CORAL GABLES, FL / ACCESSWIRE / January 17, 2019 / Now more than ever, society is gravitating towards a culture of convenience as a result of the technological advances made over the last decade or so. Consumer behavior continues to shift towards a more convenient online shopping method, rather than taking the more traditional trip to the store. Globally, e-commerce which includes mobile e-commerce, is a rapidly growing industry that is not showing signs of slowing down any time soon. In 2017, more than 1.6 billion people purchased goods online globally, with sales hitting $2.3 trillion. Analysts forecast that online purchasing could increase to nearly $4.5 trillion by 2021.
This on-demand industry is a popular choice for new businesses and further growth should drive fresh technology as well as increased competition. With fewer people leaving their homes, several companies taking advantage of this on-demand trend include ParcelPal Technology Inc (PTNYF) (PKG), Blue Apron Holdings Inc (NYSE: APRN), Square Inc., (NYSE: SQ) and GrubHub Inc (NYSE: GRUB).
ParcelPal Technology Inc. (PTNYF) (PKG.CN) announced signing an integration deal with NexTech AR Solutions (NEXCF) (NTAR.CN). The deal entails that NexTech will create custom dashboards with its xAPI analytics for ParcelPal and their merchant eCommerce site which will generate the highest conversions, click through, dwell time and sales, providing a valuable roadmap for both companies. The xAPI will be used in conjunction with IBM Watson integration to enhance ongoing AI and AR product development.
President and CEO Kelly Abbott stated, "After spending significant time with NexTech team we realized that including an Augmented Reality of our eCommerce app and soon to be website will give both NexTech & ParcelPal a significant edge in the eCommerce space resulting in a differentiated offering that doesn't exit currently for out consumers."
Parcel Pal is a technology-driven logistics company that offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in several major cities throughout Canada. The company recently released a corporate update on last year's accomplishments and 2019 goals.
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Blue Apron Holdings Inc (APRN) stated earlier this week it "plans to reaffirm confidence in achieving profitability on an adjusted EBITDA basis both in the first quarter of 2019 and forfull year 2019 as it actively pursues the appropriate strategies to create value for its stakeholders." The meal-kit will release its fourth quarter and fiscal year 2018 financial results before the opening bell on Thursday, January 31st, followed by a conference call and live webcast at 8:30 a.m ET, hosted by CEO Brad Dickerson and CFO Tim Bensley.
At the end of December, Blue Apron announced a collaborative partnership with WW Inc. (WTW), formerly known as Weight Watchers International, which provided the company access to millions of consumers interested in healthy eating. The new partnership features a weekly rotating selection of recipes inspired by the WW Freestyle™ program that became available for home delivery through Blue Apron's digital platform December 26th.
For More Information On Blue Apron Holdings Inc., Click Here
GrubHub Inc. (GRUB) one of the nation's leading online and mobile food-ordering platforms, announced, closing its previously announced acquisition of Tapingo, a leading platform for campus food ordering. At the time of the announcement, it was disclosed that Tapingo's technology, currently used by over 150 colleges and universities nationwide, directly integrates mobile ordering into campus meal plans and point-of-sale systems. Tapingo propels tens of thousands of order-ahead pickup transactions daily serving over half a million active diners at on-campus cafes, restaurants, and cashier-less stores.
This news the closing of the acquisition of LevelUp, the leader in mobile diner engagement and payment solutions for national and regional restaurant brands.With LevelUp, Grubhub provides restaurants with the industry's most comprehensive solution for driving online delivery and pickup orders, powering the full ordering experience from demand generation to fulfillment. Additionally, LevelUp accelerates Grubhub's existing point-of-sale integration capabilities and provides restaurant partners with powerful CRM and analytical tools to drive increased sales.
For More Information On Grub Hub Inc., Click Here
Square Inc., (SQ) announced the launch of Square Card, a free business debit card to assist businesses to manage their cash flow by eliminating the time between making a sale and having the funds available. The card also offers sellers a 2.75% instant discount on purchases made at other Square sellers. Square offers Square for Restaurants, a cloud-based platform designed to streamline restaurant operations that integrates with Caviar, the company's mobile and delivery platform used by Square's restaurant associates available in several major cities across the U.S. The company reported revenue in the second quarter of 2018 more than doubled year over year.
Furthermore, Square acquired Zesty last year, a corporate catering service. In the press release, Caviar's lead at Square commented, "Restaurants turn to Caviar to reach more diners and grow their businesses. Expanding our corporate catering product with Zesty enables us to offer our restaurant partners another way to boost sales through higher-margin, large-format catering orders."
For More Information On Square Inc., Click Here
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