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With the advancement of technology, the on-demand economy will continue to evolve and sustain itself strongly in the market.
Entrepreneurs who want to play a big role in providing on-demand services to customers have to concentrate more on convenience, monetization, and marketing to achieve their goals successfully.
The advances that technology has made have been incredibly beneficial to our productivity and efficiency.
But, as a result, we want and expect to have everything within the reach of our fingertips, no matter what the service or product might be.This, along with the increased usage of personal electronic devices, has contributed to the massive growth of delivery businesses all over the world.SOURCE: OFCOM.ORGOne of the fastest-growing areas for delivery services has been in the food industry.
We can’t live without food and, thanks to our recently developed need for instant gratification, food delivery services have skyrocketed in popularity over the last couple of decades.
Even more interesting is the way in which this market constantly evolves, spreading itself all over the world and competing globally for customers.Before the smartphone boom, people would have to call a business to order food.
Now, thanks to advances in mobile technology and the widespread development of on-demand delivery apps, people can quickly and easily place orders online and have their food delivered wherever and whenever they wish.Greg Creed, CEO of Yum Brands (Taco Bell, KFC, Pizza Hut, and WingStreet), had this to say about how delivery services have impacted their growth strategy:“We’ve got to find ways to make it easier for customers to get to our brands.
We do that two ways: We build more units, but we also look at delivery as a way to get our food to customers in their homes.