Food Delivery And The 'Sharing Economy'

Just last week, we wrote about how what has been widely termed the ‘sharing economy’ – the distinctly Millennial movement of ‘sharing’ rather than necessarily ‘owning’ seemingly anything and everything, and drawing upon technology in the hand to make this possible – has made itself felt in how we travel, with Uber and Airbnb the obvious market leaders.

- Benjamin Kerry & Gavin Lenaghan

TECHNOLOGY HAS PROFOUNDLY TRANSFORMED HOW WE DINE

What you might not have been so aware of, however, is how fundamentally our eating habits have also been impacted by similar dynamics.

It emerged late last month, for instance, that even OpenTable, the world’s biggest online restaurant reservation service, with a more than two-decade history, was looking to move into the food delivery market.

This might seem like a logical enough move, especially given the increasing significance of the latter to the overall food and drink industry. As reported by ABC News, the number of visits to restaurants in the U.S. barely altered over the May 2018 to May 2019 period, flat-lining at 23.8 billion, but there was a 3% rise in deliveries during that same time, to two billion.

However, it’s the specific way in which OpenTable is involving itself in the food delivery market that is especially interesting and revealing as to the likely future direction of our relationship with food and drink in general.

EVEN THE DELIVERY OF FOOD CAN BE A VERY AGILE PROCESS THESE DAYS

Not so long ago, the process of even a relative heavyweight like OpenTable branching out into the home delivery space might have been expected to incur very significant time and money investment – but with this latest move, the company isn’t even having to put together its own vehicle fleet and delivery staff. That’s because it’s instead partnered with three existing delivery companies – Caviar, GrubHub and Uber Eat – to fulfill this service through its app.