Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

Walmart To Test A Pilot Project To Gear Up Delivery Business

By John F. Heerdink, Jr.

Reportedly, Walmart Stores, Inc. (WMT) to test a pilot project to gear up its delivery business for the delivery of products with automated drones along with Flytrex, an end-to-end delivery firm. The test is expected to start in the second week of September in Fayetteville, North Carolina with cloud-controlled drones engaged in picking up and dropping off select items.

“We know that it will be some time before we see millions of packages delivered via drone. That still feels like a bit of science fiction,” stated Tom Ward, senior vice-president.

Walmart, whose U.S. online sales doubled in the second quarter is working to boost its delivery process. The retailer has previously partnered with Ford Motor Co and self-driving vehicle startups Gatik and Nuro to explore delivery options, as the pandemic makes consumers prefer items delivered at their doorsteps rather than visiting stores.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.

Post View Count : 373
(Read Original Story: Walmart to test drone delivery of grocery, household items in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us