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This evening, I learned of the sudden closure of Chef’d, some run-of-the-mill boxed, meal-kit company via LinkedIn. Always on the look out for such interesting news, I checked it out. It looks like a couple of the companies are doing well, such as HelloFresh and Blue Apron. It appears they use a subscription model, and Chef’d did not.
And relatively cute-sounding start-ups like Sprig and Din apparently went out of business as well.
Of course, there is a lot of competition in this industry and n=3, a trend, may not make.
However, closer to the burst of a bubble, I assume we will such vaporization across multiple industries, first and foremost of the me-too, also-ran variety. So, the meal-kit industry appears to be going through an individual upheaval, truly sorrowful for the employees who work(ed) in it. However, the true signs would appear to be upheavals across the board, especially in industries that ought not to be facing ones, when an economy is perceived as being in good health. Like, retail’s problems may not indicate anything to us. But, a few other staple industries, not being disrupted by some unusual unicorns, might.
If I start seeing this, I will report back here. Do you think you have noticed this problem in the past few months?
References:
- Business Insider on Chef’d: http://www.businessinsider.com/chefd-shuts-down-2018-7
- Image, Courtesy Pexels: https://www.pexels.com/photo/food-salad-restaurant-person-5317/
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