Walmart has instituted new shipping and delivery policies that could strap carriers with extra fees for deliveries that are late, mispackaged or delivered earlier than the scheduled delivery time.
The new policy, dubbed “On-Time, In-Full,” could score the company an extra $1 billion in revenue, according to an article from Bloomberg.
The extra revenue isn’t based on the new fees, but rather by securing product availability at Walmart stores.
“A year ago we shared these same on-time and in-full delivery goals with suppliers and asked them to begin preparing,” says Walmart spokesperson Ryan Curell. “We will phase these changes in over the course of this year, working closely with our vendors to help reach these targets. We know that when products we’ve ordered arrive on time, it results in happier customers.”