Today in restaurant and grocery tech news, Biden’s food stamp refresh spells good news for major online grocers, while Albertsons wages war against these category leaders. Plus, Lunchbox CEO Nabeel Alamgir talks making third-party marketplaces work in restaurants’ favor.
The Biden administration’s confirmed increase to the Supplemental Nutrition Assistance Program (SNAP) Electronic Benefit Transfer (EBT) could be good news for Walmart, which has already been seeing strong grocery sales in recent months. It could be even better news for Amazon, which can draw more grocery shoppers into its Amazon Prime program when the option is financially more feasible to more people.
Businesses and lawmakers alike are struggling to figure out how best to respond to the worsening COVID-19 situation….