International Retailers Like Uber for convenient existing service
In Australia, CEO of Woolworths (no, not our one) Brad Banducci has thrown his weight behind calls to increase wages in line with inflation, fast becoming the defining feature of this late-COVID economic ambit. “We’re very clear that while we need to deliver value for our customers, we also need to make sure that our team can have salaries and wages that keep pace with the underlying increase in the cost of living,” says Mr B. In the US, Amazon has opened its first suburban convenience store, a larger-than-usual 6,150 square foot outlet offering over 1,300 popular or essential lines, in Mill Creek, Washington, outside Seattle, where Kurt Cobain has had a busy post-mortem career turning in his grave. Finally, in the UK, Tesco has teamed up with like-Uber-but-for-eats Uber Eats to offer grocery deliveries from 20 stores across the UK, in locations selected entirely for their evocative names, like Edinburgh, Bradford, Portsmouth, Norwich, St Albans and Letchworth.
Comment: Food inflation – caused by a perfect storm of factors from COVID-related inefficiencies, to the Chinese lockdown, to Russia’s invasion of Ukraine – is a worrying and destabilising trend globally, which governments and businesses alike will need to address.