Weekly Global News Wrap Ghost Kitchens Could Be Us 1t Market By 2030 Uber Acquires Postmates Starbucks Implements Mask Policy
July
10
2020
Weekly Global News Wrap Ghost Kitchens Could Be Us 1t Market By 2030 Uber Acquires Postmates Starbucks Implements Mask Policy

Here is a summary of the most interesting QSR news stories of the week from around the world.

Starbuckswill now require customers in the U.S. to wear masks at company-operated stores amidst rising coronavirus cases in parts of the country. The Wall Street Journal reports the move will cover about 8,900 locations. Read morehere.

Uber has officially acquiredPostmatesfor US$2.65 billion. In an interview with Uber CEO Dara Khosrowshahi, Fast Company suggested Postmates’ technology and people will very likely be used to deliver home products, aside from a widened food delivery reach. Read morehere.

Larger restaurant chains in the U.S. have largely recovered from the coronavirus pandemic, whilst the rest of the industry is taking longer to bounce back, according to a Bank of America study. As CNBC reports, spending at small chains and independent restaurants lagged large chains by about 20%. Read morehere.

Ghost kitchens, or facilities that produce food only for delivery with no dine-in or customer facing areas, could create a US$1 trillion global opportunity by 2030, according to a Euromonitor International. As reported by Restaurant Dive, the firm predicts cheaper, faster and more reliable delivery could help this segment capture 50% of drive-thru service (US$75 billion), 50% of takeaway foodservice (US$250 billion), and 35% of ready meals (US$40 billion). Read morehere.

Yum! Brandshas named Cameron Davies to the new role of chief data officer. As reported by Nation’s Restaurant News, he will be responsible for modernizing the foundation of Yum’s data capabilities, including reliable data storage and access, monitoring and reporting. Read morehere.