Yahoo Finance has a story about how Uber CEO Dara Khosrowshahi recently said that the company’s food delivery business,Uber Eats, “hit $6 billion in bookings earlier this year, growing over 200%, quickly becoming a crown jewel for the ride-sharing company.”
That means, he said, that “the next logical step is to enter the grocery space.”
“‘With Eats, we’re getting into the business of moving food around. I think that this product of delivering great quality food to you at home in 30 minutes or less is magical and is going to move into grocery in a way that’s fundamental and a lot more people are going to be eating at home…you can absolutely see grocery as being an adjacency,’ he said at Vanity Fair’s New Establishment Summit 2018.”
That means, he said, that “the next logical step is to enter the grocery space.”
“‘With Eats, we’re getting into the business of moving food around. I think that this product of delivering great quality food to you at home in 30 minutes or less is magical and is going to move into grocery in a way that’s fundamental and a lot more people are going to be eating at home…you can absolutely see grocery as being an adjacency,’ he said at Vanity Fair’s New Establishment Summit 2018.”
- KC's View:
- I’ll be interested to see if Uber has something more ambitious in mind than just being part of the Instacart-Postmates-GrubHub universe. To me, Uber could leapfrog these competitors if it can come up with a strategy in which it supports retail brands and builds their connection to shoppers, as opposed to virtually disintermediating them. Playing the short game it has been playing is fine, but I also believe that it needs to have some sort of vision for a strategic long game.
