business news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  From The Verge:

"Grocery app Gorillas, which promises to deliver goods in as quickly as 10 minutes, is laying off half of its office staff. In a press release, the company said it was letting go of roughly 300 employees from a “global office workforce” of 600. (This workforce also includes roughly 14,400 staff working in warehouse and as delivery drivers.)

"The company is also planning to tighten its focus on five markets that account for 90 percent of its revenue: the UK, US, Germany, France, and the Netherlands. The company also operates in four other European markets — Spain, Denmark, Italy, and Belgium — where it says it is “looking at all possible strategic options for the Gorillas brand.” That might mean pulling out of these markets, but Gorillas tells The Verge nothing has been decided yet.

"The news suggests trouble for the fast-growing 'instant' grocery sector."

Y'think?

Food delivery is a perfectly sensible business model.  But until they invest Star Trek-style transporters and food replicators, "instant" is a word that ought to be used with caution.