5 Major Delivery Woes for Quick Service Restaurants (QSRs)
As per Statista, the online food delivery sector is expected to generate a revenue of USD 151,526 Million in 2021. The revenue is expected to grow at an annual growth rate (CAGR 2021-2024) of 6.36%, resulting in a projected market volume of USD 182,327 Million by 2024. Platform-to-consumer is the largest market segment with an expected market volume of USD 79,608 Million in 2021. These figures clearly indicate that the online food delivery industry is growing at an unprecedented rate. The ongoing pandemic is the main factor behind the rapid growth of the industry and surge in the online food…
- Date: April 26, 2021
- Author: Sarika Puri
- Category: Logistic Post