Jaewon Kang

speaker

95 appearances 3 recordings 1 series first heard Dec 2019 last heard Feb 2023

Jaewon Kang’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Grocers Are Racing to Fulfill Your Online Orders · 13 Dec 2019 podcast

Definitely not.

I think a lot of people are learning to expect their food to get delivered within an hour or two hours.

In other parts of the world, like Europe especially, next-day delivery has kind of become the norm.

But in the U.S., the move is definitely shifting towards same-day delivery.

Smaller players, whether they're regional or local, simply just don't have the capital that's needed to build out these businesses.

warehouses and fulfillment centers.

So what they're doing is partnering with third-party services providers like Instacart that can handle everything for them.

Absolutely.

So by having a warehouse inside their stores or nearby, that just kind of eliminates the

the need for them to send their own workers or, you know, pickers from third-party services companies like Instacart, and it should just, you know, give them more space in the stores.

You know, it's still early days, but what we've seen so far is some consumers, you know, prefer just going to the stores and

picking up their food themselves instead of waiting at home where they're given, you know, an hour slot for someone to come and drop their orders off.

So in some chains, you know, curbside pickup is growing at a much faster rate than home delivery, which is also beneficial since it tends to be less capital intensive.

Yes, exactly.

Thanks so much.

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