Finimize - ⚔️ DoorDash and Instacart clash

Hi Reader, here's what you need to know for June 23rd in 3:06 minutes.

🏃‍♀️ The metaverse is so new that a bevy of growth is on the cards, and more than a few different companies that could profit. So join seasoned financial services exec Dr. Martha Boeckenfeld for Growth Opportunities In The Metaverse on June 23rd, and find out where the best bets are hiding. Grab your ticket

Today's big stories

DoorDash is expanding into the grocery delivery business
Our analyst has looked into when exactly the recession will hit – Read Now
Inflation continues to get out of hand in the UK

Special Delivery

What’s Going On Here?

US delivery giant DoorDash announced on Wednesday that it’s teaming up with Canada’s biggest grocery chain.

What Does This Mean?

The takeout business isn’t what it was during the pandemic, when the only glimmer of light in our imprisoned existences was a well-seasoned enchilada. Now, foodies – or at least foodies that can afford to in these belt-tightening times – are choosing to buy restaurant-quality food inside restaurants. That’s encouraged DoorDash to expand into the grocery delivery market, which it sees as ripe for major growth going forward. More specifically, the company’s aiming to develop a network of dedicated delivery warehouses, which will allow partners to fulfill more orders than they would if their drivers picked up the products from a store. And DoorDash has now found the first of those partners: it just signed an exclusive deal to build warehouses for Canadian grocery chain Loblaws that’ll see it handle 30-minute delivery for up to 8,000 products.

Why Should I Care?

Zooming in: The rivalry of the century.
The deal means DoorDash is now stepping on the toes of grocery delivery company Instacart, which used to be in an exclusive partnership with Loblaws. Expect this competition to continue: DoorDash is looking to make similar arrangements with grocery chains in other markets, while Instacart intends to make its own warehousing deals with some of the 750-odd retail partners it already has in North America. It’s not hard to see why: online US grocery sales are estimated to have topped $7 billion last month.

The bigger picture: DoorDash hits and hopes.
There’s a lot riding on this for DoorDash, given that investor confidence in high-growth tech businesses has collapsed. Just look at the company’s stock price, which has fallen nearly 60% this year alone. Still, if it’s able to successfully transition to a more platform-oriented business that offers logistics and warehousing, it could turn its fortunes around.

You might also like: Is DoorDash worth the money?

Copy to share story: https://www.finimize.com/wp/news/special-delivery-5/

🙋 Ask a question

Analyst Take

When Will The Recession Hit?

Stéphane Renevier, Analyst

Most people agree that a recession is nearly unavoidable now, but what they can’t agree on is when exactly it’ll arrive.

But the HOPE cycle can give us some insight: the measure looks at the impact of interest rates on the economy – notably on housing, orders profits, and employment.

And by identifying which aspect of the economy is being impacted at which time, it can give us a unique insight into when the recession might land.

So that’s today’s Insight: how the HOPE cycle works, and when the global recession might hit.

Read or listen to the Insight here

Why is Bill Gates investing in so much farmland?

Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland.

So what do they know that you don’t? Well, for starters, farmland is a stable asset that has rewarded investors with strong returns over the past few decades.

It’s a solid inflation hedge too: farmland’s returns have consistently outpaced the rate of inflation since 1992, and they’ve even been high enough to rival gold.

Investing in farmland can even help the planet: you’ll be driving money to farmers, and agriculture toward sustainability, ensuring a healthy planet and long-term food security.

You don’t have to be Bill Gates to get started: add farmland to your portfolio with FarmTogether.

Find Out More

Disclaimer: This communication is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors and risks in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed here. All forward–looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this communication, and are expressly qualified in their entirety by the cautionary statements included herein.

Any projections are preliminary and subject to change; the Company undertakes no obligation to update or revise these forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect.

The information contained in this document is confidential, privileged and only for the information of the intended recipient and may not be used, published or redistributed without the prior written consent of the Company.