Amazon has spent billions of dollars to get within a 1-hour distance of customers. The e-commerce giant has created a web of fulfilment centres, locker hubs, and stores to offer quick delivery. But Walmart and Target are still ahead due to their brick and mortar stores found in the proximities. Amazon stores are within 60 minutes of 77% of the U.S. population. Whereas Walmart and Target stores are at an hour distance from 99% and 94% of the population, respectively.
The global food and grocery retail industry is expected to surpass $17T by 2027, expanding at an annual rate of 5%. During this time, digitisation is set to transform the entire food value chain from farm to fork. Our weekly newsletter covers innovations and disruptions in food and grocery industry.
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