The Friday Report Blog: October 20th, 2023

Bridging Continents: India Welcomes Brazilian Industries

India warmly invites Brazilian industries to join its booming supply chain, marking a new chapter in strengthening their bilateral economic relationship. In a recent visit to Brazil, Commerce Secretary Sunil Barthwal, accompanied by a group of 20 prominent business leaders, proactively engaged in discussions to boost trade between the nations.

Their efforts come in the wake of a remarkable growth in bilateral trade, which has impressively doubled to $16 billion over the past two years. During his visit, Secretary Barthwal also held constructive meetings with Brazilian firms invested in India and mingled with top MICE (Meetings, Incentives, Conferences, and Exhibitions) representatives.

Both countries are excitedly exploring fresh avenues to further promote their thriving trade and investment ties.

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Amazon’s Prime Air: The Future of Fast Delivery Takes Flight

Amazon is elevating its delivery game by weaving drones into its fulfillment network, promising even speedier package arrivals. The company will introduce Prime Air drones to its U.S. same-day delivery hubs, moving away from standalone Prime Air centers.

Excitingly, drone delivery will also debut in Italy, the U.K., and another U.S. spot by the end of 2024. These innovations underscore Amazon’s goal of seamlessly integrating drone tech into its routine operations. Benefits? Enhanced retail experiences, swifter deliveries, and a leap towards a sustainable delivery approach. For the past year, drones have swiftly delivered packages up to five pounds.

The company is partnering with global regulators to ensure a safe and expansive drone service. By 2024, Amazon will adopt the MK30 drone, boasting a range twice that of earlier models.

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Walmart’s New Era: 5th Next-Gen Fulfillment Center on the Horizon

Walmart is set to further enhance its e-commerce capabilities by opening a state-of-the-art, 900,000-square-foot “next-generation” fulfillment center in Stockton, California by 2026. This ambitious move is a part of Walmart’s ongoing efforts to expedite shipping, aiming for next- or two-day deliveries for a vast majority of the U.S. population.

These innovative centers streamline the traditional 12-step fulfillment process down to just five, ensuring faster and more efficient deliveries. The Stockton facility will not only support the West Coast’s growing online orders but also create over 1,000 jobs.

Walmart’s Senior VP, Karisa Sprague, highlights this development as a testament to the company’s commitment to omnichannel retail, keeping pace with the rising demand for online shopping.

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