If New Yorkers don’t need groceries in 15 minutes, chances are no one does. Tons of venture capital wasted on this project.
More consolidation in protein production: Cargill acquires Sanderson Farms. 4 firms control 55% of the market. Higher prices will ensue. Welcome to the Gilded Age.
RESTAURANTS AND FOODSERVICE
Door Dash and Uber Eats have seen a considerable slowdown as COVID fades. Delivery services have never figured out how to make money and now they have rising costs and falling demand. Prediction: DoorDash and Grub Hub merge. As for Uber, there is a reckoning coming that isn’t just about its food delivery business.
Latest in the infinite list of lists of best restaurants in the world. Geranium in Denmark listed as number 1. Number 4 is DixerXO which we’ll be writing about this week. I have only been to 4. How’s that for a humble brag?
Sure, it’s the NY Post but there may be some truth that restaurant offerings are being downsized like consumer brands.