Covid-19 update: Turmoil caused by coronavirus likely to hit gig economy - News Summed Up

Covid-19 update: Turmoil caused by coronavirus likely to hit gig economy


Online food delivery was pegged to grow 9.5% between 2020 and 2024, according to Statista, resulting in a market volume of $13.2 billion. However, the numbers may be revised as consumers remain cautious and refrain from ordering food online. Although they are allowed to operate only as delivery and take-away joints, yet orders for Zomato and Swiggy have been hit. “It’s difficult to put a number to it but food ordering business is down significantly. For online delivery firms, a major constraint has been the curbs imposed on movement of their workers and harassment from police.


Source: Hindustan Times March 29, 2020 20:15 UTC



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