While the extent of consumer demand to have orders show up at the front door yesterday remains an open question, activity and investment around same-day delivery remains red hot. From Apple and Postmates to Amazon, Ulta, Uber and beyond, companies are betting that demand will increase rapidly. This is the case despite the fact that most consumers still prefer free to fast. According to a recent study by comScore, commissioned by UPS, 85% of shoppers are willing to wait five days or more for their delivery if shipping is free, while 66% said they’re willing wait that long when they have to pay for it. Nevertheless, retailers are feeling relentless pressure to offer fast AND free – or at least cheaper – as Amazon continually flexes its muscles by raising the bar on consumer expectations. Last month, the company announced it would make 1 million items available for free same-day shipping to Prime members in 14 metro markets. Among all the companies jostling to be the same-day leader, Amazon continues to be the most active. Most recently, it is reportedly taking a page from same-day delivery companies like Uber, Lyft, Kanga and Deliv by developing an app that will use crowdsourcing to enlist everyday folk for transporting goods it sells, according to the Wall Street Journal. The items would be stored in leased space at local businesses, should the initiative move ahead.
American Dollar to Canadian Dollar = 0.755281; American Dollar to Chinese Yuan = 0.143102; American Dollar to Euro = 1.085465; American Dollar to Japanese Yen = 0.009110; American Dollar to Mexican Peso = 0.053752.