Looking at national rideshare trends, the gradual recovery of the industry is obvious. Both leading merchants have now regained about 25% of the ground they lost since their high points earlier in March. This slow but steady increase began mid-April and has continued since then, although spending from late June to early July showed a bit of a drop.
Back in March, as people moved indoors to comply with shelter in place policies, the search for ways to stay entertained at home skyrocketed. As previous Edison Trends research on pandemic sales shows, wine subscriptions, console video games, and online marijuana sales shot up, while rideshare usage dropped. Gaming consumers have an array of choices to stay occupied at home as they head into summer, whether rain or shine in the world outside.
The popularity of plant-based meat has quietly established itself as a mainstay across the restaurant and grocery industry—in fact, the plant-based meat industry is projected to reach $85 billion by 2030. Increased adoption of veganism stemming from environmental and health concerns is expected to further escalate the demand for plant-based products. And in the wake of the COVID-19 pandemic, consumers may also be hungry for more sustainable meat options for fears over any potential meat supply chain issues amidst Covid-19.
McDonald’s leads competition in online spend on breakfast items via third party delivery services, with 166% more customer spending than Dunkin’ Donuts. Between the week of March 16 and April 13, national online spending on Quick Service Restaurant (QSR) breakfast items ordered via third party services like DoorDash, Uber Eats, and Grubhub grew 99%.
As the COVID-19 pandemic began picking up steam everywhere in March, many businesses around the nation ordered their workforces to work from home, causing a dramatic shift in how large numbers of us work. Many companies announced remote work plans that encompassed the entire year of 2020, and some, including Twitter and Square, even declared permanent work from home policies.
Based on Transactions in April, DoorDash takes #1 Spot with 45%, Ahead of Uber Eats (28%) and GrubHub (17%)
