- Many food delivery companies have been incentivized to up their game to keep up with the growing competition as a result of the sudden surge in demand for food delivery services since April 2020.

2. Change in lifestyles and preferences resulting in an increase in food delivery services [Jasper & Anthea]
Support from key sources:
- Due to Covid-19, many were unable to dine out in big groups hence, people started to dine out lesser and rely more on food delivery apps.
- Due to the risks of the pandemic, many limited going out as much as before and thus ended up ordering more meals in.
- Someone said that he went from being someone who ordered takeout several times a year to the person whose workdays are now marked by the arrival of the food delivery guy at midday. It was so convenient that it soon grew on him and before he knew it, he was a regular on the food delivery app with his favorite list of food outlets memorized.
- A survey conducted by the National University of Singapore found that there was a 73% increase in delivered meals during the circuit breaker alone.

To find out more for report writing:
- Other reasons aside from Covid-19 resulting in an increase in food delivery services

3. Market Structure of the Food Delivery Industry: Oligopolistic Competition
Support from key sources:
- Less competition: 3 main delivery providers in Singapore
- Product Uniformity is considered as similar since most food delivery companies offer similar food products

To find out more for report writing:
- How many food delivery platforms are there in Singapore altogether
- Which platform is the leading platform and what makes it the leading platform

4. Price Elasticity of Demand for food delivery services [Amber & Agnes]
Support from key sources:
- Major food delivery firms have seen an increase in orders, with one reporting an almost 50% jump.
- E.g: A frequent GrabFood user said that the delivery charge of his usual order increased from $3.50 to $5.70.
- Demand for food delivery services is price-inelastic. This is because, despite the increase in charges for food delivery, there was still a spike in food delivery orders. There was a greater percentage increase in quantity demanded as compared to the percentage increase in price, this suggests that consumers are not really sensitive to the increase in price. Thus, it is price-inelastic.

Thanks for sharing your prelim analysis with me. 

You’ll find below, feedback from me for your first stage work. Please note that the grow areas are specific to what I read on your padlet wall. It doesn’t mean these are all you need to do, to deepen your analysis for stage 3 presentation. I’m sure you’ll find more concepts or new info to deepen your analysis along the way. So feel free to expand your analysis. It also doesn’t mean that you have to address all that I’ve mentioned below. 

As a team, discuss and come to a consensus. 

Just to be clear, there is no need to amend your prelim analysis on padlet. My feedback are meant for you to consider when you work on deepening your analysis in stage 3 (Presentation and the slides)

Glow areas: 
1. Key sources are largely authoritative sources except for the “SmallCapAsia” but small issue if Team is intending to use the survey about users of the 3 key platform or their market shares, I believe you could find similar elsewhere to replace it. I had a quick check of the additional reference, the one from slideshare is also less recognised. No worries if these are just background reading that Team won’t cite for presentation in Stage 3. I’m sure you could find more articles online to deepen your analysis subsequently.  

2. Key sources contained relevant information about the chosen industry to some extent but less in-depth. The one from CNA isn’t a news article but a commentary representing the writer’s opinion. Sometimes such articles might not have much focus on objective information for use.  

Grow areas: 
There were supply related information from the articles but seemed like these “gems” have not been dug out yet.  

1. What could be the appropriate demand determinant that you have described? This would help you apply economic concepts to real world observation.  

2. Agree to find out more to support the change in taste and preference since the support now comes mainly from the commentary of one person.  

3. Correct identification of the market structure though brief support included. Please have a look at Oligopoly portion in the new lecture topic and include the key characteristic of such market structure in your analysis. 

4. What could be the price elasticity of demand determinant that could explain what you have described?   

Just to be clear, there is no need to amend your prelim analysis on padlet. My feedback are meant for you to consider when you work on deepening your analysis in stage 3 (Presentation and the slides)

Glows:
I like the specific industry prelim analysis mentioned in your content and hope to see more of these in your presentation. References are relevant and recognised, feel free to read ministry report etc as you deepen your analysis. 

Grow areas:
This part is about the big picture so we first have to examine the economy as a whole before looking at your chosen industry. 

Room for growth in terms of applying more economic concepts to your analysis. 

Specific comments
Good info about the state of the delivery platform industries. 

To make this analysis more of a "big picture", Team could start the segment by identifying the key sectors in the economy, a few key reasons accounting for the change in real GDP before zooming into the industry. 

Labour Force 
Underemployment is a good point but it should come from the angle of people taking up this job because they are being laid off from their regular job and less of the lesser orders. 

Similarly, got to look at the overall employment situation before zooming in. E.g. the type of unemployment that is prevalent and the causes. 

Government measures
Nice specific policy but there's more to be included. Hint: How to get business on board so that more users would find more choices and use the app. 

Feel free to bring in general policies that help the economy as a whole too. 

Inflation
Good find about the increase in delivery fee.

Since inflation is described as the overall increase in prices of the basket of goods and services and not just a single price increase of an item, it would be good to first take a look at what are the key price changes if items in the economy as a whole before looking at pricing of delivery.