They are after a whole new category of logistics and are increasingly billing their specialty not as food but as speed and convenience. Companies say that so-called next-hour commerce — which includes delivering everything from drugstore staples and alcohol to pet food on demand — is the prize that could sustain their growth and eventually help them turn a profit.
powers next-day delivery. We’re going to power next-hour commerce,” said Raj Beri, Uber Technologies Inc.’s global head of grocery and new verticals.
Food-delivery apps need to hang onto consumers they won during pandemic lockdowns. A wider range of items available on demand gives consumers more reasons to keep coming back to the apps and executives are betting they will stick around once they are accustomed to the convenience.
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