The convenience delivery space is growing and in this Episode of The Rideshare Guy Podcast, we will discuss just that! Companies like Instacart, Doordash, Cornershop, Shipt and Amazon offer integrated and offer ultra-fast delivery – but who’s in the best position to dominate? Today Harry Campbell chats with Matt Newberg, the founder of HNGRY, to talk about the grocery and convenience delivery spaces. We’ll talk about the traditional grocery players, convenience companies, and who could come out ahead.
Website: http://hngry.tv/
Matt's twitter: https://twitter.com/thenewb
Hngry on Instagram: https://www.instagram.com/hngrytv/
Hungry on you tube: https://www.youtube.com/hngrytv
Intro to Matt Newberg
Founder of HNGRY
Analyzes trends related to food delivery, technology and more
Been on RSG several times about cloud kitchens, pandemic growth, etc.
Major Players in the Grocery Delivery Space
Mass retailers (Walmart)
Amazon
Instacart
Best position right now? Amazon!
Convenience Delivery
1-2 hour delivery – or even 30 minutes!
Vertically integrated – helps get companies to profitability
Not necessarily impressed by some of the newer companies!
Can be a tough and competitive space
Convenience vs Delivery
Convenience historically has been planned – not a stock up, but a run out to grab X
GoPuff, DoorDash, newer services
Space is hot right now
Need to expand to succeed though, like grocery delivery – remaining in big cities won’t be sufficient
Full Integration Model – Can it Be Profitable?
GoPuff already profitable
Basket sizes significantly higher!
Success will depend on building an emotional connection with the customer, not so much speed
Selection will be important, also entering smaller markets (not NYC!)
Future for Convenience Delivery
GoPuff trending toward success
Focus on high AOVs
Brick and mortar may help foster that emotional connection
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Checkout The Maximum Delivery Profits Course: http://therideshareguy.com/go/maxdp/yt
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Website: https://therideshareguy.com/
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Twitter: https://twitter.com/TheRideshareGuy
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About The RideShare Guy:
I'm Harry, the founder of The Rideshare Guy. I started driving for Uber and Lyft in 2015 and eventually quit my day job as an aerospace engineer to run The Rideshare Guy full time.
These days, I'm a trusted media expert on all things rideshare and have a number of contributors across the country who are all driving for Uber and Lyft and other gig companies like Instacart, Doordash, and Postmates.
The RideShare Guy has appeared in The New York Times, The Wall Street Journal, CNN, CNBC, NPR, 60 Minutes on CBS TV, The Washington Post, Wired, Forbes, SFGate, and hundreds more.
Join 86,000 drivers on our free email newsletter: https://therideshareguy.com/email-sign-up
The RideShare Guy has interviewed top gig economy leaders and reporters such as
• Uber CEO Dara Khosrowshahi - https://www.youtube.com/watch?v=rSiNJCwbcEk
• Lyft COO Jon McNeill - https://therideshareguy.com/rsg093-why-lyft-coo-jon-mcneill-is-all-about-the-drivers/
• GetUpside COO Wayne Lin - https://youtu.be/RAofeBFG78g
• Executive Director Automotive Research Stanford, Dr. Stephen Zoepf, PhD MIT
• Senior Tech Policy Reporter at Ars Technica Tim Lee
Harry also consults for both established corporations and start-ups. - https://therideshareguy.com/consulting/
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#Hngrytv
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