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<ul class="summary-list"><li><keyword id="80487" type="COMPANY" weightage="60" keywordseo="walmart">Walmart</keyword> has announced its intent to acquire peer-to-peer <keyword id="6355447" type="PERSON" weightage="60" keywordseo="delivery">delivery</keyword> company <keyword id="10343553" type="UNKNOWN" weightage="60" keywordseo="joyrun">JoyRun</keyword>.</li><li>"We'll be able to explore how the technology could complement ours," Srini Venkatesan, Walmart's executive vice president of global technology, told Business Insider in a statement.</li><li>Walmart has long worked to dominate "last mile" delivery in order to better compete against rivals like Amazon.</li></ul>Walmart is taking yet another run at honing its <keyword id="1972299" type="PERSON" weightage="60" keywordseo="Last-mile-delivery">last mile delivery</keyword> capabilities, this time by announcing its intent to acquire the talent, technology platform and intellectual property of technology company JoyRun.JoyRun is a peer-to-peer delivery app that was founded in 2015. The app allows users to request an order from a local store. If another users accepts the order, they can serve as a "runner" by picking it up and delivering it for a fee, or for free. JoyRun's has cultivated a network of 30,000 such "runners," as well as around 540 merchant partners. Srini Venkatesan, Walmart's executive vice president of global technology, said that the tech company has a national presence that has been "historically concentrated around campuses and military communities." Venkatesan, Walmart's executive vice president of global technology, spoke to Business Insider about the <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> giant's impending purchase, and what it means for its fulfillment strategy. "The team from JoyRun will join our Supply Chain Technology team once the deal closes," he told Business Insider in a statement. "At that time, we'll be able to explore how the technology could complement ours."The Arkansas-based retailer experimented with many technologies in its bid to win retail's <a href="https://www.businessinsider.com/walmart-invests-in-drones-as-amazon-delivery-war-heats-up-2019-6">delivery war</a> against rivals like Amazon. Earlier this year, Walmart announced partnerships with a trio of <a href="https://www.businessinsider.com/walmart-drone-delivery-partnerships-tom-ward-2020-9">drone companies</a> and a <a href="https://www.businessinsider.com/walmart-teams-with-electric-self-driving-car-company-cruise-2020-11">self-driving car </a>business for various fulfillment pilots. According to Venkatesan, JoyRun could give the company even more of an edge in terms of "last mile" delivery. In supply chain management, the "last mile" refers to the transportation of an order to its final destination. Walmart holds a key "last mile" advantage over smaller retail rivals and e-commerce outfits like Amazon in the form of its fleet of 4,700 plus stores. "When executed strategically, last-mile offers the benefits of speed and lower costs, since the order is only traveling a short distance," Venkatesan said.Venkatesan noted that Walmart currently employs a variety of different shipping nodes, including an e-commerce fulfillment center that can ship across a 500-mile radius, <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.linkedin.com_pulse_technology-2Dsupply-2Dchain-2Dworking-2Dtogether-2Dustomers-2Dsrini-2Dvenkatesan_&amp;d=DwMFAg&amp;c=tq9bLrSQ8zIr87VusnUS9yAL0Jw_xnDiPuZjNR4EDIQ&amp;r=mR2IbGnfn6NTFO1ZUFhWnQs60tfAi3LST5uG9s6zoxI&amp;m=hLAYX1fhCYcAUQE-Wi5qmIwCn0QPnWFwFOR9Zax_-u4&amp;s=ZbCCmf9R9zrZ6GoV82Ywm9qCm1BVQfZpI6Qei4A1iAo&amp;e=BVQfZpI6Qei4A1iAo&amp;e=">pop-up distribution centers</a> that can ship across a 100-mile radius, and Walmart stores that can ship across a 10-mile radius.He said that the retailer has developed an artificial intelligence-driven concept called "intelligent flow," which helps the team "quickly understand where products need to be allocated throughout our fulfillment network." Machine learning also helps Walmart truck inventory to stores and "designate quantities for the sales floor or for e-commerce.""All of this enables us to allocate forward-deployed inventory at a lower cost, and easily leverage our existing last-mile delivery capabilities to serve customers quickly and efficiently," Venkatesan said. In his <a href="https://www.linkedin.com/posts/srini-venkatesan_this-acquisition-allows-us-to-further-augment-activity-6735295576902115328-Q4au">LinkedIn</a> post on the acquisition, Venkatesan wrote that JoyRun could complement the company's <a href="https://www.drive4spark.com/">SPARK</a> program for independent contractors or its existing third-party delivery providers. He told Business Insider that "it's too early to speculate" about how exactly these capabilities could dovetail with JoyRun's technology."Once the deal closes, the app and existing service will temporarily be unavailable while we actively explore ways in which we might integrate JoyRun's unique IP and technology into our last-mile delivery capabilities," he said. "Having multiple options for delivering to customers allows us more flexibility to serve customers."Venkatesan said that JoyRun will not factor into Walmart's strategy for the ongoing 2020 holiday season. He noted that the companies only just signed the agreement, and that they "anticipate the deal will close in the coming weeks."And as for whether or not shoppers can expect to be able to officially pickup deliveries for their friends and neighbors soon, Venkatesan said that Walmart stores already act as informal community hubs."With 4,700 plus stores located within 10 miles of 90% of the US population, the proximity to our customers allows us to think creatively about how our stores can be used to not only for in-store shopping, but also to serve the increasing needs of omni shoppers," he said.

