business news in context, analysis with attitude

Restaurant Dive has a story about how “a new report from Allied Market Research shows that the global food delivery mobile app market is expected to grow at a compound annual growth rate of 27.9% — to $16.6 billion — by 2023, according to a news release. The market was valued at about $3.79 billion in 2017.”

The story says that “the main drivers of this growth include high internet penetration, higher standard of living in developing countries and an increase in mobile usage. Further, increased investments in digital marketing strategies are expected to provide more opportunities for delivery players … Off-premise channels currently account for just 3% of all restaurant orders at this time. As digital ordering grows and companies scale through third-party aggregates, that number should ramp up pretty quickly.”
KC's View:
I’m really interested in this segment of the business, and am curious about the various options that are open to retailers … so much so that I am thinking about attending the Food on Demand conference in Chicago and/or the Home Delivery World in Philadelphia, both of which take place in early April.

If members of the MNB community have any history with or thoughts about these events, I’d appreciate you dropping me a line. Your guidance always is valuable.