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Business Wars Daily

Walmart Stumbles on the Last Mile

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 9 August 2018

⏱️ 4 minutes

🧾️ Download transcript

Summary

Today is Thursday, August 9, and we’re looking at Walmart vs. Amazon.

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Transcript

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0:00.0

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0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

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1:03.5

From Wondery, I'm Elaine Appleton-Granton for David Brown.

1:06.8

This is Business Wars Daily on Thursday, August 9th.

1:17.1

For a $500 billion company with Walmart's business savvy, one recent failed corporate experiment to compete with Amazon was more than a little surprising.

1:29.1

The pain in delivering to online customers is in the so-called last mile. That's the distance between the retailer and the customer's doorstep. It's often the most expensive part of the trip. Walmart, which has an $11 billion e-commerce business, offers some delivery and some in-store

1:37.0

pickup, and it's promising same-day grocery delivery by the end of the year in many markets.

1:41.8

The company wants to increase efficiency

1:44.5

while wringing costs out of last-mile delivery

1:47.7

and, you know, compete better with Amazon,

1:51.0

which recently reported quarterly profits of $2.5 billion.

...

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