Delivered: Last-mile industry round-up


Stories from this week:

Walmart Phases Out Jet To Focus Its E-commerce on Walmart.com

Imperfect Foods Raises $72M in Series C Funding to Expand

DHL Pilots E-cargo Bikes In Miami To Reduce Congestion, Pollution

Amazon Launches Food Delivery Service in India

LA Moves to Cap Fees Charged by Food Delivery Services at 15%


Feature Story

Walmart looks to phase out Jet.com in favor of Jet.com
Walmart looks to phase out Jet.com in favor of Walmart.com

Walmart phases out $3.3B Jet, Concentrates on Walmart.com for Surging E-Commerce Demand

Walmart plans to discontinue Jet.com, the online-only marketplace that it acquired when it was just over one year old for a substantial $3.3B in 2016. Walmart has struggled to bring its e-commerce operations into place ever since and witnessed a $2B division loss in 2019. However, the Walmart.com brand has surged to prove powerful as consumers increasingly look to shop online. This, along with a COVID-19 driven momentum, has driven their e-commerce sales up 74% in Q1-2020.

"The big question now will be whether Walmart can continue to grow its e-commerce business, and reduce its losses, by shifting the focus from an Amazon-style model of fulfillment warehouses to giant stores, which serve a double purpose both to push its brick-and-mortar strategy, and to serve as the fulfillment hubs for the online-facing part of its business."
— TechCrunch

Read the full story here


Imperfect Foods Secures $72M in Series C Round
Imperfect Foods Secures $72M in Series C Round


DHL Pilots E-Cargo Bikes in Miami
DHL Pilots E-Cargo Bikes


Amazon launches food delivery service in India
Amazon Launches Food Delivery Service in India


LA Moves to Cap Food Delivery Fees at 15%
LA Moves to Cap Food Delivery Fees at 15%