Hi guys, Welcome to the Advanced Video Search Engine, and you are watching The Rise Of Instacart And Online Grocery Delivery. That video is uploaded by CNBC at 2020-05-13T09:00:19-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [WRc3USp1RAQ]
| Name | The Rise Of Instacart And Online Grocery Delivery |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 13-05-2020 16:00:19 |
| Video Discription | Online grocery delivery is seeing exceptional growth amid the coronavirus. Over the last few weeks, Instacart has seen customer order volume increase more than 500% year-over-year. But after the coronavirus, will demand for these online services stick? Thousands of small businesses have closed due to the coronavirus outbreak in the United States. But one sector that's seen exceptional growth is online grocery delivery. A recent survey by RBC Capital Markets in March found that 55% of respondents had purchased groceries online, up from just 36% in 2018 and 15% in 2015 . Online grocery delivery service Instacart told CNBC that demand over the last few weeks has been the highest in the company's history and that customer order volume is up more than 500% year-over-year. Once a luxury, the coronavirus pandemic has transformed grocery delivery services like Instacart and Amazon Fresh into essential seemingly overnight. But whether or not grocery delivery will become mainstream in the long run will depend on how ther perform now. "This has been a major potential customer acquisition opportunity for the Instacarts of the world, the Amazon Freshes of the world. All consumers are turning towards them to try them out," says Mark Mahaney, managing director at RBC. "They'll have some patience for a service that isn't a hundred percent. I think people will be somewhat realistic about that. But if in a month or two, if Instacart and Amazon Fresh aren't able to get their act together, you're going to have a lot of people who'll have tried to service, found it wanting and will go right back to the grocery stores." Check out the video above for more on the growth of online grocery delivery and how the sector may fair after the virus recedes. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC The Rise Of Grocery Delivery WRc3USp1RAQ |
| Category | News & Politics |
| Tags | CNBC | business | news | finance stock | stock market | news channel | news station | breaking news | us news | world news | cable | cable news | finance news | money | money tips | financial news | Stock market news | stocks | Covid-19 vaccine | covid-19 test | Coronavirus economic stimulus bill | coronavirus outbreak pandemic | coronavirus lockdown | coronavirus stock picks | coronavirus vaccine | coronavirus business | coronavirus flights | economic reopening | Instacart | grocery delivery |
