Stresses of dealing with the pandemic sees UK pallet networks at breaking point
The UK’s pallet network is collapsing under the weight of “undue pressure” hoisted upon it ...
If you ever wanted to fully understand the difference between Walmart and Amazon – which turns out to be vast – you should read this article on recode. Sources told the author Walmart is expecting a $1bn+ loss for its US e-commerce division this year, despite revenue of $21-$22bn. Its jet.com acquisition is said to be struggling and, while Amazon accounts for some 38% of the online retail market in the US, Walmart is on just 4.7%. It’s causing internal problems.
“E-commerce in the US is becoming a “winner take all” industry. Or, at a minimum, a “winner take most” market,” notes the article. And for Walmart – which has 20 fulfilment centres in the US, to Amazon’s 110 – catch-up is a cash issue. But Wall Street is favouring the e-tailer.
Well worth a read.