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How delivery tech transformed the way we spend & live

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Although our smartphones were already transforming the way we shopped and consumed, the COVID-19 pandemic undoubtedly served as rocket fuel for the delivery industry. Whether you want dinner or a brand new car delivered to your home address, there’s an app for that.

OPERATION DELIVERY

Most of us depended on apps like DoorDash and Amazon Prime to have dinner and goods delivered to our homes pre-pandemic, but 2020 changed the way we think about spending for good. At a time when consumers were asked to stay at home and avoid socializing, food delivery became a treat during huge uncertainty. The global food delivery market has grown to $150 billion and counting, tripling since 2017. And according to McKinsey & Company, the market more than doubled during the pandemic as more Americans sought comfort in fast food experiences during the lockdowns.

Although the technology was already there for many industries, COVID-19 set the cause forward many years. In just a few weeks, giants like McDonald’s and Walmart had to adapt to cope with increased demand from shoppers, and as well as hiring hundreds of thousands of drivers and distribution staff, they had to bolster their infrastructure practically overnight. It’s little wonder why many startups are seeking millions of dollars in funding as the delivery sector continues to thrive with brands like Wolt securing $530 million in funding this January, and