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https://www.freightwaves.com/news/daily-infographic-preferred-delivery-free-fast-and-trackable
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Remember when Amazon last year scaled back its facility footprint amid an overbuild and an economic...
https://www.freightwaves.com/news/amazon-expands-same-day-delivery-invests-in-driver-safety
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
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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
This commentary was written by Jack Underwood, co-founder and CEO of Circuit. The views expressed here are solely those of the author and do not necessarily represent the views of Modern Shipper or its affiliates.
The explosion of online shopping and our growing global economy makes shipping and delivery more important than ever. Faster is better, but what does the future of delivery really look like? Most people would answer “drones” and other methods of rapid, within-the-hour doorstep...
As I wrote back in May, instant grocery delivery has reached an inflection point.
Throughout the pandemic, investors poured boatloads of cash into ultrafast delivery startups, some of which had valuations north of $10 billion. But the promise investors initially saw in quick commerce has gradually evaporated.
It’s been a tumultuous few months for ultrafast delivery startups, and New York’s Jokr is the latest casualty. The company this week revealed that it would scrap its small share of the U.S....
https://www.freightwaves.com/news/ultrafast-grocery-firm-jokr-pulling-out-of-us-selling-assets
The blows just keep coming for instant delivery.
Ultrafast delivery poster child Gopuff, which is valued at over $15 billion, plans to shut down or pull back on operations at 22 of its U.S. warehouses, two people familiar with the matter told Insider. The news comes during a week that has seen rival 15-minute delivery startups Gorillas and Getir make significant layoffs, with the latter cutting thousands of workers worldwide.
The unnamed sources confirmed that about half of the 22 facilities...
https://www.freightwaves.com/news/sources-say-gopuff-shuttering-up-to-22-warehouses
Ultrafast delivery just can’t catch a break this week. On Wednesday, Turkish instant delivery startup Getir told employees in an internal memo that it would be slashing its global workforce by around 14%. The news comes on the heels of Tuesday’s announcement from rival startup Gorillas that it would lay off 500 employees, or about half of its office workforce.
Estimates place Getir’s workforce at around 32,000 strong, meaning the cuts would impact some 4,480 employees. In addition, Getir said...
https://www.freightwaves.com/news/getir-laying-off-thousands-of-workers-cutting-expansion-plans
Instant delivery is reaching an inflection point. Ultrafast delivery startups like Jokr, Getir and the king of them all, Gopuff, hit the ground running, seeing tremendous growth in the early months of operation as customers embraced the promise of 15-minute delivery. But it seems the spell has begun to wear off.
In the latest blow to the young instant delivery space, Berlin-based startup Gorillas, one of several ultrafast platforms delivering in New York City, announced plans to lay off nearly...
https://www.freightwaves.com/news/ultrafast-delivery-startup-gorillas-slashes-workforce-by-half
In December, Instacart leaked its plans to offer 15-minute grocery delivery. A few months later, the company unveiled Carrot Warehouses, automated nano-fulfillment centers designed to power ultrafast delivery speeds. And now, it has its first adopter.
Regional grocer Publix, which boasts nearly 1,300 grocery stores spanning the American Southeast, will debut Instacart’s 15-minute delivery solution, Instacart announced this week.
Publix on Thursday began delivering groceries to the Miami...
https://www.freightwaves.com/news/instacart-and-publix-roll-out-15-minute-grocery-delivery-in-miami