Amazon upgrading delivery schedule

Amazon (AMZN) has built drones capable of delivering packages to customers in 30 minutes or less, the company disclosed at its 2019 re:MARS Conference in Las Vegas last month. According to a report from Reuters, Amazon plans to start deploying the drones in the coming months, which would help it achieve its goal of shipping packages to customers faster.

Amid tightening competition for customers, retailers are trying to lure shoppers with faster delivery turnaround. That is why Amazon is in the process of upgrading the standard delivery schedule for its Prime members. The company has begun replacing its two-day standard delivery for Prime shoppers with one-day delivery.

Amazon Is Getting Closer to Its Drone Delivery Dream

Retailers compete on offering express delivery

Using drones could help Amazon further shorten the time it takes to ship packages to customers, which could go a long way toward helping it attract more shoppers to its platform and improve loyalty among its existing customers. In China, top e-commerce companies Amazon (AMZN) and JD.com (JD) have been experimenting with drone and robot deliveries, all in efforts to shorten the delivery time. Alibaba (BABA), for instance, has a goal to be able to fulfill orders across China within 24 hours and international orders within 72 hours.

Express delivery has become more important for e-commerce companies like Amazon as they expand into the fresh foods business. Traditional retailers such as Walmart (WMT) and Target (TGT), which face the threat of losing market share to e-commerce retailers, have also rolled out express delivery programs for their customers. Amazon’s retail business generated $52 billion in revenue in the first quarter compared to $45.6 billion a year earlier.

Latest articles

15 Jul

Will Amazon Prime Day 2019 Break 2018's Record?

WRITTEN BY Jitendra Parashar

This year, Amazon extended its Prime Day to 48 hours instead of the 36-hour sale in July 2018, making the 2019 event the longest Prime Day ever.

In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.

15 Jul

OrganiGram's Third-Quarter Earnings

WRITTEN BY Adam Jones

On Monday morning, OrganiGram's third-quarter earnings came in as a bit of a let-down. Here's why.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.

With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.