Unfortunately, the COVID-19 pandemic seems to be getting worse by the day. A second wave is currently spreading across the country, so it might just be a matter of time before another lockdown occurs. One of the industries that has already seen a benefit during COVID is 3rd party delivery apps. An article on CNBC notes that sales for GrubHub are up 41% for the second quarter, while overall the industry is up 158%.
While these app delivery services are in a good position to succeed in the 4th qtr, CNBC notes some interesting observations.
In cities like New York and San Francisco, lawmakers are urging for caps on the fees that these companies can charge restaurant owners, as bottom lines are becoming razor-thin.
Some restaurants are beginning to launch their own delivery services to help avoid paying these out of pocket commissions.