Grocery delivery firm Buyk is planning to cease operations in Chicago and New York City after filing for Chapter 11 bankruptcy. Plus, Deliveroo continues to build out its ghost kitchen network, and FedEx discusses its future during its Q3 earnings call.
Data
$20: Average per-order loss by quick commerce firms
300+: Number of Deliveroo ghost kitchens opened through 2021
40B: Number of packages FedEx expects to deliver every year
153+: Number of countries where FedEx Ship Manager operates
39: Number of locations Buyk operated before Chapter 11 bankruptcy filing
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