Today in foodservice and grocery technology
In today’s restaurant and grocery tech news, Walmart and Buzzfeed are expanding their shoppable content partnership, while Discover is taking action to capture young consumer demand for digital orders. In addition, airport restaurants are starting to make a comeback.
55% of consumers who buy groceries online use mobile devices
The Omni Grocery: What Consumers Expect from their Grocery Shopping Experiences report, a collaboration between ACI Worldwide and PYMNTS that surveyed more than 2,300 consumers, found that the move to work from home has brought greater convenience to ordering products. , dairy products and all kinds of other consumables to be delivered to the front door.
Walmart Expands Commercial Content Empire With Expansion Of Buzzfeed Partnership
Among online grocers, Walmart is winning the contextual commerce race, heralding movement after movement to transform the online shopping experience from work to leisure. On Tuesday, September 28, Buzzfeed announced that it was expanding its Tasty brand’s partnership with the retailer, which first launched in 2019, with new add-to-bag capabilities and ad sales opportunities.
Airport Eateries owner sees revenues increase to 53% of pre-pandemic levels
The SSP Group, which operates catering sites at airports and train stations in 35 countries, announced on Wednesday (September 29th) that its revenues last week were around 53% of 2019 levels, according to an announcement by pre- closing in the company’s market. website. Third quarter revenue increased to 27% from 2019 levels, translating to 37% revenue in the second half, with projections of nearly 50% in the fourth quarter.
Discover Partners With Campus Dining Solution Phood As Businesses Compete For Growing Gen Z Digital Food Spending
Growing up in the digital age, today’s students expect more flexibility and convenience from their dining options than previous generations. Seizing this demand, banking and payments company Discover announced on Wednesday (September 29) that it is partnering with student meal plan solution Phood to create a prepaid card that will allow students to shop from off-campus vendors the same way they shop. from sellers on site.
Delivery cost caps benefit large restaurant chains while leaving independents struggling
The demand for food delivery may be higher than ever, but the economics of the model remain impractical for restaurants and delivery services. Zhuoxin (Allen) Li, Ph.D., assistant professor of information systems at Boston College studying the legal and economic factors influencing on-demand delivery platforms, talks to PYMNTS about the best and worst pricing scenarios of delivery.