Uber has laid out a strategy to dominate the transportation and logistics market ahead of its hotly anticipated stock market listing. But can it solve the problem of food that is delivered cold?
An Uber Eats delivery driver rides a motorcycle along a road in Bangkok.
Uber uses data gathered from Uber Eats, its food delivery service, to help predict food preparation time for its routes and provide food and restaurant recommendations for customers, the company has said. But the business has run into a litany of real-world issues — food not being ready on time for pickup, a lack of parking for drivers who run in to pick up orders, often resulting in parking tickets, and food that arrives to the customer late or cold.
Uber is “solving some of the most difficult problems at the intersection of the physical and digital worlds,” Khosrowshahi wrote. It also loses billions of dollars, and there’s no guarantee that it can achieve its goal of overhauling transportation with software. It lost $3 billion last year on its operations and $4.1 billion in 2017 and has indicated it could be unprofitable indefinitely. By comparison, Amazon lost $3 billion combined in its first eight years of operations and has been profitable in nearly every year since it first went into the black in 2003, including $10 billion in profits in 2018.
Uber’s data also helps it root out what it sees as inefficiencies in the world around it. It has lobbied in cities from Washington to its San Francisco hometown for devoted pickup and drop-off zones; in others it is partnering with them to augment the public transit system with its cars. The data gathered from Uber Eats is helping Uber predict food preparation time for its routes and provide food and restaurant recommendations for customers, the company said. And Uber has used customer ordering patterns to color menu selection, too, advising restaurants to start making, say, hamburgers in neighborhoods without any nearby burger joints.Eats prepared food delivery service faces fierce competitors at home and abroad, like venture capital-backed DoorDash and Rappi.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Uber Wants to Be the Uber of Everything—But Can It Make a Profit?E-bikes over cars. Parking lots replaced by parks. Drone delivery. This is Uber's vision for the future—with the company at the center. Now it just needs to make money.
Baca lebih lajut »
Breakingviews - Uber has recipes to avoid delivery indigestionOn Breakingviews – Uber has recipes to avoid delivery indigestion, say mak_robyn KarenKKwok
Baca lebih lajut »
Uber and Lyft drivers strike for better pay: Live updatesUber drivers are walking out to protest their low pay a few days ahead of its Wall Street debut. Uber is expected to raise as much as $10 billion.
Baca lebih lajut »
Uber to price IPO at midpoint of target range or below: SourceUber will price its IPO at the midpoint of its target range or below a source told CNBC.
Baca lebih lajut »
Masayoshi Son rides Uber from vision to valueThe SoftBank conglomerate he runs tripled quarterly operating profit to $4.5 bln on gains from the ride-hailing outfit and other startups. Son also doubled dividend payouts while obsessing over the stock price. It’s a stretch for a growth investor to try and have it both ways.
Baca lebih lajut »
Uber IPO: Why This Could Be A Mythical UnicornMore than 100 Unicorns are to rush onto the IPO scene this year, but their hasty arrival has shades of the 2000's dot-com hysteria, with firms like Uber Technologies, WeWork and Airbnb flirting with potential disaster as hype takes precedence over debt and a lack of foresight.
Baca lebih lajut »
Uber IPO: Should you buy stock Day 1 or wait?Buying low and selling high — that’s the name of the game for investors looking to capitalize on IPOs. Play our game to find out how well you can predict the market.
Baca lebih lajut »
Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO“In 54 years, I don’t think Berkshire has ever bought a new issue,” Warren Buffett said.
Baca lebih lajut »