The news: Gopuff launched Powered by Gopuff, a suite of services that enables brands to use the delivery firm’s logistics network, fulfillment infrastructure, and technology to offer delivery from their own apps or websites.
Why it matters: The rapid delivery model doesn’t look as appealing now compared with early in the pandemic, as consumers have returned to stores and rising costs have led people to think twice before paying for the convenience of delivery. That’s driven Gopuff and other delivery players to look for new revenue streams.
The big takeaway: It makes sense for a company like Gopuff to diversify its offerings. Still, the long-term viability of the company’s model remains a question.
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