Frank Beard, a retail analyst and writer, recently explained why convenience stores are diving into the foodservice industry. The outlets are no longer investing in fuel pumps as the automobile industry goes electric. They are now gearing up to offer innovative meals and snacks. The two leading reasons are the shift of vehicles from fuel to electric energy and the rise of instant delivery platforms. The latter seems to be the go-to choice for consumers as the ultra-fast delivery to their doorsteps offers convenience and safety from the contagious pandemic. The industry now moves in three directions: Consolidators, Food-forward Retailers and Merchant-canopies.
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