Several months ago, Chief Macro Strategist Lenore Hawkins shared a view that has been percolating inside Tematica for a while – 2-day delivery or less is the standard by which e-commerce and traditional retailers will be judged. With the success of both Amazon Prime and Prime Now, we are seeing others striving to meet that time to consumer window. It’s leading to new initiatives and new alliances, all of which signals there is more to retailmegaddon to be had as part of our Connected Society investing theme.
Never underestimate the power that comes with quick delivery in today’s digital-driven retail industry. With eCommerce gaining ground and traditional brick-and-mortar stores integrating more technology to help increase engagement, consumers are starting to expect swift service both in-store and in delivery options.
One company that’s looking to hop on board with faster deliveries is online retailer Overstock.com. In an effort to boost this part of its shopping experience, Overstock is rumored to be undergoing talks with logistics company XPO Logistics regarding outsourcing distribution and delivery. The hope here is that this will be a move that helps the company offer customers two-day delivery on larger items and will give it an advantage over rivals like Wayfair and Joss & Main.
Source: Overstock.com Looks Into 2-Day Delivery | PYMNTS.com
