Source: Benzinga Feeds
Speaking to an audience at the Consumer Electronics Show , the massive technology conference taking place in Las Vegas this week, the chief marketing officers for FedEx Corp (NYSE: FDX ) and Walgreens Boots Alliance Inc. (NASDAQ: WBA ) shared stories about their last-mile delivery innovations as e-commerce continues to upend traditional retail and logistics business models. Fifty percent of FedEx deliveries are now made to households, said Brie Carere, executive vice president and chief marketing officer. In 2019, 50 million packages were delivered every day; by 2026, that will increase to 100 million, with 93% of that growth driven by e-commerce. Among the challenges for logistics companies is that consumer delivery is a much more expensive proposition than business-to-business fulfillment, largely because last-mile delivery networks aren’t nearly as dense. “So we have a lot more innovating to do,” Carere said. Joining the CES panel discussion, held Jan. 6, was one of those innovations: Roxo, a battery-operated last-mile delivery robot.