Walmart Plans To Offer Drone Delivery To Millions of Households...

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    Walmart Plans To Offer Drone Delivery To Millions of Households in 2022

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    ARK Invest_Illustration_Tasha Keeney_Final_Circle 400 px

    By Tasha Keeney| @TashaARK
    Analyst

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    Last week, Walmartannouncedplans 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,AmazonandAlphabet, both of which have been researching and developing drone delivery operations for nearly a decade.

    ARKestimatesthat 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.


    That is one massive opportunity for Elsight.

    "Halo" inside
 
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