Drone Deliveries of consumer goods and medical supplies are on the rise as technology firms and logistics giants have partnered to scale up the capabilities of UAV tech in a number of rural and suburban markets, as well as hospital campuses. COVID-19 has certainly sped development in the industry and has drastically shifted the time horizon for mass adoption of drone delivery.
Related Stocks: AgEagle Aerial Systems, Inc. (UAVS), Drone Delivery Canada Corp. (TAKOF), AeroVironment, Inc. (AVAV), Alphabet Inc. (GOOG), Amazon.com, Inc. (AMZN)
Online shoppers who want to order food and medical items from the local Walmart in Grand Forks, North Dakota, can now have it delivered straight to their backyard via Israeli drone startup Flytrex, one of just a handful in the US permitted to make crosstown commercial deliveries. Fortune reports the service, which kicked off in May, is utilizing drones capable of carrying packages weighing up to nearly seven pounds for up to 3.5 miles. Customers must order using a Flytrex app, through which about 200 Walmart items—from diapers and toothpaste to hamburger buns—are available.
Lately, the FAA has been speeding up its approvals for services that may help during the COVID-19 pandemic.
Rouses Market, a popular chain of grocers in several southern states, will begin testing a grocery delivery drone program at a store in Mobile, Alabama, this fall, the company reported. The grocer has partnered with Deuce Drone, a firm that specializes in building drones for brick-and-mortar retailers, to pilot the program. Drone grocery deliveries will arrive in 30 minutes or less, according to the grocer’s CEO, Donny Rouse.
Later this summer, purportedly August 31 (per an internal memo acquired by Business Insider), Amazon will take their next steps in drone delivery…
To read the rest of this Market Insight, START A FREE TRIAL You’ll also gain access to: If you already have a subscription, sign in
To read the rest of this Market Insight, START A FREE TRIAL
You’ll also gain access to:
If you already have a subscription, sign in