We’ve all had one of those nights where we end up in sweatpants on our living room couches, waiting for that 2am pizza order that we’ll surely regret the next day, but in the moment it feels like the greatest decision ever made. This phenomenon has slowly made its way into society as a cultural norm on a global scale, creating a planet full of individuals who depend on baked bread covered in tomato sauce and cheese for sustenance.
Over in China, ordering food through smartphone apps has become increasingly more popular over the last few years with companies like Ele.me and Meituan rising to the top as the country’s most-used food delivery apps. However, according to a recent TechCrunch report, food delivery in China could become more expensive as food delivery companies are starting to take a bigger cut of each order — more than 20% in some cases — resulting in a higher cost for consumers.
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According to estimates from research firm iiMedia, the food delivery app market was on track to hit $240 billion yuan in China last year, with a consistent 18% year-over-year growth rate in the years following, but these numbers may change if consumers can no longer afford their deliveries.
From a more worldly perspective, the global food delivery mobile app market is projected to reach $16.61 billion by 2023, indicating a visceral shift in how consumers choose to operate on a daily basis. Over the last few years, people have made it clear that they not only have no time to take care of life’s many tasks, but they insist tech companies come up with innovative solutions to alleviate said stressors.
Whereas in China, the food delivery app market may dramatically shift in the future, in Canada, companies are taking a more effective approach to keeping prices low. ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF), is a delivery tech company determined to help consumers get the products they need in a timely fashion so that they can dedicate time to the other facets of their lives.
In recognition of the growing challenges facing society, ParcelPal created an easy-to-use on-demand marketplace where customers can quickly order anything from food to cannabis, and have their order delivered within the hour. There’s no escaping the fact that the world is constantly trying to pull us in a million different directions, but if we can keep our bearings with the help of innovative tech companies like ParcelPal, we will manage.
Towards the end of January, ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF) announced that it had formed a partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. MADD Canada has endorsed ParcelPal as their official delivery service in Canada. As part of the ParcelPal’s national rollout campaign, advertising for ParcelPal’s service will be seen across the country in various educational forms. Together, MADD Canada and ParcelPal will launch a national awareness campaign focused on educating Canadians on the dangers of impaired driving and the options they have for getting items they want or need without leaving the party.
Following in ParcelPal Technology Inc (PKG) (PT0.F) (PTNYF)‘s footsteps, other food delivery startups have sprouted up recently, trying to take part in improving the lives of consumers through food delivery. One company, SF-based Ritual, has taken an interesting approach to the traditional courier model for food delivery. Rather than hire out an armada of delivery people, the Company tapped into its own user base for deliveries. Imagine you are headed to a coffee shop to grab a latte. You use the Ritual app to notify co-workers that you’re going and they can input their orders and pay through the app, and all you do is pick up a few extra drinks.
Midam Ventures has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1,
