E-commerce has never been more popular. What amounted to just 2% of total retail spend just a few years ago now accounts for 15% – and growing – of total retail spend. Growing demand has led to an explosion of start-ups created to solve the complex challenges that exist in the last mile space.
Over the last two decades, traditional retailers such as Amazon, Walmart and Target have built out their last mile capabilities to enhance their online offerings by providing better visibility, higher reliability and faster speeds.
