The trend: Amazon and Walmart are pushing to decrease the amount of time that passes from online shoppers clicking the buy button to the item arriving at their doors.
Why it matters: “With faster delivery, we’ve seen a corresponding increase in demand, higher conversion, and more items from more categories brought into a shopper’s consideration set for purchase,” an Amazon spokesperson told Insider Intelligence.
The big takeaway: There’s a twofold benefit to Amazon and Walmart’s push to decrease delivery speeds. At the same time that they’re decreasing their own costs, they’re putting pressure on their competitors to catch up (or partner with them via programs such as Buy with Prime).
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