How is the market faring for grocery delivery during this Pandemic?

submitted 4 years ago by benluis to business

Since the wake of the pandemic, people have shifted their attention to these online platforms.

  • According to Coresight Research US global survey in 2020, online grocery sales will be up by 40% in 2020.
  • On a typical day, Walmart Grocery witnesses 10,000 app downloads. But in the last two months, the numbers are on a high, reaching 54,000. That is 5x the original demand.
  • According to Instacart, the users of the app ordered essentials worth $700 million in the first two weeks of April.
  • The on-demand platform initially hired 300,000 delivery workers on the gig economy in May. Besides this, it plans to hire 250,000 more to cope up with escalating demands.

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