online food delivery segment to nearly double since 2017. Even so, many of these companies are struggling. The United States is currently the second-largest online food delivery market worldwide. American’s busy lifestyles and a new wave of technologies and platforms have helped to drive the demand for this service. However, news recently broke that Just Eat, the U.K.’s leader in food delivery, is going to delist the U.S. The CEO…