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For the consumer part, the 3 companies doing layoffs are "speedy grocery delivery startup". Those were advertising very hard recently, insisting a lot on speed

For the consumer part, the 3 companies doing layoffs are "speedy grocery delivery startup". Those were advertising very hard recently, insisting a lot on speed of delivery. I was wondering how those were working as it seems to me speed is not really a factor for groceries, as it can be for direct food deliveries. Apparently it's not working that well.

JimBlackwood 4y ago
They are hugely popular in my city (and others in dense populated cities/cities with high student populations). I think a major reason is thought: - They’re all entering the same market at the same time doing huge marketing campaigns. I can’t imagine this will lead to any profits. With food deliveries being extremely competitive and regular grocery prices also being extremely competitive, it must be hard to make money. Especially with so many competitors from the start. - Increasing regulations, they’re no longer allowed to open in city centres and being forced to locate in business parks/outside areas. This ruins their whole “delivered in 5 min!!!” promise and makes it take longer than walking to a grocery store with cheaper prices.