Bringoz Industry Weekly 2/9
Shippers are moving freight ahead of schedule to avoid potential tariffs. Amazon has delivered over 9 billion items worldwide through same-day or next-day delivery. Walmart makes a new acquisition. Read about these stories and more in our weekly industry news roundup.
Shippers Expediting Freight Due to Tariff Caution
Despite the delay in tariff action, shippers remain wary of the affordability of importing from Mexico and Canada. Some companies are moving their goods ahead of schedule to avoid the expenses of potential Trump tariffs. Uber Freight found that its customers importing from Mexico are moving loads early, preferring the costs of inventory storage or heightened freight rates to the risk of a 25% tariff. That surge in shipper demand could bring an earlier peak shipping volume than usual. Read more.
Amazon Speedy Deliveries Top 9B Worldwide
As Amazon marks two decades since the launch of its Prime membership, the company says it reached the “fastest speeds ever” last year, delivering globally “more than 9 billion items the same day or next day.” The company in recent years has beefed up its fulfillment network. Last year, the company expanded its number of same-day delivery sites in the U.S. by more than 60% and now serves over 140 metro areas. Read more.
Walmart Buys Mall for $34M
Walmart bought Monroeville Mall, near Pittsburgh, Pennsylvania, for $34 million. Walmart’s purchase is an example of the unexpected ways that malls are being redeveloped and repurposed as shopping habits evolve. Shopping centers have added new restaurants, turned former stores into apartments or gotten demolished for completely new uses, as mall anchors like Sears have shuttered and others like Macy’s are downsizing. Read more.
The Growth of Online Grocery Shopping
The grocery retail industry has undergone a significant transformation in recent years, and one of the most prominent changes has been the growth of online grocery shopping. What once was a nice-to-have option has evolved into a necessity for many shoppers. Here’s a look at what the future holds for online grocery shopping and how retailers are adapting its growth. Read more.
How Consumer Behavior is Changing in Grocery Shopping
Consumer preferences are playing a pivotal role in shaping the landscape of grocery retail. From omnichannel shopping to budget-conscious decisions, consumers are becoming more informed, tech-savvy, and discerning in their shopping habits. Here’s a closer look at how consumer behavior is transforming the grocery industry. Read more.
Overcoming Challenges in the Freight Industry
Freight companies face numerous challenges, ranging from operational inefficiencies to supply chain disruptions. These hurdles can stymie growth and impact delivery service, making it essential for companies to devise robust strategies to overcome them. Here’s a look at some of the key challenges faced by freight companies and how to navigate them effectively. Read more.