Right physical asset balance key to success of grocery delivery players
In addition to leveraging their transport fleet, some new rivals from food delivery sector are also building own inventory
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
COMPETITION in Singapore's online grocery delivery sector is intensifying, as more vie for a slice of the growing pie. Relatively newer players Grab, foodpanda and Deliveroo have invested substantially into the space in 2020, and look set to continue growing.
This adds to the broader hype around online grocery delivery in South-east Asia, where periodic lockdowns and movement restrictions have helped to fuel demand. This trend may now accelerate in Malaysia, which has imposed a Movement Control Order (MCO) in five states from Wednesday to Jan 26.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
