Amazon's move to 1-day shipping helped juice its total deliveries to 5 billion packages last year, 16 times more than Walmart, Morgan Stanley estimates
Amazon sold an additional $36 billion worth of products in North America last year, following the launch of its one-day shipping initiative, according to Morgan Stanley.
As shipping frequency increases, package volume is also growing on Amazon, and is now estimated to be 16 times larger than that of Walmart's, according to Morgan Stanley.Amazon's move to shorten its standard delivery time from two days to one day is helping it significantly grow its sales volume and widen its gap with competitors, according to Morgan Stanley.
"Amazon's share gains accelerated throughout 2019 as the rollout of 1-day shipping the US led to record Amazon e-commerce GMV dollar growth," Morgan Stanley wrote in the note.
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