Joel Sng Zhiwei (born c. 1983) is a Singaporean entrepreneur and businessman. He co-founded the online grocery and food delivery service Honestbee and was its chief executive officer from March 2015 to May 2019.
18-449: (Redirected from SNG ) For Misplaced Pages's subject-specific notability guidelines, see WP:SNG . Sng , or SNG , may refer to: People [ edit ] Joel Sng (b.1983), an entrepreneur and businessman from Singapore Junie Sng (b.1964), a swimmer from Singapore Kelvin Sng (b.1974), film director from Singapore Larry Sng (b.1979),
36-614: A house in Japan using company funds and incorporating a sham company called PayNow that Honestbee subsequently bought over. In June 2021, the High Court of Singapore awarded $ 5.1 million in damages to South Korean brokerage Mirae Asset Daewoo after Sng allegedly failed to deliver Honestbee shares that they had purchased. On 23 May 2022, Sng was issued a bankruptcy order by the High Court. Online grocer An online grocer
54-671: A large regional or national delivery area may ship groceries using courier services. If the order contains cold or frozen items, this involves " flash freezing " the goods and pack them into special shipping containers. Companies have experimented with automated delivery modes including drone delivery and robots . For instance, in Fall 2016 Washington, D.C. approved a trial run of rolling delivery drones produced by Starship Technologies . The earthbound robots are similar to wheeled coolers and carry around 40 pounds of groceries. The online grocer technology platform could be developed in-house, or
72-492: A politician from Malaysia Sng Boh Khim (1950–2006), a poet from Singapore Sng Ju Wei (b.1980), a swimmer from Singapore Ayden Sng (b.1993), an actor from Singapore Other uses [ edit ] Satellite news gathering Single negative metamaterial , with negative permittivity or permeability LNER Class A4 4498 Sir Nigel Gresley , a British steam locomotive Sit and go poker tournament Slovak National Gallery (Slovenská národná galéria) SNG,
90-497: A third party's platform could be re-used and customized to reflect the company brand and provide unique features. In some cases, all management and support tasks are being outsourced to the platform provider. In the United States, in 2017, Amazon.com sold $ 2 billion worth of groceries online. It had the largest market share, 18%, followed by Walmart . Amazon acquired Whole Foods Market to help accelerate growth efforts in
108-528: Is a supermarket or grocery store that allows ordering via websites or mobile apps . The order can either be collected by the customer or delivered to the customer by drivers engaged by the grocer, a food delivery service, or by delivery drones and robots . For brick-and-mortar stores that have online ordering, customers can place orders online and pick up their ready orders in the store on their way home. In-store pickup—sometimes termed "click & collect"—is typically offered for same-day shopping. It
126-602: Is different from Wikidata All article disambiguation pages All disambiguation pages Joel Sng In December 2014, Sng founded the startup company Honestbee , an online grocery and food delivery service, together with Jonathan Low and Isaac Tay. He started serving as the company's chief executive officer in March 2015. In May 2019, Sng was dismissed as CEO. A day before his dismissal, he had reportedly sent an email to all Honestbee staff stating that "I am not an abandon ship person and I will never leave
144-461: Is less common is based on just-in-time business in which there is no warehouse or inventory . In this type of delivery, customers place orders for next-day delivery. The online grocer shops for the groceries on the morning of the delivery day. Some grocery fulfilment centres are set up as dark stores . Online-only grocers typically have warehouses or distribution centers nearby, to allow local shipping of refrigerated items. Online grocers with
162-450: Is usually less expensive than delivery, and can be done at a time of the customer's choosing. This option is popular in rural areas. It is also useful for customers living outside of the store's local delivery area. Most local online grocers have their own drivers. The most common type of personal delivery involves storing grocery inventory in a warehouse to deliver to customers once orders are placed. Another type of personal delivery which
180-856: The IATA code for Capitán Av. Juan Cochamanidis Airport in the Santa Cruz Department of Bolivia sng, the ISO 639-3 code for the Luba-Sanga language spoken in the Democratic Republic of Congo SNG, the National Rail code for Sunningdale railway station in the county of Berkshire, UK Sodruzhestvo Nezavisimykh Gosudarstv, the Commonwealth of Independent States in transliterated Russian Sprinter New Generation ,
198-525: The company to be rudderless." Following Sng's departure, early Honestbee backer Brian Koo became acting CEO. Sng was also the director of Sun Group Capital, which was founded in 2011 and had S$ 10 in capital. In August 2019, Honestbee creditor Benjamin Lim sued Sng for $ 3.8 million in damages, although the matter was later settled out of court. In March 2020, Honestbee filed a lawsuit against Sng for an "alleged breach of fiduciary duties", including purchasing
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#1732801374340216-412: The environmental impact of food transport. Small-scale farmers have been embracing digital technologies as a way to directly sell produce, and community-supported agriculture and direct-sell delivery systems are on the rise during the coronavirus pandemic. Furthermore, weekly grocery deliveries can be a better choice than individual trips to a store. Some online grocery stores have a goal of supporting
234-414: The growth of online grocers, and in the first few months of the pandemic, online grocery shopping increased by 300%. In addition, first-time online grocery shoppers accounted for 41% of online grocery shoppers. COVID-19 hastened the uptake of online grocery shopping. Pre-COVID-19 food shopping activity accounted for 9% of the market, but 63 percent of consumers worldwide purchased more groceries online after
252-428: The new local rolling stock for Nederlandse Spoorwegen Substitute natural gas , also known as synthetic natural gas Sylloge Nummorum Graecorum , a project to publish ancient Greek coinage Singapore , ITU country code See also [ edit ] All pages with titles containing Sng All pages with titles beginning with Sng All pages with titles beginning with SNG Topics referred to by
270-571: The online grocery sector. Other companies with substantial market share in the US are Target and Instacart . The value of the US online grocery market grew from $ 12 billion in 2016 to $ 26 billion in 2018 and it has plenty of room to grow, given that the size of the overall grocery market was $ 632 billion in 2018 according to IBISWorld. Online grocery shopping grew substantially during the COVID-19 pandemic . The COVID-19 pandemic greatly accelerated
288-515: The outbreak than they did before they were socially isolated. In the United States in 2022, 47% of people used online grocers, including 2% of people who used online grocers as their exclusive grocery provider. The market size in the U.S. in 2022 was $ 42.8 billion. Walmart was the largest online grocer in the US that year with 27.6% of market share, followed by Amazon.com / Whole Foods Market at 21% and Kroger at 10%. Online grocery stores may allow facilitating local food which may reduce
306-440: The production and sale of fresh, organic , locally grown, sustainable foods . The biggest advantage that online grocers have vis-a-vis brick-and-mortar store is more accurate data. Online grocers can use AI and machine-learning models to provide a more personalized experience for their customers. There are four main ways to utilize data for online grocers: creating smart shopping lists, personalizing discounts, personalizing
324-403: The same term [REDACTED] This disambiguation page lists articles associated with the title Sng . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Sng&oldid=1160557967 " Category : Disambiguation pages Hidden categories: Short description
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