From ride-hailing apps to shopping services, the sharing and on-demand economy has grown in the U.S., yet a relatively small minority of the public is incorporating shared and on-demand services deeply into their day-to-day lives. Still, some Americans are “super users”: 7% have used six or more services (out of a total of 11), according to a Pew Research Center study.
Convey handles the logistics of moving large items from the store to homes and businesses. The company creates fulfillment software for retailers. Its customers include Jet.com, Build.com and Living Direct. Convey reports its software saves retailers approximately 11 to 22 percent, on average, on freight costs and increases on-time delivery.
According to a recent study by IndustryARC the global market for industrial internet of things is estimated to reach $123.89 billion by 2021. The manufacturing industry will be the highest revenue generating segment for IIoT market in the forecast period. However, healthcare or medical devices segment will have the highest growth rate through 2016 to 2021; this is estimated to grow at approximately 60% year on year.
“These markets are contestable, and they’re contestable city-by-city,” Arun Sundararajan, a professor at New York University’s Stern School of Business, told me a few weeks ago. “There are network effects that are local to a particular market, but these are not like Facebook’s network effects. They don’t give you a multiyear advantage.”
“We’re thrilled to be working with Lyft on the launch of their new Alexa skill. On-the-go Alexa customers can now ask Alexa to order a Lyft or even tip their driver,” said Rob Pulciani, Director Amazon Alexa.“All you have to do is say ‘Alexa, ask Lyft to call a ride,’ and you’re on your way. We’re excited to offer more convenience and ride options for Alexa customers.”
Monthly rides increased by 1.3 million month over month, leading the company to forecast 152 million completed rides for this year.Its annualized run rate, which is calculated by multiplying its current monthly gross revenue by 12, is now $1.9 billion.
Lyft had 2.8 million unique passengers in May.
While rides increased 11% from April to May, Lyft only saw a 5% increase in fully paid rides, meaning rides without a discount or credit used to entice new passengers.
Lyft is still on track to lose no more than $600 million this year, excluding legal settlements. That is in line with the $50 million monthly cap on spending it promised investors back in April.
The sharing economy is alive and well in Australia, with more than 2.8 million Aussies using applications such as Uber and Airbnb for travel and accommodation services.
Our latest Consumer & Media View data reveals that of the 3.8 million Australians that use taxi services, more than half (54%) now use ride sharing services such as Uber, GoGet, GoCatch, and others.
And, more than one quarter (28%) of Aussies who use taxis now prefer these ride sharing services almost exclusively.
When it comes to attributes that consumers say are influential to store selection, price-related attributes fall below several others that are geared toward assortment and convenience. High-quality produce (57%), convenient location (56%) and product availability (54%) are rated as highly influential in determining where to shop, while fewer say good value for money (52%), the lowest prices overall (48%), great sales or promotions (47%), and good sales or coupons in the weekly circular (37%) are highly influential. In fact, when global attributes are ranked, those related to price/value only made up three of the top 14 most frequently selected factors.