It’s what Amazon does when financials are anemic and stock price gets hammered because the online giant can’t figure out how to make a profit while many competitors have. Natalie Gagliordi:
The e-commerce giant unveiled Monday the technology at the heart of its eighth generation fulfillment center — in short, there’s a lot of robots… Most notably is the Kiva robot, which looks sort of like a hockey puck on steroids and has the ability to shuttle upwards of 3,000 pounds of merchandise throughout the expansive fulfillment centers. Amazon says it now has more than 15,000 Kiva robots operating across its fulfillment centers in the US.
Despite gimmicks like Fire Phone and robots in the warehouse, Amazon still can’t find a way to make money online.