Fare is an Alternative to Traditional Third-Party Food Delivery Apps
Laura McQuarrie — July 9, 2020 — Business
References: faretercow & prnewswire
Restaurants that don't do their own deliveries have had to rely on third-party food delivery services while they faced temporary closures yet many businesses have struggled to keep up with the high cost of working with traditional third-party delivery partners. Fare is launching in New York City as a groundbreaking alternative food delivery service that charges restaurants 0% commission. The platform was created by sister company CaterCow and it aims to break the "lose-lose-lose status quo where consumers pay high, and will pay even higher prices; restaurants are subjugated to predatory commissions; yet food delivery apps do not turn profits."
Fare sets itself apart by grouping orders within communities, neighborhoods and buildings, so that orders can be sent out in batches within a set time window.
Image Credit: Fare
Fare sets itself apart by grouping orders within communities, neighborhoods and buildings, so that orders can be sent out in batches within a set time window.
Image Credit: Fare
Trend Themes
1. Community-based Food Delivery - A service that groups orders within a community, neighborhood, or building to offer faster and more cost-effective food delivery.
2. Zero-commission Food Delivery - A shift towards food delivery services that do not charge restaurants commissions, allowing them to keep more of their revenue.
3. Ethical Food Delivery Platforms - An increased demand for food delivery services that prioritize fair and ethical practices for restaurants and consumers.
Industry Implications
1. Food Delivery Industry - The food delivery industry can benefit from exploring community-based methods and ethical practices to stay ahead of competitors and meet consumer demand.
2. Restaurant Industry - Restaurants can take advantage of zero-commission delivery platforms like Fare to increase profits and improve their relationship with consumers.
3. Technology Industry - The technology industry has the opportunity to create innovative food delivery platforms that prioritize ethical practices and community-based solutions to benefit both consumers and restaurants.
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