Walmart Announces Plans , to Expand Drone Delivery Program , Despite Economic Slowdown.
Walmart Announces Plans , to Expand Drone Delivery Program , Despite Economic Slowdown.
On May 24, Walmart announced
that it would expand the company's , drone delivery program. .
Despite a nationwide slowdown in retail sales,
the expanded delivery program will now be
available to 4 million consumers in six states.
Despite a nationwide slowdown in retail sales,
the expanded delivery program will now be
available to 4 million consumers in six states.
NBC reports that the program
is a partnership between
Walmart and DroneUp. .
NBC reports that the program
is a partnership between
Walmart and DroneUp. .
Drone delivery will be available in
34 locations across Arizona, Arkansas, Florida,
Texas, Utah and Virginia by the end of 2022.
Drone delivery will be available in
34 locations across Arizona, Arkansas, Florida,
Texas, Utah and Virginia by the end of 2022.
The retail giant's goal
is to deliver over 1 million packages
by way of drone each year. .
Between the hours of 8:00 a.m.
and 8:00 p.m., customers will be able
to order from tens of thousands
of eligible items, such as Tylenol,
diapers and hot dog buns,
for delivery by air
in as little as 30 minutes, Walmart statement, via NBC.
Between the hours of 8:00 a.m.
and 8:00 p.m., customers will be able
to order from tens of thousands
of eligible items, such as Tylenol,
diapers and hot dog buns,
for delivery by air
in as little as 30 minutes, Walmart statement, via NBC.
According to Walmart,
the drones are capable of carrying
up to 10 pounds of items. .
NBC points out that the expansion comes
as most major retailers in the U.S. face
widespread inflation and rising interest rates. .
May has already seen shares
in Walmart drop 18%, while
stock in Target plummeted 25%.
May has already seen shares
in Walmart drop 18%, while
stock in Target plummeted 25%.
Analysts have become increasingly concerned that the economic slowdown, combined with inflation and tighter monetary policies, could be leading to a recession