With the cost-of-living crunch hitting home, food delivery companies will need to adapt to lower demand
"Everyone's scaling back, everyone understands they now need to get to profitability," said Citi analyst Monique Pollard.Those include DoorDash
Morgan Stanley has said its polling showed spending on restaurants is one of the first places consumers will look to save money during a recession. It estimated Amazon's deal with Britain's Deliveroo launched in September 2021 led to a doubling of subscribers from 750,000 to 1.5 million in the first month following the deal.
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