How Walmart's latest tech acquisition could make 'last-mile' delivery fast and affordable — and beat Amazon at its own game

<ul class="summary-list"><li><keyword id="80487" type="COMPANY" weightage="60" keywordseo="walmart">Walmart</keyword>'s answer to Amazon Prime is doing away with one key hurdle customers face when using its new membership service.</li><li>The Arkansas-based retailer's <a href="https://www.businessinsider.com/walmart-plus">Walmart Plus</a> offering is now nixing its $35 shipping minimum for online orders.</li><li>"It feels like a life hack is needed now more than ever and Walmart+ is here to help," chief customer officer Janey Whiteside said in a statement.</li></ul><a href="https://go.skimresources.com?id=35871X943606&amp;xs=1&amp;url=https%3A%2F%2Fwww.walmart.com%2Ft.com%2F" rel="nofollow sponsored">Walmart Plus</a> is cutting its $35 shipping minimum for online orders on Walmart.com, just in time for the holiday season.The change to the subscription service's next-day and two-day shipping policy will take effect on December 4. When it comes to delivery of products purchased inside Walmart stores, like groceries, <keyword id="9654098" type="UNKNOWN" weightage="60" keywordseo="walmart-plus">Walmart Plus</keyword> members will still need to meet a $35 minimum."Customers have been clear — they want this benefit," Janey Whiteside, Walmart's chief customer officer, said in a statement. "Being able to toss an item into your cart, regardless the total, and checkout right away lets them knock little things off their to do list in no time."Read more: <a href="https://www.businessinsider.com/walmart-sidechef-ecommerce-curbside-ingredients-recipe-2020-11">Walmart just revealed a new grocery shopping service that could give it an edge and 900,000 new customers, as at-home cooking soars during the pandemic</a>The new Walmart Plus benefit is just the latest move the Arkansas-based <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> giant has made to further compete with Amazon. Walmart Plus, a subscription service that sees members shelling out $98 annually or $12.95 on a monthly basis, is viewed throughout the retail industry as the company's answer to Amazon Prime. <a href="https://www.businessinsider.com/amazon-prime-vs-walmart-plus-price-perks-delivery-benefits-2020-7">Amazon Prime</a> has helped to pioneer concepts like free two-day shipping, free same-day shipping, and free two-hour delivery.Meanwhile, Walmart has embraced e-commerce and last mile innovation by acquiring peer-to-peer delivery service <a href="https://www.businessinsider.com/walmarts-joyrun-acquisition-last-mile-delivery-2020-11">JoyRun</a> and entering into partnerships with a trio of <a href="https://www.businessinsider.com/walmart-drone-delivery-partnerships-tom-ward-2020-9">drone companies</a> and a <a href="https://www.businessinsider.com/walmart-teams-with-electric-self-driving-car-company-cruise-2020-11">self-driving car</a> business for various fulfillment pilots. "It feels like a life hack is needed now more than ever and Walmart+ is here to help," Whiteside said in a statement.

Walmart Plus is dropping its $35 shipping minimum just in time for the holiday season

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How Walmart's latest tech acquisition could make 'last-mile' delivery fast and affordable — and beat Amazon at its own game

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Walmart Plus is dropping its $35 shipping minimum just in time for the holiday season

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