South Korea food delivery giants rev up rider race amid coronavirus boom

Torri Donley

By Joori Roh and Sangmi Cha

SEOUL (Reuters) – In South Korea, some of the world’s biggest food delivery firms are scrambling to surf an estimated $4 billion wave of new orders, contracting thousands of new riders in a boom triggered by the scourge of the global economy – the coronavirus pandemic.

Koreans had already developed such an appetite for meal deliveries that the country ranked third in the world last year for food order services, according to consultancy Euromonitor. Now, tough social distancing rules and work-from-home policies to counter the pandemic have fuelled explosive growth.

South Korea’s food delivery market is expected to jump 40% this year to around $15.4 billion from $11 billion in 2019, Euromonitor data showed, topped only by China and the United States.

Surging coronavirus-era consumer demand has stoked orders, supported meal pricing and made the prospect of a career as a self-employed rider –

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Coronavirus Crisis: Pleasanton restaurant owners frustrated after Alameda County delays indoor dining

Torri Donley

ALAMEDA COUNTY, Calif. (KGO) — With their counterparts in neighboring Contra Costa County now allowed to offer limited inside dining, restaurant owners in Pleasanton are not too happy that Alameda County health officials won’t grant them the same privilege, despite meeting the state’s coronavirus threshold.

“Ten miles away, you can drive down the road and have a meal,” said Mike Connors, owner of Hap’s Original Steaks and Seafood. “I think we’ve gotten drug into what’s happening in Oakland, where their numbers are quite high for the coronavirus.”

RELATED: Coronavirus live updates: CA reports more than 3,800 new cases, 7-day positivity rate is at 2.5%

In deciding to delay inside dining for four to six weeks, even at 25% capacity, Alameda County health officials said, “Having different households together while they eat and drink for extended periods of time in an enclosed space eliminates the protections social distancing and wearing a

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Syracuse restaurant closes indefinitely after potential coronavirus exposure

Torri Donley

Syracuse. N.Y. — The Mission, a Mexican/Latin American restaurant in downtown Syracuse near Columbus Circle, has closed indefinitely after learning a worker may have been exposed to the coronavirus.

In a Facebook post, owner Steve Morrison said the employee “did NOT come into direct contact with any of our guests.” Morrison also indicated the Onondaga County Health Department advised that he was not obligated to close.

But Morrison decided to shut down anyway as a precaution.

“We have consulted with the Onondaga County Health Department and in accordance with their regulations, we are able to continue our operations at this time,” Morrison wrote in his post. “However, we feel that until the results from the test come back, we must take the proper precautions to avoid the potential for further exposure to our staff and of course you, our treasured guests, by closing until further notice.

“We will keep you

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McDonald’s, Chipotle and Domino’s Are Feasting During Coronavirus While Your Neighborhood Restaurant Fasts

Torri Donley

The coronavirus pandemic is splitting the restaurant industry in two. Big, well capitalized chains like

Chipotle Mexican Grill Inc.

and

Domino’s Pizza Inc.

are gaining customers and adding stores while tens of thousands of local eateries go bust.

Larger operators generally have the advantages of more capital, more leverage on lease terms, more physical space, more geographic flexibility and prior expertise with drive-throughs, carryout and delivery. A similarly uneven recovery is unfolding across the business world as big firms have tended to fare far better during the pandemic than small rivals, thinning the ranks of entrepreneurs who could eventually become major U.S. employers. In the retail world, bigger chains like

Walmart Inc.

and

Target Corp.

are posting strong sales while many small shops struggle to stay open.

The divide between large and small restaurants surfaced in the summer. Chipotle more than tripled its online business sales in the second quarter

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3 Changes Restaurant Companies Are Making After the Coronavirus

Torri Donley

The COVID-19 pandemic negatively affected the restaurant industry more than many other sectors, and for obvious reason. People haven’t been allowed in dining rooms for much of 2020, meaning most restaurant sales have come from to-go orders and delivery. That’s fine for businesses like Domino’s Pizza, which was already set up for that kind of operation, but for most others, it’s been a hard blow.

