Amazon Boots Up The Bots 📦

by | 14 May, 2019

Amazon Boots Up The Bots

That’s right, Amazon has gone full Skynet on us by looking to roll out a hoard of packing robots to replace almost 1,300 manual workers…This is how it starts.

The robots don’t come cheap either. At a whopping million Dollars a pop, these robots are a serious investment for the retail giant, but what makes them so much better than people? Speed, that’s what.

The bots are capable of packing over 600 boxes per hour, which is roughly 4-5 times as many as their human counterparts. which will make them cost effective in just two years once the full rollout is complete. That’s pretty fast!

While this is a great step forward for the company in terms of efficiency, it must be careful not to lose its reputation as a generous employer welcomed by towns across the US. Too much automation could inhibit the company’s expansionary plans as towns clamp down to stop the giant from crushing local business and employment opportunities.

Amazon has said, however, that it doesn’t plan to fire any existing workers, but rather not hire any new ones while it transitions them into other jobs over time. Amazon’s spokeswoman said that the “new efficiency savings will be re-invested in new services for customers, where new jobs will continue to be created”.

While this may not be ideal for employment opportunities, it represents a strong move forward for Amazon which will likely generate far better profit margins for the mega-firm. It’s just another step towards world domination for Amazon.

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.

 

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