The COVID-19 pandemic has changed the entire economical dynamics throughout the world. Fear of catching the deadly virus, strict social distancing norms, and sudden lockdowns have broken the back of several small and medium-sized businesses. Even multinational companies haven’t been spared from its wrath.
As most of the businesses struggled with the COVID-19 pandemic there were a few businesses that benefitted from it too. Food delivery businesses were one such big exception which witnessed a boom during the pandemic.
The below graphic shows how the top four U.S. food-delivery apps saw a humungous rise of $3 billion collectively in the second and third quarters when the COVID-19 pandemic caused heavy restrictions and lockdowns in the entire country.READ MORE : A complete guide on how to beat the competition in the on-demand food delivery business