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https://www.freightwaves.com/news/daily-infographic-grocery-delivery-makes-it-to-the-mainstream
You’ve heard of commerce. You’re probably familiar with e-commerce. But allow Galen Walters, CEO of the newly formed Stor.ai, a Relationshop company, to introduce you to i-commerce.
“The ‘i’ represents the tenets of our enterprise solution: intelligent data, individual engagement and integrated shopping,” Walters explained. “We believe that for regional retailers to compete with WIKA (Walmart, Instacart, Kroger, Amazon), they need a technology solutions partner and unified technology platform...
https://www.freightwaves.com/news/online-grocery-firms-merge-to-form-storai-a-relationshop-company
Grocery delivery platform Instacart started 2022 with a valuation of nearly $40 billion. Now, according to a report by The Information, it may close the year valued at just $10 billion.
Two people reported to be familiar with the situation told The Information that Instacart, which had been slated to launch an initial public offering this year and is now expected to go public next year, has cut its internal valuation to around $10 billion. That would represent a 20% decline off its previous...
https://www.freightwaves.com/news/instacart-reportedly-slashes-internal-valuation-by-20-to-10b
This week marked a milestone for the drone delivery industry when Rwanda became the first country in the world to establish a nationwide drone delivery network in collaboration with San Francisco-based Zipline.
The drone firm’s partnership with the Rwandan government opened up its service to the country’s entire population, something that had never been done. But the news probably got some observers wondering: Where’s the U.S.’s countrywide drone delivery service?
Given the snail’s pace of...
https://www.freightwaves.com/news/walmart-droneup-expand-delivery-service-to-florida-texas-arizona
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Ultrafast grocery delivery startups were once seen as part of the future of last-mile delivery, with...
https://www.freightwaves.com/news/getir-to-acquire-gorillas-and-gorillas-investors-may-go-bananas
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In the e-commerce era, customers expect to be able to order and receive anything, anywhere at any...
A few months after announcing the layoffs of hundreds of employees, Gopuff continues to trim its workforce.
The 30-minute delivery company last week cut just under 250 workers, people familiar with the matter told Bloomberg on Wednesday. According to Gopuff, the layoffs affect the firm’s customer service team and include a mix of full-time and temporary employees.
The cuts are part of an internal restructuring by Gopuff, announced in July. The company had intended to eliminate the roles months...
https://www.freightwaves.com/news/delivery-company-gopuff-continues-layoffs-outsourcing
The grocery delivery wars have a new challenger.
Long a two-horse race between Amazon and Walmart, the playing field may have shifted with Kroger’s (NYSE: KR) acquisition of Albertsons (NYSE: ACI), combining the second- and fourth-largest grocers in the country in terms of market share.
The $25 billion purchase is among the largest in the history of the U.S. grocery industry and is currently under scrutiny by regulators with the Federal Trade Commission. But if the deal holds up, Kroger and...
The Federal Trade Commission is throwing down the gauntlet against gig companies like Uber, Lyft and DoorDash.
The FTC on Thursday released a policy statement that made clear the agency’s commitment to protect gig workers from “unfair, deceptive and anticompetitive practices.” While the statement does not have any legal power, it mentions a laundry list of practices that the FTC is looking to combat, including:
https://www.freightwaves.com/news/ftc-to-crack-down-on-unfair-deceptive-gig-company-practices
If you live in Houston or Mountain View, California, you may not need to tip on your next food delivery order.
That’s because Uber Eats (NYSE: UBER) on Thursday announced a multiyear partnership with Nuro, one of the country’s leading autonomous vehicle manufacturers. Starting this fall, customers in Texas and California can get their food delivered by driverless robot and skip the tips.
The companies plan to expand the service to the San Francisco Bay Area after getting their driverless delivery...
https://www.freightwaves.com/news/uber-eats-goes-driverless-with-nuro-partnership