DoorDash has launched a new suite of digital business tools.
Speaker AAccording to chain storage.
Speaker AThe new products and features include the Doordash commerce platform, which consists of these five core solutions.
Speaker AFirst, a drive on demand solution that offers the ability to offer delivery through a business's own app or website.
Speaker ASecond, online ordering, which is a way to provide commission free digital sales and branding on a retailer's website or own branded app.
Speaker AThird, phone ordering, which is an AI based call and ordering system with menu recommendations.
Speaker AFourth, table side order and pay, which is the option for customers to scan a QR code with their phone for increased order efficiency.
Speaker AAnd fifth, customer support solutions in the form of a dedicated delivery support platform for customer inquiries.
Speaker AChris, we're going to go to you first here as both Instacart and DoorDash look to extend their reach into the technological solutions that power a larger range of grocers and restaurants operations beyond just delivery, whose approach do you like more?
Speaker BOh, wow.
Speaker BOkay.
Speaker BComing in hot for me, too.
Speaker BAnd I mean, hands down, hands down, it's Doordash.
Speaker BI would go Doordash.
Speaker AExplain yourself.
Speaker AExplain yourself.
Speaker BBig, big foot on the scale of DoorDash, because the rest, because for a few reasons, restaurant business is more fragmented and in need of solutions like this that work than, say, the grocery.
Speaker BThe grocery industry is fragmented, but it's not as fragmented as the restaurant business.
Speaker BAnd I was also add that the restaurant business is easier to run than a grocery store.
Speaker BAnd for all of you, detractors out there debate that.
Speaker BAnd you're like, what are you talking about?
Speaker BYou now know that running a restaurant is easier than running a grocery store, because restaurants are inside of grocery stores.
Speaker BSo it means what Instacart is trying to do is very, very difficult.
Speaker BYou know, it's hard to come up with the technological pieces that make everything work.
Speaker BAnd so if I said that another way, what's an easier thing for me to buy into you?
Speaker BThe fact that you can get consumers to scan a QR code on a table, or that you can get them to start using a smart shopping cart.
Speaker BI think we know the answer to that one.
Speaker BSo restaurants aren't going anywhere yet.
Speaker BYou know, like we discussed tangentially in the first two headlines, the grocers, they've got a tough road to hoe.
Speaker BAnd so, who know, you know, I think Instacart just got an uphill battle relative to what Doordash is trying to do here.
Speaker BThat's my take.
Speaker AOkay.
Speaker AI like it.
Speaker AI like it.
Speaker AUm, I agree with you, Joe.
Speaker CLike, definitely, definitely not going to pick a favorite.
Speaker CWe love both Doordash and Instacart.
Speaker CThey're both grocery shop next week.
Speaker CSo.
Speaker CSo I don't know that I like one or the other solution better, but, but I do think it's, it's really smart on Doordash's part to add to the suite of services that it offers to its retailer and restaurant clients.
Speaker CAnytime you get somebody buying two or three pieces of your modular solution, they're bound to be more sticky, more loyal to you than somebody who's just doing it for the ordering and delivery piece.
Speaker CI think maybe the most interesting single component here, the one that had me scratching my head a little bit, is the phone ordering.
Speaker CLike pick up and call and talk to a.
Speaker CTalk to a fake person about your order.
Speaker CBecause so much of what we talk about when we talk about technology is clearly geared at, like, younger customers as the early adopters, and that's got to be the opposite.
Speaker CLike, this is one of these rare technology things that if anybody uses it, it would be older shoppers who don't want to go on an app and like, tap and shop that way.
Speaker CSo interesting to see what kind of traction it gets.
Speaker CProbably more restaurants than grocery, but either way, it's nice to see a tech solution that isn't entirely visual and app based and, and geared for those younger shoppers.
Speaker AI mean, I think you're bringing up some really important points, both of you, but you just, you look at all of the efficiencies that this is going to provide.
Speaker AI mean, think as a restaurant owner, you now, like, you don't have to do anything.
Speaker AYou just, you have online ordering automatically in your app that's coming through.
Speaker AYou're cutting down on staffing because you don't have to have somebody, you know, on the phone lines answering questions.
Speaker AAnd especially, especially Doordash is so good at this.
Speaker AI don't know if either of you have ever encountered, have you ever had to contact, contact customer support at Doordash?
Speaker ALike if you had an order go wrong or anything like that?
Speaker BNo, no, not really.
Speaker BIt always goes pretty well for me, actually.
Speaker AWell, I have to say, like, I know I'm talking to a robot.
Speaker AThey have handled my, like, order issues so quickly and so efficiently, and it doesn't, like, I, in most cases, I would question the stuff that Joe's talking about.
Speaker ALike, is the person really going to have a fruitful conversation ordering their dinner with a, with AI generated order taker?
Speaker ABut Doordash has done such a phenomenal job on the customer service side of this that I think that they'll definitely be using those tactics to make sure that that process is as seamless as possible.
Speaker AThe.
Speaker AThe other thing, too, is, like, I think you look at the stickiness of the Doordash consumer.
Speaker AYou have doordash.
Speaker AAs of the end of last year, they have 37 million active users, compared to Instacart's 14 million active users at the end of last year.
Speaker AAnd so I think that for all these.
Speaker AThese restaurants or grocers who are looking for the go to to be part of the kind of go to app when it comes to food ordering and grocery ordering, like, they've got DoorDash already there.
Speaker AThey've set up this clientele who's used to the functionality of that application.
Speaker ABut, Chris, close us out here point.
Speaker BBecause when you go back to it, because the restaurant delivery, like we've talked about on the show, that's the niche, that's the strategic differentiation point here.
Speaker BBecause a lot of what Instacart's doing, too, like, when you look at, like, standing up, the standing up, the website browser for the small local grocers and whatnot, like, doordash can potentially do that as well.
Speaker BLike, that's the easy stuff to do.
Speaker BAnd then that just like a race to the bottom in terms of who can provide it at the lowest cost.
Speaker BAnd there's tons of other providers out there besides these two.
Speaker BBut when you get into the operations of a restaurant versus a grocery store, too, that's where I think, you know, there's just more growth from this strategy than I think it is, than there is in terms of Instacart, because it's gonna be harder for Instacart to get in there and do all this, but.
Speaker AAnd you can order from your table, from the QR code, which I'm just a huge fan of.
Speaker BI can't wait for that to come.
Speaker BOh, my God.
Speaker BThat is still my biggest frustration with restaurant shopping, waiting for the check.
Speaker BIt just makes.
Speaker AOh, my gosh.
Speaker AI know, I know.