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Start-up companies from Blue Apron to UberEATS are developing new business models and demonstrating consumers’ willingness to pay for convenience
January 31, 2017
New business models are giving consumers more options for how they can obtain and prepare their food. The success of these approaches has demonstrated that consumers will pay an average of 11% more for each added layer of convenience in the food chain, from online grocery delivery to ready-to-eat restaurant take-out, according to Lux Research.