Restaurants are pivoting to takeout and delivery. Will it be enough to survive? [Los Angeles Times (CA)]
Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB)
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Source: Los Angeles Times
As fall out from the coronavirus pandemic began to hit the dining industry, delivery companies offered a rare concession to their restaurant partners. Delivery app Postmates Inc. said Tuesday it would waive commission fees for small businesses in San Francisco that sign up for a relief pilot program. On Friday, competitor Grubhub Inc. announced it would “suspend collecting up to $100 million in commissions from independent restaurants across the country.” UberEats announced Monday it would waive delivery fees for orders from independently owned restaurants using its service. It’s a change that will offer restaurants much-needed relief, as new rules barring dine-in service in Los Angeles and other major cities have forced food establishments to adapt. Delivery and takeout services that once offered additional revenue streams have become their sole means of survival. But waived fees by delivery apps may not be enough to ease the transition. For many restaurants, quickly shifting to a
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