When the pandemic started, it was estimated that food delivery apps would make a killing off of people staying at home. And for the most part, this proved to be true. Food delivery apps like Uber Eats, for example, made around $19 billion in recent months. However, with more and more people getting the vaccine, it looks like food delivery apps are about to take a hit.
With the economy slowly opening up as the general population gets vaccinated, it looks like people will no longer be staying at home. After more than a year of being stuck inside, it makes sense that people will want to get out and about once they’ve received the vaccine. In other words, restaurants will be booming and the food delivery industry will take the short end of the stick.
Food apps like GrubHub and DoorDash were the highlight of many people’s lives in 2020 — most were not being able to go out to eat, whereas others easily became tired of preparing home-cooked meals for the whole family.
Still, as physical places are opening up and people are now going back to offices and schools, people may be more willing to cook at home. And when they want a restaurant meal, they will simply go to that restaurant.
Hence, businesses that thrived during the lockdowns will now be facing losses that could amount to billions of dollars. This includes food delivery apps and even cooked meal delivery brands.
