Drinking from the Firehose #139: 🍕 Signed, sealed, delivered. 🍕
www.firehose.vc
Zach Goldstein of Thanx thinks restaurants are in a tight spot. Statistics suggest that third-party delivery (3PD) apps are contributing to top-line growth in restaurants. However, compared to dine-in orders, 3PD orders are lower margin, often negative. Even worse, 3PDs can cannibalize a restaurant's customers, many of whom may have eaten in the restaurant or ordered directly without the app. This begs the question: is much of the growth in 3PDs masking a transfer in value from the fragmented long tail of restaurants to the four dominant 3PD platforms?
Drinking from the Firehose #139: 🍕 Signed, sealed, delivered. 🍕
Drinking from the Firehose #139: 🍕 Signed…
Drinking from the Firehose #139: 🍕 Signed, sealed, delivered. 🍕
Zach Goldstein of Thanx thinks restaurants are in a tight spot. Statistics suggest that third-party delivery (3PD) apps are contributing to top-line growth in restaurants. However, compared to dine-in orders, 3PD orders are lower margin, often negative. Even worse, 3PDs can cannibalize a restaurant's customers, many of whom may have eaten in the restaurant or ordered directly without the app. This begs the question: is much of the growth in 3PDs masking a transfer in value from the fragmented long tail of restaurants to the four dominant 3PD platforms?