Logistics

Amazon Accelerates Competition in India with 15-Minute Delivery Trials

12 days ago

In a bold move to capture the rapidly evolving Indian e-commerce landscape, Amazon has officially begun testing a groundbreaking 15-minute delivery service in select locations. This initiative is part of the company's ongoing efforts to enhance customer satisfaction and fend off rising competition from domestic and international players vying for a larger share of the market.

Xiaomi's Strategic Investment: A Boost for SF Holding's Hong Kong Share Sale

1 month ago

In a significant financial maneuver, a subsidiary of Chinese tech giant Xiaomi Corp is reportedly investing in the upcoming share sale of SF Holding Co., a leading logistics service provider in China. This investment marks a notable collaboration as both entities aim to strengthen their positions in the rapidly evolving logistics and delivery sectors.

Foschini's New Strategy: TFG SJ Takes On Shein and Amazon with Swift Delivery Services in South Africa

1 month ago

The Foschini Group (TFG) is making strategic moves to bolster its competitive position in the South African retail market by ramping up delivery speeds, aimed directly at major global players like Shein and Amazon. With an eye on capturing a larger share of the fast-fashion segment, TFG is setting the stage for an intense showdown in the e-commerce landscape.

Delivery Hero Adjusts Earnings Forecast for 2024, Anticipating Lower Revenues

1 month ago

In a recent announcement, Delivery Hero, a leading global food delivery service, has revised its earnings expectations for 2024, indicating that it will likely achieve results at the lower end of its previously stated forecast. This adjustment comes as the company grapples with shifting market dynamics and evolving consumer behavior in the competitive landscape of the food delivery sector.

Coupang Reports Surge in Revenue, Driven by Expansion into New Markets

2 months ago

Coupang, the South Korean e-commerce giant, has announced significant growth in its revenue, with a marked increase attributed to the successful integration of newer business segments. This development comes as the company continues to diversify its offerings beyond traditional online retailing, capitalizing on a dynamic market landscape.

Negotiations Over ESR Takeover Strained by Complex Company Structure

2 months ago

In recent developments regarding the potential acquisition of ESR Group, negotiations have become protracted, largely due to the intricate financial and operational architecture of the company. Discussions are said to be ongoing as stakeholders weigh the implications of acquiring one of Asia’s biggest logistics port operators.

UPS Faces Unprecedented Sell Call Amidst Heightening Competition from Amazon and FedEx

2 months ago

In a turn of events that has stirred the investment community, United Parcel Service (UPS) has received an atypical sell recommendation from analysts, citing escalating competition from retail giant Amazon and logistics powerhouse FedEx. This rare downgrade reflects the shifting dynamics within the delivery and logistics sector, which is increasingly being dominated by these formidable players.

Instacart Welcomes New Chief Technology Officer with Expertise from Uber

2 months ago

In a significant shakeup aimed at enhancing its technological edge, Instacart has appointed a veteran from Uber to take on the role of Chief Technology Officer (CTO). This strategic move comes as the company seeks to innovate its delivery platform and strengthen its competitive position in the rapidly evolving online grocery market.

Amazon Introduces Revolutionary AI Tool to Enhance Package Delivery for Drivers

2 months ago

In a significant move aimed at streamlining its vast logistics network, Amazon has unveiled a new artificial intelligence tool designed to assist delivery drivers in locating packages more efficiently. This innovative technology comes as part of the tech giant's ongoing efforts to improve the efficiency of their last-mile delivery services, which are crucial for meeting customer demands and maintaining competitive advantage in the burgeoning e-commerce sector.

Online Holiday Spending Projected to Rise 8.4%, Most Since 2021

3 months ago

A very strong online holiday spending is forecasted for the holiday season. According to recent data, it is expected that the growth will be 8.4%, which would be the highest since 2021.