Tesco, Sainsbury and Ocado all at risk from on-demand grocery startups, warns Credit Suisse
Tesco’s has the highest exposure to the convenience format of the UK supermarkets, which is seen as being most at risk from the new startups Gorillas Grocery started in Berlin but is now in London and Amsterdam
With the pandemic driving growth in online grocery, a “new disruptive channel has emerged”, the Swiss investment bank, with on-demand or ‘i-grocery’ services characterized by delivery times of 10-15 minutes from a network of small fulfilment centres in densely populated cities.
The handful of
UK on-demand grocery startups include London-based Weezy, calling itself ‘the 15-minute supermarket’, and Dija, which was founded by former Deliveroo executives Alberto Menolascina and Yusuf Saban and is expanding from a few postcodes in London.