Throughout the Covid-19 lockdowns, delivery services have seen huge spikes in demand. Watching whether that changes during the next few months will give us a sense of how consumers are responding to staged reopening measures: are they going out or staying hunkered down at home? As the table below shows, grocery delivery has soared as people have avoided trips to supermarkets; the same is true in other categories. In the meantime, looking at who is providing delivery services can help us understand which businesses have managed to adjust their operations creatively during the pandemic. (Some more expensive sit-down restaurants, for example, have started offering delivery or take-out options for the first time.)
Why Even Leave the House?
As more businesses start opening up, looking at how many hours they're in operation each day will give further insight into consumer sentiment and business owners' demand expectations, especially in urban areas.
This article was provided by Bloomberg News.