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End of pandemic boom may push some food delivery firms into survival mode

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Benjamin Cher

Benjamin Cher

Published Tue, Feb 13, 2024 · 05:00 AM
    • This year will prove to be pivotal for food delivery players as macroeconomic headwinds and inflation continue to batter the region.
    • This year will prove to be pivotal for food delivery players as macroeconomic headwinds and inflation continue to batter the region. PHOTO: CHONG JUN LIANG, ST

    FOOD delivery has come off the heady growth experienced in the early days of the pandemic.

    Gross merchandise value (GMV) for South-east Asia jumped 183 per cent between 2019 and 2020, and climbed a further 30 per cent between 2020 and 2021.

    Since then, though, growth has been nothing to shout about.

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