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Walmart Announces Plans to Expand Drone Delivery Program Despite Economic Slowdown

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Walmart Announces Plans to Expand Drone Delivery Program Despite Economic Slowdown

Walmart Announces Plans to Expand Drone Delivery Program Despite Economic Slowdown

Walmart Announces Plans , to Expand Drone Delivery Program , Despite Economic Slowdown.

Walmart Announces Plans , to Expand Drone Delivery Program , Despite Economic Slowdown.

On May 24, Walmart announced that it would expand the company's , drone delivery program.

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Despite a nationwide slowdown in retail sales, the expanded delivery program will now be available to 4 million consumers in six states.

Despite a nationwide slowdown in retail sales, the expanded delivery program will now be available to 4 million consumers in six states.

NBC reports that the program is a partnership between Walmart and DroneUp.

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NBC reports that the program is a partnership between Walmart and DroneUp.

.

Drone delivery will be available in 34 locations across Arizona, Arkansas, Florida, Texas, Utah and Virginia by the end of 2022.

Drone delivery will be available in 34 locations across Arizona, Arkansas, Florida, Texas, Utah and Virginia by the end of 2022.

The retail giant's goal is to deliver over 1 million packages by way of drone each year.

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Between the hours of 8:00 a.m.

And 8:00 p.m., customers will be able to order from tens of thousands of eligible items, such as Tylenol, diapers and hot dog buns, for delivery by air in as little as 30 minutes, Walmart statement, via NBC.

Between the hours of 8:00 a.m.

And 8:00 p.m., customers will be able to order from tens of thousands of eligible items, such as Tylenol, diapers and hot dog buns, for delivery by air in as little as 30 minutes, Walmart statement, via NBC.

According to Walmart, the drones are capable of carrying up to 10 pounds of items. .

NBC points out that the expansion comes as most major retailers in the U.S. face widespread inflation and rising interest rates.

.

May has already seen shares in Walmart drop 18%, while stock in Target plummeted 25%.

May has already seen shares in Walmart drop 18%, while stock in Target plummeted 25%.

Analysts have become increasingly concerned that the economic slowdown, combined with inflation and tighter monetary policies, could be leading to a recession


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