Food Delivery Apps to remain under pressure
Communications
Woozle's restaurant partners report slowing delivery fundamentals in 1Q22 with order volumes down -10% and order values -15% vs. 4Q21. Deliveroo is expected to suffer faster than market declines and reduced take-rates in 1H22 due to increased competition, poor service levels, rider shortages, and a focus on adding new restaurants and channels over servicing existing customers. Although Takeaway.com is expected to relatively outperform peers, more than half of Woozle’s sources said they would be prioritising in-person dining over e-commerce offerings in FY22 to boost margins and streamline operations.
Edition: 129
- 18 February, 2022