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Amazon and Walmart add food delivery perks
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Amazon is making its biggest move yet into meal delivery. Through a deal announced Wednesday, Amazon Prime will offer no-fee delivery for a year through Grubhub’s membership program, and Amazon is taking a stake in Grubhub’s parent company. There are lots of implications for both companies, and the delivery-from-restaurants space as a whole. We break them down at each level.
As ecommerce continues to grow, new research from McKinsey points to three key trends that are emerging: There are more channels and formats where brands can reach customers, more competition for ad dollars (i.e. retail media networks) and increasing prioritization of personalization. – McKinsey
In this week’s roundup of leadership comings and goings, Pinterest is making a change at the top as it gears up for a deeper push into ecommerce, Bed Bath & Beyond is transitioning CEOs as it seeks to turn around results and The Very Group is bringing on the former head of Walmart Japan. Plus, we’ve got news on hiring at Madison Reed, Boosted Commerce and more.
One of Walmart’s more novel ecommerce offerings is a service that allows customers to have an associate enter their home, and deliver groceries right to their kitchen. Now, InHome will be part of the broader Walmart+ subscription as it expands to more cities. In other Walmart news, the company is planning to charge a new fee to some suppliers to cover rising transportation costs.
Alcohol-free beverages are becoming increasingly attractive to consumers who want to stay sober while still enjoying a refreshing drink. Just in time for summer’s full swing, PrivCo’s The Daily Stack runs down a handful of brands that are growing by attracting investment, and selling through ecommerce channels. – The Daily Stack
Tweet of the Day 🐦
Everyone in the supply chain world knows this, but I'm not sure how widely it's understood elsewhere that the cost of freight has been positively bananas over the past couple of years. It peaked in September and is dropping off a cliff. Bodes well for inflation.
— Zack Kanter (@zackkanter)
7:46 AM • Jul 6, 2022