Walmart announced that it is commercializing its delivery platform through a new offering, Walmart GoLocal, a delivery as a service initiative that aims to help businesses of all sizes bring their products closer to their customers' doorsteps.

Walmart's new offering emphasizes the huge demand for last mile delivery as well as the importance of omnichannel capabilities for retailers.

Walmart GoLocal also furthers the retailer's strategy to build alternative revenue streams and profit pools.

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