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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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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