Restaurant companies refuse to be caught unprepared for catastrophe a second time, and they’re aggressively pursuing new operating models because of the coronavirus.

Multiple trays of food in takeout containers on a steel kitchen counter

Image source: Getty Images.

1. Ghost kitchens

A ghost kitchen is a setup designed to only allow to-go orders — there’s no dining room, no cash register, and no frills. Therefore, companies can set them up in locations unattractive for dine-in restaurant traffic but in close proximity to large populations. They can also be run with minimal labor costs.

Ghost kitchens

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3 Restaurant Stocks That Coronavirus Hit Hard

Torri Donley

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

The restaurant sector is probably the hardest-hit sector by the novel coronavirus pandemic. Hence, restaurant stocks have fallen by the wayside and continue to show little progress so far. A lot of them have suspended dividends in light of their tumbling earnings.

The Invesco Dynamic Food & Beverage ETF (NYSEARCA:PBJ) is down by roughly 9.6% this year, while the S&P 500 is up 8%.

Perhaps the companies most affected in the sector are those who are heavily dependent on dine-in customers. Such companies aren’t well-versed with the delivery game and have suffered the brunt of the crisis. Hence, restaurant owners have been aggressively pursuing pickup or delivery options such as Postmate and DoorDash. However, such a solution is temporary and cannot take restaurant businesses out of the current rut.

Let’s look at some of the top restaurant

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Low-income seniors lose food deliveries as coronavirus peaks

Torri Donley

Tens of thousands of low-income California seniors stopped receiving home deliveries of free food just as COVID-19 cases and deaths in the state were peaking, thanks to a century-old federal policy to include surplus cheese in government aid packages.

As the coronavirus began to spread in March and Gov. Gavin Newsom called on millions of seniors to self-isolate, these needy Californians initially were able to have a box of dried food delivered to their homes each month at no cost because federal regulators granted a state request to temporarily waive certain rules governing the Commodity Supplemental Food Program.

The three-month exemption allowed food banks to remove cheese — the only perishable item in the boxes — and then use private companies or volunteers to deliver the monthly aid to clients’ homes, rather than require vulnerable seniors to pick them up during the pandemic. Several aid groups relied on Amazon.com and

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Wyoming governor loosens restaurant coronavirus restrictions

Torri Donley

CHEYENNE, Wyo. (AP) — Wyoming Gov. Mark Gordon has loosened public health restrictions on restaurants, even though the coronavirus has been spreading more quickly in recent weeks.

As many as eight people will now be able to sit at a table in a restaurant, up from six previously. Still more people from the same family will be allowed to sit at the same table under the new orders taking effect Thursday.

Also, people seated at restaurant booths will no longer need to be at least 6 feet (2 meters) apart.

Data show that sit-down dining at restaurants doesn’t contribute much to spread of the coronavirus, Gordon said in a release.


Other restrictions, including limits on large gatherings of people, remain in place.

The changes, which will be in effect through Oct. 15, come as Wyoming sees the fastest growth of known cases of the coronavirus since the pandemic began in

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Salt Bae’s restaurant apologizes after coronavirus closure

Torri Donley

Updated

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Rx Catering Carries On With Top Quality Services Even With Coronavirus Restrictions – Press Release

Torri Donley

Rx Catering has implemented extra cleaning and sanitation efforts to allow customers to enjoy foods prepared by the catering service personnel without the risk of viruses or other contamination.

Rx Catering is pleased to announce that the company has instituted a number of protocols to help protect the staff and clients from the risk of COVID-19 contagion. Cleanliness has always ranked right up there with quality products and excellent seasonings. The choice of food from the company is extensive, and it is prepared and served in a way that makes gatherings of all types entertaining and memorable. In order to be considered safe, the business has added more procedures to clean and sanitize work areas.

Even with the more subdued pace of many businesses today, there are still occasions where a major event needs to be planned. Events can include everything from children’s birthday parties to major corporate events. In

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