Realtors will tell you that kitchens and bathrooms sell homes. What happens if there is no kitchen? Investment bank UBS recently issued an investment note to customers titled, “The End of the Kitchen?” Not being a UBS-caliber customer, I’ve only been able to glean snippets from the private report from across the internet.
In a nutshell, UBS is taking note of the fast rise in food delivery services like Uber Eats, DoorDash, GrubHub, and yet to enter the US, Deliveroo and Foodora. The report postulates what happens to the food distribution and preparation market as food delivery grows in popularity. It’s all part of the larger trend of people outsourcing tedious tasks to those willing to do them for pennies. (more…)