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Effect of Covid-19 In International business
- 1. Muhammad Asad Hafeez Ali Khoharo
- 2. AGENDA • Founders • History/Background • Business Model • Culture • Competition • Challenges • Covid-19 • Future
- 3. FOUNDERS Travis Kalanick • UCLA drop out • Founded of Scour Inc.
- 4. FOUNDERS Garrett Camp • Canadian Businessman and investor • Founded StumbleUpon
- 5. HISTORY/BACKGROUND • Original idea by Garret Camp • Founded in 2009 in San Francisco, CA • Formerly called: UberCab
- 6. HISTORY/BACKGROUND • Originally a luxury private car service • In 2012, UberX: anyone could become a driver • In 2014, UberPOOL: carpooling service • In 2014, UberEATS: food delivery • Now operating in 633 cities worldwide
- 7. HOW IT WORKS • Mission Statement: “make transportation as reliable as running water, everywhere, for everyone.” • Idea: Tap a button, get a ride • A flexible way for drivers to earn money • A quick and affordable access to transportation
- 8. HOW IT WORKS • Drivers • Download the app/make an account • Provide direct deposit info • Turn on the Uber app • Pick up the user • Get to the destination • Rate the user Users • Download the app/make an account • Provide credit card info. • Request an Uber • Set your destination • Know the fare in advance • Track the location of the driver • End route • Rate the driver
- 9. HOW IT WORKS • Surge pricing • Fares on per mile basis • Uber takes 20% of fare
- 10. COMPETITION • Lyft • Taxi industry • GRUBHUB • Sidecar
- 11. CHALLENGES • Bypassing Taxi regulations • Protests in London, Paris, Berlin, and Madrid • Banned in certain regions like Northern Australia, British Colombia, Denmark, etc • Sexual harassment cases • Many executives resigning • Kalanick resigned as CEO • Lawsuit misleading drivers about their earnings
- 12. COVID-19 • 111 million active users in 2019 • But in Q4 2020 93 million users • 4.98 billion trips in 2020, a 27 percent decrease from the 6.9 billion trips in 2019
- 13. COVID-19 • Uber Lost $2.6 billion in 2019 • Uber lost $6.7 billion in 2020
- 14. COVID-19 • Uber Eats increased revenues by over 200 percent in 2020 • 90% deriver not working
- 15. DOOR-TO-DOOR SAFETY STANDARD Introducing new measures to help keep you safe and healthy.
- 16. IN THIS TOGETHER All riders and drivers must wear a face cover or mask when using Uber, even when
- 17. HEALTH AND SAFETY SUPPLIES FOR DRIVERS We are working to provide drivers and delivery people with health and safety supplies like face covers, disinfectants, and gloves to deliver food.
- 18. EXPERT GUIDANCE We are working with the World Health Organization (WHO) to share safety tips and resources.
- 19. RIDE SAFETY FEEDBACK You’ll now be able to leave feedback on health issues, such as a driver not wearing a face cover or a mask. This helps us improve and holds everyone accountable.
- 20. GO ONLINE CHECKLIST AND MASK VERIFICATION Before a driver or delivery person can go online, they will be asked to confirm, via a new Go Online Checklist, that they’ve taken certain safety measures and are wearing a mask or face cover.
- 21. BENEFIT TO DRIVER • New driver came with the reference of old driver • Both of them get $500 • if old driver came back with the reference of old • Both of them get $300
- 22. BENEFIT TO DRIVER • If a driver working 32 to 40 hours in a week he get. a) Discount in maintains of car b) Fuel 3 cent per mile c) Medical
- 23. FUTURE • Self driving car • UberCHOPPER