Could This Company Save Retailers Delivery Problems?
August 1, 2024
Retailers are facing a delivery problem.
Consumer expectations for deliveries are high.
- 25% of consumers will go to other retailers if delivery times are longer than three and a half days.
- 92% of consumers expect compensation for delayed orders.
According to retail executives, meeting these expectations is costly.
- 47% can't meet the timing expectations
- 76% claim the per-package delivery costs have risen in the past year
- and 72% don't find home deliveries to contribute to profit
This has led retailers to diversify last-mile delivery in hopes of reducing the cost.
UPS saw its share in last-mile delivery fall 10% in the past year. In its earnings call the company acknowledged the "new entrants... that are quite frankly running a different model."
One of these new entrants helping with the delivery diversification is...
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