The fun of building the Lego version comes second only to that of building the real thing 🧱🚚❤️ @picnic

So much genuine goodness in this short “What would Sophia Loren do?”

Flipkart is winning handily against Amazon in India. Focus on smaller cities & value seeking mass-market vs urban premium shoppers has paid off. Prime is not enough to keep fashion & grocery shopping away from dedicated vertical players Myntra & BigBasket

Thank you @mas_superfelix & @aadkuijper for all the love and care you put into bringing the Picnic we carry in our hearts come to life on the big screen in the most magical way we could have possibly imagined ❤️

Interesting online grocery credit card data shows start of mass market adoption: low & middle income customer groups growing fastest, accounting for close to 70% of sales (@Instacart 5yr avg monthly spend $81, @HelloFresh @$20) (source @earnestinsights)

On the job when you get into your fifties and Bob Noyce

“if you want to preserve something, what you want to do is have a good enough place to go, that’s got a long enough focal length that it will survive over time, that everybody agrees on—and not codify how you’re going to get there”

“Think of your life as a rainbow across the horizon of this world. You appear, have a chance to blaze in the sky, then you disappear”

Restaurant vs grocery spend gap widest it has ever been, in part as wage inflation is outpacing food inflation

Interesting messaging from Amazon on grocery. Pretty blunt that they are still searching for the right format but that they are committed to keep trying, as the size of the prize is the biggest there is left to win in retail.

Wegman’s saw this first, now Whole Foods is adding kitchens to all stores in a massive expansion of its prepared meals offering. An increasingly more accessible alternative to food delivery. US grocery store prepared meals sales YTD are up 30% vs 2019.

One of the most beautiful ways in which we are reinventing the world of groceries @picnic: dreaming up magical products, made for the kitchen table rather than the store shelf, crafted one by one with love & care together with our partners @bigfishlondon

As drop density decreases, consolidation of two-sided marketplaces like on demand networks, where liquidity is at the highest premium, accelerates to the equilibrium point, a duopoly in the best case scenario.

The Real Competition is the Water | RKG

Fantastic interview remembering @claychristensen on the simple power of asking better questions Amazing how his work and more so his generous way of being continues to inspire and live on through the work of so many

The end of subsidies, lower discretionary spend took 9% out of Just Eat’s active customer base and orders in 2022 Most large players are trading at 1x revenue multiples given low growth expectations Good piece in this week’s Lex Populi in the FT

“Rule #1: Nobody cares about advertising. In our world, ideas and advertising are everything. For the consumer, not so much. Actually, not at all. Remembering this stops the insanity and keeps you looking at what matters” (h/t @D_Stapleton)

Uber & Door Dash are bucking this trend by heavily incentivizing subscriptions, essentially shifting an acquisition expense to a retention subsidy expense 40% of Uber’s deliveries come from Uber One subscribers paying $9.99 per month for free delivery

Domino's Pizza sounds warning on delivery price fatigue. Same-store delivery sales fell 6.6% year-on-year as customers turned to carryout, sit-down meals and home cooking. Carry-out now accounts for 50% of Domino’s orders. Canary in the coal-mine?

Insightful piece of mercantile history comparing the Dutch vs English financial systems in the 17th century (from the wonderfully researched newsletter of invention historian ⁦@antonhowes⁩)

Decades after first reading it, I am yet to read anything (and certainly not a graduation speech) more eloquent than David Foster Wallace’s fish parable. (ht @farnamstreet for sharing the full text and audio)