Adding to that, the Bureau of Transportation Statistics said last mile goods and services purchased by businesses and government in 2018 made up $1.48 billion, or 8.9%, of the U.S. Underscoring just how big of a financial impact last mile revenues have on the overall economy, the Bureau of Economic Analysis (BEA) reported the last leg of overall transportation costs make up 28% of overall logistics expenses.
In 2018, overall revenue for the last mile delivery market in North America was $31.25 billion, and it is expected to grow to about $51 billion by 2022, according to market researcher Statistica in a report issued early this year. There appear to be an abundance of financial opportunities that could make Amazon's delivery service investments worthwhile. The cost of Amazon's last mile delivery investments While some delivery methods are too new to pass judgement on, what's certain is that Amazon's delivery service strategy is sure to have ripple effects across the supply chain and transportation industry. The demand for Amazon delivery services from its e-commerce site and Whole Foods has skyrocketed during the COVID-19 pandemic as consumers seek ways to get goods without leaving their homes.
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