https://ark-invest.com/newsletters/issue-318/?utm_content=2099142182. Walmart Plans To Offer Drone Delivery To Millions of Households in 2022
Last week, Walmart announced plans to offer drone delivery to 4 million households across six states by the end of the year, creating the largest drone delivery operation in the United States. Currently involving FAA-certified pilots, Walmart’s drone strategy appears to be much more aggressive than that of its peers, Amazon and Alphabet, both of which have been researching and developing drone delivery operations for nearly a decade.
ARK estimates that fully autonomous drones could deliver consumer packages by air profitably in as little as 30 minutes for less than a dollar. If our research is correct, drones could transform logistics and address nearly half of all global e-commerce, generating ~$100 billion in revenue per year globally within the next decade.
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