Impact of COVID-19 on ride-hailing and food-delivery business

The coronavirus pandemic has halted our fast-moving world. There’s no movement on roads, water, or sky. People across the globe are sitting in their houses and following social distancing. At the same time the corona warriors like doctors, nurses, healthcare assistance, and police are doing their best to control this unprecedented situation. And things are not going to change unless we find a vaccine.

Apart from being a health disaster, coronavirus has also proved to be an economic disaster for the whole world. Businesses around the globe are losing a gigantic amount of money. However, the magnitude of impact has varied among various industries. And if we talk about the worst-hit industries, then the taxi industry would be on top.
Yes, Uber, Lyft, Grab, Didi Chuxing, and many other taxi giants that were making headlines a few months ago due to their continuous growth are now facing dire times. This uncalled hiatus is disastrous for the taxi industry all around the world. Let’s have a look at it in detail.

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Location: United States

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