Over the past several years, drone delivery has become more than just an experiment for several towns across the US. I had the pleasure of sitting down with Yariv Bash, CEO and co-founder of Flytrex, the ultrafast drone delivery company for food and retail.
Flytrex is a market-leading drone delivery service that partners with retailers and restaurants to offer fast, safe, and cost-effective airborne deliveries directly to customers’ front and backyards. Flytrex operates the largest backyard drone delivery service in the US, with delivery stations in North Carolina and Texas operating daily, and signed agreements with several of the world’s largest retail and restaurant chains.
Gary Drenik: Rapid delivery has exploded in popularity in recent years, especially due to the pandemic. How is the market expected to change in the next few years? Decades?
Yariv Bash: It’s no secret that consumers across the US expect instant gratification and convenience at a reasonable price, and in the current economic climate — as the cost of driving, shopping, and living increase — affordable delivery is more important than ever.
The rapid delivery boom is also heavily influenced by the change in consumers’ shopping preferences. As a result of price increases, 35.3% of consumers 18 years and older report that they’re making fewer shopping trips, as reported in a recent survey by Prosper Insights & Analytics. But instead of going to the store to do longer stock-up trips, consumers are instead cutting back on the amount of products they purchase per trip. This opens up the door for autonomous solutions, which offer end-to-end, affordable, efficient delivery for those smaller delivery orders, so businesses can satisfy customers’ need for convenience, while increasing efficiency, and in turn bottom lines.