Reported 8 months ago
Competition in the delivery market is intensifying, with a shift towards an M-shaped trend as the industry faces challenges post-pandemic. Major delivery platforms in Europe and America have accumulated over $20 billion USD in operational losses since going public. The increase in delivery personnel during the pandemic has led to fierce competition, but a reduction in demand post-lockdown has resulted in a significant drop in order volume and earnings for drivers. The industry is witnessing a decline in active users while subscription services are seeing modest growth, indicating a shift towards an M-shaped market. Despite a rise in subscription members, there is a simultaneous increase in inactive users, impacting the overall dynamics of the delivery market.
Source: YAHOO